The Green Steel Revolution Is Just Getting Started
Just as important is decarbonizing steelmaking by using new technologies. Green hydrogen, which is created using renewable energy, and scaling up carbon capture and storage are both tools in the steel cleanup toolbox. A few pilot projects have yielded advancements already, showing there could be a pathway forward with smart R&D.
A partnership in Sweden delivered the world’s first green steel for commercial use earlier this year. Meanwhile, a solar-powered steel mill opened in the U.S. last month, another world-first. The Leadership Group for Industry Transition, a collection of manufacturers in hard-to-decarbonize industries and governments, has a tracker showing even more green steel projects in various stages around the world.
Policies are also ramping up to encourage more innovation. A trade agreement announced late last month will encourage the green steel industry in the U.S. and EU.
