(FILES) The construction site of Stegra's green-steel plant is pictured on June 10, 2025, in Boden, Northern Sweden. The Swedish Energy Agency said on November 26, 2025 it was giving some USD 40 million in support to low-carbon steelmaker Stegra, amid fears surrounding the ambitious startup's finances. Stegra is building a new steel mill it says will produce steel using technology that gives off 95 percent less CO2 emissions than traditional methods. Approximately 60 percent of the work has been completed. In October, Stegra announced another round of financing to bring in an additional 10 billion kronor (USD 1 billion) to cover higher project costs. (Photo by Jonathan NACKSTRAND / AFP via Getty Images)