Google Backs Swedish Green-Steel Project to Tackle Rising Emissions
4 Articles
4 Articles
Search giant Google has agreed to purchase environmental certificates linked to steel manufacturer Stegra's production in Boden, Stegra writes in a press release.
Google backs Swedish green-steel project to tackle rising emissions
Google is backing the buildout of a novel green-steel mill in Sweden as the tech giant grapples with rising greenhouse gas emissions from its AI expansion. On Thursday, the company said it is partnering with Stegra to help bring the Swedish firm’s flagship facility online. Unlike traditional coal-fueled mills,…
Search giant Google has agreed to purchase environmental certificates linked to steel manufacturer Stegra's production in Boden, Stegra writes in a press release. The certificates - which apply to steel volumes of up to 91,000 tons in the first year - contribute to increasing the global supply of steel with near-zero emissions, so-called green steel, according to the company. The parties also agree that new volumes can be added during the agreem…
After the acute financial crisis, Stegra is taking new steps to strengthen its cash flow. Now tech giant Google is stepping in as a customer – but not buying a single kilo of physical steel.
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