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Swiss Steel joins alternative energy consortium

Swiss Steel Group has joined the Germany-based Initiative EE-Industrie, which aims to enhance the supply of renewable energy to its operations. As a prominent electric arc furnace (EAF) steelmaker with facilities in various countries, Swiss Steel is focused on leveraging green energy to reduce its carbon footprint. The initiative involves nearly 20 small and medium-sized enterprises (SMEs) working together to build and operate wind and photovoltaic (PV) solar plants. These renewable sources are expected to produce 220 megawatts (MW) of wind power and 80 MW of solar power, requiring approximately 35-40 wind turbines and a PV system spanning 960,000 square meters (10.3 million square feet).

Swiss Steel emphasizes the importance of stable and competitive electricity prices derived from sustainable sources for the steel industry. The company’s CEO, Frank Koch, highlights the urgency for EAF manufacturers to diversify energy sources to further reduce CO2 emissions. The collaborative nature of Initiative EE-Industrie is seen as a key advantage in securing significant quantities of low-CO2 energy, optimizing green power generation costs, and leveraging bundling effects.

The consortium’s first steps involve developing a practical and legally compliant concept and establishing the economic conditions necessary to create the required infrastructure. Participants in the initiative are also advocating for political support to ensure competitive green electricity. Koch expresses enthusiasm for the initiative, underscoring its potential to not only aid Swiss Steel’s green transformation but also inspire other companies to pursue similar environmentally-friendly paths.

Full story on Recyclingtoday.com