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
Read more from Laura MillerLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.