Nucor, Helion Collaborate to Launch Historic Fusion Power Plant

SEATTLE (Scrap Monster): Nucor Corporation announced its decision to collaborate with fusion power specialist company, Helion towards development of a 500 megawatt (MW) fusion power plant. The baseload zero-carbon electricity from fusion will be offered directly to Nucor’s steelmaking facility.

According to press release issued by Nucor, both the companies are in talks to reach an agreement on a firm timeline. The direct investment of $35 million by Nucor in Helion reiterates its commitment to accelerate fusion deployment in the U.S. The world’s first large-scale fusion energy agreement aims to drive efforts to decarbonize the entire industrial sector, it noted.

Leon Topalian, Chair, President, and Chief Executive Officer of Nucor Corporation commented that the recent agreement with Helion along with its clean energy investments could bring drastic changes to the energy landscape. The company is proud to make investment in Helion’s technology, he added.

David Kirtley, CEO of Helion noted that it is proud to have investment from Nucor. The steelmaker’s commitment to provide its customers with low carbon steel and steel products makes it a great fit for deploying 500 MWe of fusion power, Kirtley said.

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