Stegra and Meta Sign Multi-Year Agreement for Green Steel Environmental Attribute Certificates

Stegra has signed a multi-year agreement with Meta for environmental attribute certificates (EACs) linked to its green steel plant in Northern Sweden, which is under construction. PR Newswire announced the agreement on November 12, 2026.

How the Stegra and Meta Certificate Deal Works

Under the agreement, the EACs associated with the physical steel are verified by an accredited third party. Meta is purchasing the certificates to drive demand for lower carbon materials, address emissions in its supply chain, and help scale and finance early-stage manufacturing. Steel is one of the largest sources of embodied carbon in data center construction, and conventional steelmaking has few commercially proven alternatives at scale.

Stegra's steelmaking process is based on green hydrogen and renewable electricity, allowing for up to 95% reduction of CO2 emissions compared with conventional blast furnace-based steelmaking. The method decouples the environmental attributes from the physical product, also known as book-and-claim. The physical steel is delivered without the environmental attributes, and the buyer of that steel does not make environmental claims on it, so the emissions benefit is attributed solely to the EAC holder. Stegra applies book-and-claim to the non-prime steel it produces, which is made in the same process as the rest of its production volumes.

"The market for green steel is still in its early stages, and physical supply has not caught up with demand," said Devon Lake, Head of Net Zero Strategy at Meta. "Environmental attribute certificates let us act on those emissions now, with third-party verification, and direct demand toward production that is still coming online."

Meta is part of the RMI Sustainable Steel Buyers Platform, a group of companies in sectors with high steel usage that are committed to facilitating low-emission steel procurement. On November 12, 2026, Crypto Briefing reported that Meta announced multi-year agreements with Fortera and Nevoya to support low-carbon cement and electric trucking for its data center construction.

Stegra's Funding and Ownership Records

Stegra closed a €1.4 billion financing round in June 2026 led by Wallenberg Investments, with a €250 million contribution from the lead investor, alongside IMAS, Temasek, Bolero, SEB-Stiftelsen, Altor, Hy24 and Just Climate, according to akta.pro company records. The same records show second-lien lenders converting to equity, with the Wallenberg-led consortium controlling over 90% of Stegra through new Stegra Holding AB. The Boden plant is planned for annual production capacity of up to 5 million tonnes of green steel by 2030, with operations targeted to start in 2027.

Earlier Stegra Certificate and Financing Moves

On September 17, 2026, Google agreed with Stegra to purchase environmental attribute certificates for up to 91,000 tonnes of steel from Stegra's production in Sweden, PR Newswire reported. On September 30, 2026, Kinnevik said it would not participate in a new financing round for Stegra's steel project in Boden, according to the company's communications and IR chief Hannah Björk, Dagens industri reported. Stegra's new owners completed a 100-day review and appointed Håkan Buskhe as CEO, PR Newswire reported on September 30, 2026.

Stegra's Next Steps at Boden

Stegra's Boden plant is under construction, with operations targeted to start in 2027. The company's own EACs for steel page describes the book-and-claim method behind the certificates.