Expert doubts Stegra should get more public funds: ‘It’s a very risky project...they lack transparency’
7 dec. 2025
22:14
Green steel startup Stegra is facing growing doubts over its €6.5 billion plant in Boden, northern Sweden.
One expert close to the project is questioning the project's claimed progress, overall transparency, and its case for more government backing.
One expert close to the project is questioning the project's claimed progress, overall transparency, and its case for more government backing.
Stegra, Europe’s most high-profile green steel startup, is facing mounting doubts over its financial and operational viability, raising questions about whether further Swedish government support is justified, according an well-regarded academic close to the project.
Ossi Pesämaa, Associate Professor at Luleå University of Technology (located 35km from Stegra's plant) and an expert on megaprojects, said the case for further public investment is “highly questionable.”