Green steel offsets? How Stegra's new deal with Microsoft will actually work
24 sep. 2025
20:59
Microsoft has struck a deal with Swedish startup Stegra to source green steel for its data centres. The twist? Some of it arrives without the steel at all.
We spoke to Stegra's head of climate, Johan Reunanen, to find out more.
We spoke to Stegra's head of climate, Johan Reunanen, to find out more.
On Tuesday, Stegra – the Swedish company building a factory in Northern Sweden to produce more climate friendly steel – revealed not one, but two separate deals with Microsoft.
The US tech giant is facing soaring demand driven by AI models and cloud services, thus scaling up to build 50–100 new data centres every year. To meet this need, it has struck a seven-year offtake agreement with Stegra. Through this deal, Microsoft commits to buying future volumes of Stegra’s low-c...