Nucor announces collaboration with Helion

Nucor announced a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are working together to set a firm timeline and are committed to beginning operations as soon as possible with a target of 2030. Nucor is making a direct investment of $35 million in Helion to accelerate fusion deployment in the United States. This is the first fusion energy agreement of this scale in the world and will pave the way for decarbonizing the entire industrial sector. With its recycling-based production method, Nucor is already one of the cleanest steelmakers in the world. The circular nature of recycling scrap in electric arc furnaces means that Nucor’s steel mills have a greenhouse gas emissions intensity that is three times lower than the average extractive blast furnace steelmaking plants. Further, Nucor was the first major industrial company to join the UN 24/7 Carbon-Free Energy Compact, which is aimed at accelerating the decarbonization of the world’s electricity systems and ensuring access to clean and affordable electricity.