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NII report: Future of green steel means 430% increase in clean electricity demand
New report outlines the relationship between nuclear energy and steel in an age of electrification
Canada’s steel industry says it will grow its clean electricity demand significantly as it strives towards its net zero transition. This demand growth will need to be met by a clean, affordable and reliable electricity supply such as that provided by nuclear generation.
TOP TAKEAWAYS.
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Canadian steel is currently among the least carbon-intensive in the world and Canada’s steel sector is taking action to further decarbonize. By 2030, CSPA members are set to have reduced their greenhouse gas emissions (GHGs) by at least 45%—which meets and exceeds Canada’s 2030 target of 40% GHG emissions reductions.
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More green steel needs more clean electricity. On average, Canadian steelmakers indicate they expect to see a 430% increase in electricity demand by 2050 as they decarbonize their processes. From electrification to the potential role of hydrogen, to the deployment of CCS, all pathways lead to increased demand.
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Nuclear can provide the clean, reliable and affordable electricity supply to power a transition to widespread green steelmaking.
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The steel industry is looking for the greening of electricity grids across the country to help decarbonize their existing electrical production methods.
QUOTES.
“Canada’s steel producers already produce some of the greenest steel globally. But we know that we must do more. Every decarbonization pathway for steel-making will require clean, reliable and affordable electricity at a major scale. Nuclear energy could clearly play a critical role in meeting this demand.”
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Catherine Cobden, President and CEO, Canadian Steel Producers Association (CSPA)
“For years we’ve known the valuable contribution that nuclear makes to the grids it powers. Electricity supply from nuclear is safe, clean, reliable and affordable—all of which are vital attributes of the net-zero grids of the future. We’re pleased to work together with the CSPA and their members to leverage the benefits of nuclear power to support green steelmaking operations across Canada.”
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Pat Dalzell, Executive Director, Head of Corporate Affairs, Bruce Power
“This summer we surveyed CSPA members, asking about their projected demand for electricity and which attributes of a clean electricity grid are important as they transform their operations to meet decarbonization targets.”
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Chad Richards, Director of Policy & Partnerships, Nuclear Innovation Institute (NII)
