How One Startup Is Making Steel Without Coal

What this episode covers

The steel industry generates about 7% of global CO2 emissions. A Swedish startup called Stegra, backed by over one point eight billion dollars, is building a fossil-free steel plant using green hydrogen instead of coal. Lucas and Luna explore how hydrogen-based direct reduction works, the staggering energy requirements, and whether this process can scale beyond Sweden. They also discuss the economics: green steel currently costs twenty to thirty percent more than conventional steel, but automakers like Volvo and BMW are already signing offtake agreements. This episode dives into one of the hardest-to-abate sectors and a concrete plan to decarbonize it. #Stegra #GreenSteel #Hydrogen #Decarbonization #HardToAbate #ClimateTech #Sweden #Volvo #BMW #DirectReduction #FossilFree #IndustrialDecarbonization #SteelIndustry #GreenHydrogen #CleanEnergy #Business #Technology #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

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Frequently Asked Questions

How long is this episode of The Climate Tech Podcast with Fexingo: Energy, Sustainability, and Decarbonization Companies?

This episode is 8 minutes long.

When was this The Climate Tech Podcast with Fexingo: Energy, Sustainability, and Decarbonization Companies episode published?

This episode was published on June 18, 2026.

What is this episode about?

The steel industry generates about 7% of global CO2 emissions. A Swedish startup called Stegra, backed by over one point eight billion dollars, is building a fossil-free steel plant using green hydrogen instead of coal. Lucas and Luna explore how...

Can I download this The Climate Tech Podcast with Fexingo: Energy, Sustainability, and Decarbonization Companies episode?

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