Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
November 26, 2024

Stegra and Axpo sign 2 TWh electricity deal

Newsfeed
Stegra and Axpo sign 2 TWh electricity deal:

STOCKHOLM, Nov. 26, 2024 /PRNewswire/ — Axpo Nordic and Stegra have signed a power purchase agreement for the supply of electricity to Stegra’s integrated green hydrogen, green iron and green steel production plant in Boden, northern Sweden.

Under the agreement, Axpo Nordic will supply 2.25 TWh of electricity over three years, starting in 2027, to Stegra’s facility in Boden, which is currently under construction. Both parties see this agreement as the beginning of a longer business relationship and an important element of the electricity supply to Stegra’s plant, which will produce green hydrogen, green iron and green steel at large scale.

“Axpo is a great example of an innovative player on the electricity market and a good partner for us at Stegra in securing fossil-free electricity for our large-scale production of hydrogen, iron and steel in Boden. The delivery of this power volume is another important building block in our energy portfolio and furthers our purpose to decarbonize hard-to-abate industries,” says Arne Österlind, Head of Energy Portfolio at Stegra.

“Our partnership with Stegra further demonstrates Axpo’s commitment to facilitating the transition to a low-carbon economy. It is especially rewarding for us to work with a company whose business case has the potential to revolutionize the steel industry and reduce its carbon footprint. We hope to continue supporting Stegra, both in Sweden and other countries where it plans to expand,” says Axpo Sverige AB Managing Director Tomas Sjöberg.

Axpo Nordic is a subsidiary of the Axpo Group, a leading international energy company headquartered in Switzerland. Operating in the Nordic and Baltic energy markets, the subsidiary has a particular focus on electricity trading, renewable energy solutions, and energy-related services. A pioneer of power purchase agreements in the Nordics, the company secured its first PPA almost 20 years ago. Axpo Nordic currently has 24 TWh of renewable power from wind and solar under management in the region and manages 3.5 GW of renewable power annually.

For more information, contact: Karin Hallstan, Head of Public and Media Relations, Stegra at [email protected] or +46 79 006 03 99

Additional information Axpo Holding AG, Corporate Communications, T 0800 44 11 00 (Switzerland) | T +41 56 200 41 10 (International), (Available 8.00 a.m. to 5.30 p.m.) [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/stegra/r/stegra-and-axpo-sign-2-twh-electricity-deal,c4071640

The following files are available for download:

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
November 26, 2024

New Fortress Energy Financing Update

NEXT ARTICLES
Home > Industry News
November 26, 2024

Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program

Comments are closed.
Related Post
September 19, 2024
BP to sell its US onshore wind
December 24, 2024
Commission approves €3 billion German-Dutch State aid
April 22, 2024
Exowatt Launches with $20 Million to Modernize
September 11, 2024
Hecate Energy Selects Bechtel to Deliver Sunfish

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.