Steel Mills
Nucor Joins UN Carbon-Free Energy Alliance
Written by Laura Miller
November 15, 2022
Nucor Corp. has become the first major industrial company to join the United Nations 24/7 Carbon-Free Energy Global Compact.
The Compact’s aim is to accelerate the decarbonization of the global electricity systems, reducing climate change, and providing access to clean and economical electricity, effectively advancing the world’s transition to a zero-carbon electrical grid.
Nucor is joined in adhering to the Compact’s principles by other energy buyers, energy suppliers, governments, system operators, solutions providers, investors, and other organizations.
Nucor plans to work with its electricity suppliers to ensure 24/7 clean energy at its steel mills.
“We applaud the United Nations, Sustainable Energy for All, Google, and the other signatories for their leadership on this issue,” commented Nucor’s chairman, president, and CEO Leon Topalian. “A sustainability movement is expanding around the world like we have never seen before, and as one of the largest recyclers on the planet, Nucor is in a position of strength to set the bar for the rest of the world.”
“In order for us to achieve a carbon-free energy future while also meeting the growing demand for energy, it is critical that we embrace all forms of clean, zero-carbon energy sources, from wind, solar and hydro, to nuclear power,” Topalian added.
Earlier this year, Nucor invested into NuScale Power LLC, a developer of small modular reactor (SMR) nuclear plants. In the past two years, the Charlotte, N.C.-based steelmaker has entered into three power purchase agreements supporting the development of solar and wind energy projects.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
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