Article
Green Steel Startup Stegra Says $1.6 Billion Funding Complete
Description
Stegra completed its €1.4 billion financing round for its hydrogen-fuelled green steel plant in Sweden. The funding gives one of Europe’s major green steel projects more support after several similar projects faced cost and scaling pressures. The company is ramping up construction in Boden while reviewing its project timeline.
Other articles in the issue
-
China's Renewable Energy Mandates Set the Stage for Expanded Hydrogen Demand
China is using renewable electricity mandates and national grants to push demand for clean hydrogen and hydrogen-derived fuels. Heavy industries now face binding renewable power targets, while green methanol, carbon capture, SAF, and zero-carbon parks can access national support. The policies could help shift China’s huge hydrogen market away from coal and gas.
-
Colorado Swaps SAF Construction Credit for Buyer Incentive
Colorado created a new SAF purchase tax credit starting in 2027. The law repeals the state’s SAF facility construction credit and shifts support from production to demand. Buyers can receive at least $1.50 per gallon, with higher credits for lower-carbon fuel.
-
Ballard Announces Acquisition of UK-Based GeoPura, Powering Future Growth and Transforming Ballard Into an Integrated Hydrogen Ecosystem Provider
Ballard will acquire GeoPura in a deal valued at about US$400 million. The acquisition expands Ballard into hydrogen-based stationary power, energy-as-a-service, hydrogen production, logistics, refueling, and fuel cells. GeoPura’s customers include major companies using zero-emission hydrogen power for construction, events, defense, healthcare, and data center applications.
-
Frontier Approves Puro.earth's Enhanced Rock Weathering Methodology
Puro.earth says Frontier approved its 2025 enhanced rock weathering methodology for suppliers under Frontier’s carbon removal commitments. The methodology adds stronger measurement, sampling, carbon-loss accounting, and uncertainty rules for ERW credits. It is Puro.earth’s second Frontier-approved methodology after Geologically Stored Carbon.
-
Plug Power Completes Commissioning of 5 MW Electrolyzer System at European Energy’s Måde PtX Facility in Denmark
Plug Power completed commissioning of a 5 MW PEM electrolyzer at European Energy’s Måde Power-to-X facility in Denmark. The site is now producing certified renewable hydrogen and is expected to make about 550 metric tons annually. The project supports Europe’s green hydrogen buildout and industrial decarbonization.
-
Petrobras, BNDES Pick Amazon Carbon Credit Winners
BNDES and Petrobras selected Systemica, brCarbon, and re.green for the first ProFloresta+ auction. Petrobras will buy 5 million Amazon restoration carbon credits from the projects. The program could eventually support up to 15 million credits and restore 50,000 hectares of degraded Amazon land.
-
Targray Deal Moves Dairy RNG Into Canadian Markets
Targray is partnering with LF Bioenergy to supply dairy-based renewable natural gas to Canadian customers. LF Bioenergy will produce RNG from dairy cow manure, while Targray supports offtake, procurement, and compliance. The deal aims to expand RNG access across Canada’s industrial, commercial, and transportation markets.
-
FuelCell Energy and Fit Energy Announce Strategic Agreement for up to 380 MW of Clean Power for Data Centers
FuelCell Energy and Fit Energy signed a deal for up to 380 MW of clean on-site power for data centers. The first 30 MW is expected to begin delivery this year. The deal supports behind-the-meter power for AI and digital infrastructure using fuel cell technology.