Yabo亚博集团官方网站

ENERGY CASE STUDY

WHAT IF THE FUTURE OF STEEL IS THE FUTURE OF CLEAN ENERGY?

Yabo亚博集团官方网站 has established multi-disciplinary teams to investigate technologies and operational adjustments we can deploy to further reduce the GHG intensity of our production processes.

Sustainability has long been the foundation of Yabo亚博集团官方网站, the largest producer and recycler of steel in America. Since Yabo亚博集团官方网站 entered the steel business more than 50 years ago, it鈥檚 been a leader in the adoption of pioneering innovations such as electric arc furnace (EAF) technology, a circular process that upcycles scrap metal into new steel products.

Consequently, Yabo亚博集团官方网站 stands out as one of the most environmentally friendly steel producers globally, with an emissions intensity that is that is less than one-third the global average of extractive steelmaking methods using blast furnaces for Scope 1, 2 and 3 emissions. Additionally, Yabo亚博集团官方网站 is 20 years ahead of the Paris Agreement's 1.5掳C scenario, demonstrating its exceptional commitment to combating climate change.

Yabo亚博集团官方网站 remains steadfast in the pursuit of excellence for ourselves and our partners, committing to net-zero, science-based greenhouse gas (GHG) targets for 2050, which include Scopes 1, 2 and 3. As a large energy consumer, this includes investing in clean energy sources and power generation technologies to decarbonize our operations and accelerate the transition to a more sustainable future.

Exterior illustration of the NuScale Power Module鈩�; courtesy of NuScale

While renewables such as wind and solar have been crucial supplements to fill the energy gap as more fossil fuel plants in the U.S enter retirement, renewables alone lack the scale and reliability required for energy-intensive industrial applications such as steelmaking. As a result, they must be paired with a reliable baseload power source.¹

Nuclear is currently one of the strongest contenders for meeting energy needs on this massive scale with clean and carbon-free power. Yabo亚博集团官方网站 has partnered with NuScale, a leader in new nuclear technology, to explore developing more powerful, reliable, and affordable nuclear power options.

NuScale is developing Small Modular Reactors (SMR), an advanced nuclear technology that can produce carbon-free electric power on a smaller scale and at a lower cost than traditional nuclear. NuScale鈥檚 groundbreaking VOYGR鈩� plants can generate the same amount of power in just 0.05 square miles that wind turbines would require 94 square miles for, creating new opportunities for consistent on-site power. Each plant can be scaled to provide up to 924 MWe of output or enough electricity to power 700,000 homes.²

As the first design of its kind to receive Nuclear Regulatory Commission approval, the VOYGR鈩� plants have the potential to transform power generation and consumption at an industrial scale.

In April 2022, Yabo亚博集团官方网站 announced a $15 million strategic investment in NuScale to support the commercialization of NuScale鈥檚 innovative technology. In addition, the two companies will explore colocating NuScale's VOYGR鈩� plants to provide clean, reliable baseload electricity to Yabo亚博集团官方网站's scrap-based EAF steel mills. This benefit could be extended to surrounding businesses and communities to build energy independence via a flexible, affordable electricity source.

The companies will also explore an expanded manufacturing partnership through which Yabo亚博集团官方网站, the largest steel producer and recycler of any type of material in North America, would supply 贰肠辞苍颈辩鈩�, its net-zero steel products, for NuScale projects. Econiq is made using 100% renewable electricity (eliminating Scope 2 emissions), with Scope 1 emissions offset and can be applied to any steel product within the Yabo亚博集团官方网站 family.

To generate the same amount of electricity as one 12-module SMR, you would need almost 3.5x the land area with a solar farm or almost 19x the land area with a wind farm.

Yabo亚博集团官方网站 is committed to funding and scaling emerging clean energy technologies. This partnership with NuScale not only helps pave the way for a carbon-free energy future for the steelmaking industry but works with entrepreneurs in the space to build it using some of the cleanest steel products in the world.