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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory