Arcelormittal’s Bremen steelworks
RWE and Arcelormittal cooperate on green steel
Plan includes joint bidding for offshore wind projects and developing green hydrogen supply for German steel mills
German energy company RWE and steel producer Arcelormittal have signed a memorandum of understanding to jointly develop, build and operate offshore windfarms and green hydrogen production capacity to supply Arcelormittal’s German mills. The two companies intend to jointly bid for North Sea offshore wind projects and deploy a 70MW pilot electrolyser by 2026. Long-term plans for green hydrogen production would see the companies aiming to cooperate on gigawatt-scale projects, subject to state funding being secured. “Electricity from renewable energies and green hydrogen must become trademarks of industrial production in Germany,” says Sven Utermohlen, CEO of offshore wind for RWE Renewables. “I
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
