Vattenfall and Salzgitter AG Form Green Power Partnership

Paving the Way for a Sustainable Steel Industry

A Symbiotic Alliance for Carbon Reduction

In a groundbreaking move, Vattenfall, a leading European energy provider, and Salzgitter AG, a renowned German steel producer, have joined forces to establish a comprehensive green power partnership.

The partnership aims to accelerate Salzgitter AG's ambitious goal of becoming the first climate-neutral steel producer by 2033. Vattenfall will supply Salzgitter AG with long-term, competitive electricity from renewable sources, primarily wind and solar.

This agreement is a significant step towards decarbonizing the steel industry, a sector responsible for approximately 7% of global CO2 emissions.

Key Components of the Partnership

• Long-term supply of renewable electricity from Vattenfall
• Innovative solutions to integrate renewable energy into steel production processes
• Joint research and development to drive technological advancements in emissions reduction

Benefits for Salzgitter AG

• Secure and reliable supply of green electricity
• Reduced carbon footprint and enhanced sustainability profile
• Increased competitiveness in a market demanding environmentally friendly products

Benefits for Vattenfall

• Long-term offtake agreement for its renewable energy portfolio
• Contribution to the decarbonization of a key industrial sector
• Strengthening of its position as a leading provider of renewable energy solutions

Outlook for the Future

This partnership is anticipated to have a profound impact on the steel industry, setting an example for other companies to pursue sustainable practices.

Moreover, it highlights the growing collaboration between the energy and industrial sectors, emphasizing the importance of cross-industry cooperation in achieving ambitious climate targets.

Additional Information

For more details on the partnership, please refer to the official press release from Vattenfall here or Salzgitter AG here.