Based on initial forecasts, the consortium will require a total output of 220 MW of wind power and 80 MW of photovoltaics. These impressive figures correspond to around 35-40 modern wind turbines and a ground-mounted PV system of 960,000 square meters. The importance of a stable and competitive electricity price from sustainable sources for the steel industry cannot be overemphasized. Especially on the electric arc furnace route, where we as Swiss Steel Group operate as a leader, the availability of affordable green electricity is crucial for our further decarbonization efforts. Frank Koch, CEO of Swiss Steel Group, emphasizes the importance of this step: "As a manufacturer on the electric arc furnace route, we are aware of the urgency to diversify our energy sources in order to reduce our carbon footprint even further. The initiative firmly believes that a collaborative approach offers the most promising opportunity to secure much-needed quantities of low CO2 energy, leverage bundling effects and optimize the cost of green power generation."
As a first step, the participating companies have commissioned the development of a practicable and legally secure concept and to determine the economic framework conditions. At the same time, the participants in this pioneering initiative are urging politicians to work towards competitive green electricity.
Frank Koch, CEO of Swiss Steel Group, comments on the participation in the initiative as follows: "We are electrified by the opportunity to become not only consumers but also producers of green energy. The transformation to CO2 -neutral processes is crucial for the steel industry, and stable energy prices play a central role in this. As a company that is one of Europe's leading green steel producers, we see it as our responsibility to continue to actively contribute to decarbonization and expand our role as a trendsetter. But to do this, we need a competitive overall price for green electricity. We hope that our joint efforts with the "Initiative EE-Industrie" will not only drive our own green transformation, but also set an example and inspire other companies to follow suit."
As this year's winner of the German Sustainability Award, Swiss Steel Group is determined to further expand its role as a pioneer in sustainable steel production and to make an additional contribution to achieving climate targets through innovative solutions and partnerships.
For further information please go to: https://swisssteel-group.com/fr/durabilit%C3%A9/green-steel