thyssenkrupp Steel secures 230 GWh green power
New PPAs provide renewable electricity for German subsidiaries, cutting CO₂ emissions and supporting decarbonised steel production.
Image for illustrative purposes
Germany, Duisburg: thyssenkrupp Steel has finalised four Power Purchase Agreements (PPAs) securing around 230 GWh of green electricity for its German subsidiaries. The agreements with Quadra Energy, Statkraft, Centrica Energy, and Sunnic Lighthouse cover wind and solar (PV) installations across Germany, supplying thyssenkrupp Rasselstein, thyssenkrupp Precision Steel, and thyssenkrupp Electrical Steel.
Securing renewable electricity is a central part of thyssenkrupp Steel’s strategy to reduce CO₂ emissions. Philipp Conze, CFO, emphasised: “These new green power contracts advance our transformation toward CO₂-reduced production. PPAs are an essential component of our decarbonisation strategy.”
The 230 GWh volume is equivalent to the annual electricity consumption of roughly 70,000 households. The green power comes from newly commissioned solar and onshore wind farms no longer receiving state subsidies. This initiative avoids over 70,000 tonnes of CO₂ emissions each year, while keeping these unsubsidised wind farms economically viable.
Since the start of 2026, electricity from these projects has been supplied mainly to thyssenkrupp Rasselstein and Electrical Steel. In Hohenlimburg, green power from a nearby wind farm has been feeding the plant directly since summer 2024 via a three-kilometre cable – the first direct supply from a wind farm to a German industrial site. At least 30 % of electricity used by these subsidiaries is now green.
Clarissa Odewald, CEO of thyssenkrupp Rasselstein, said: “Sustainability is key for our customers. The new green electricity contracts allow us to save over 50,000 t of CO₂ annually.”
Dennis Becher, Head of Energy Management, added: “These PPAs expand our renewable portfolio and help meet the rising electricity demand as we move toward CO₂-reduced steel production.”
thyssenkrupp Steel’s broader transformation strategy, including hydrogen-capable direct reduction plants, relies on renewable electricity and energy efficiency to achieve industrial decarbonisation and support Germany’s climate goals.
Source: thyssenkrupp
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