Synopsis: Uğur Dalbeler, vice president of the Turkish Steel Exporters' Association, highlighted the importance of green transition in the steel industry during the "EU Carbon Border Adjustment Mechanism and Green Transformation" conference. He discussed Turkey's position as a leading producer of clean steel, but pointed out the challenges in reducing logistics-related emissions.

Synopsis: Green steel demand in Europe is still highly regionalized, with Nordic countries leading the charge. Premiums for green steel have slightly increased due to limited supply and demand, with most steel suppliers unwilling to lower prices significantly. Publicly traded companies are increasingly prioritizing sustainability, though economic challenges hinder broader adoption of green steel, especially in Southern and Central Europe. The premium for steel with reduced carbon emissions varies, with a significant increase in premiums for lower-emission steel from blast furnaces.

Synopsis: Ontario’s labour ministry is looking into a roof collapse at Algoma Steel, which occurred due to heavy snow but caused no injuries.

Synopsis: ARENA has committed almost A$400 million to renewable energy projects in 2023-24.

Synopsis: Researchers caution that relying on hydrogen for energy-intensive industries in Germany may be inefficient and costly, suggesting alternatives instead.

Synopsis: The leader of North Lincolnshire Council urges the Government to provide real investment in British Steel to secure thousands of jobs at the Scunthorpe plant.

Synopsis: Steel Dynamics has been awarded the Thoroughbred Sustainability Partner Award by Norfolk Southern for its leadership in energy efficiency and environmental stewardship. This recognition reflects the company's commitment to innovative solutions that enhance efficiency and promote material conservation.

Synopsis: ARENA has granted A$10 million to Fortescue for fast chargers in mining.

Synopsis: Oman and Belgium are enhancing their cooperation in green hydrogen production, transportation, and utilization through a new agreement.

Synopsis: The World Bank has approved $660 million to expand Turkey’s low-carbon railway network, enhancing efficiency and sustainability.

Synopsis: ArcelorMittal’s recent delay in green steel initiatives is harming both the European steel sector and climate goals. Despite receiving significant subsidies, the company’s backtracking risks long-term industry sustainability.

Synopsis: Epico Klimainnovation report delves into the challenges and opportunities for achieving climate neutrality in the European steel industry, with 15 actionable policy recommendations for decarbonization, focusing on energy access, hydrogen use, and market reforms.

Synopsis: Over the past six months, Europe has ramped up its financial support for the decarbonization of its steel industry. With new projects and subsidies totaling €14.6 billion, the region is making significant strides toward achieving its green goals.

Synopsis: Japan plans to implement mandatory carbon trading starting in 2026, which could raise costs for steelmakers and complicate competition, especially with China. While some view the policy as a catalyst for decarbonization, others worry about its impact on Japan’s steel industry and global market position.

Synopsis: Westview Group plans to build a $750 million steel mill in Brisbane to secure the future supply of reinforcing steel, addressing concerns over reliance on Chinese imports and the instability surrounding key suppliers like Sanjeev Gupta's steel empire.

Synopsis: Outokumpu’s Circle Green® stainless steel solution has helped companies in Europe and Asia reduce over 50,000 metric tons of carbon emissions since its launch. As part of the company's sustainability strategy, Circle Green® offers up to 93% lower carbon footprint compared to conventional steel, with plans for expansion in 2025. The growing demand for green steel reflects industries’ increasing focus on sustainability and climate targets.

Synopsis: DAVID ROL, based in France, has partnered with ArcelorMittal to reduce its carbon footprint by incorporating XCarb® low-carbon steel tubes in its conveyor roller products. This collaboration supports DAVID ROL's commitment to sustainability and aligns with global efforts to reduce CO₂ emissions.

Synopsis: The window for financing green transition projects in heavy industries, including steel and aluminium, is closing. Urgent action is required to meet 2030 emission targets, with major gaps in investment and project financing.

Synopsis: Maybank has expanded its decarbonization targets, focusing on the Steel and Aluminium sectors, and has committed to achieving net-zero emissions by 2050. The bank is committed to driving sustainability in key industries with science-based targets.

Synopsis: Origami Solar partners with Unimacts to establish a steel frame production line in Houston, Texas, revolutionizing the US solar industry with a domestic supply chain.

Synopsis: India's rapidly expanding steel industry, powered predominantly by coal-based blast furnaces, poses a significant obstacle to the country's net-zero carbon emissions target by 2070. Despite ambitious economic and infrastructure goals, experts warn that the country’s coal-driven steel production could result in catastrophic emissions that undermine climate progress.

Synopsis: China is gathering public feedback on new rules for measuring steel industry emissions. These guidelines are part of efforts to prepare steelmakers for the country's expanding carbon market, which aims to cover 70% of emissions by 2030.

Synopsis: Western Australia is poised to lead the world in green iron production, with the potential to reduce global emissions by 1.2% by 2050 and generate billions in economic value. This article explores the findings of a new report, which outlines the pathway for WA to become a global leader in low-emission steelmaking while creating thousands of jobs.

Synopsis: Arthur D. Little highlighted the growing importance of scrap in the transition to green steel production. As European steel mills increase their DRI-EAF capacities, scrap demand is set to surge. However, a new scrap shortage is looming, and Turkey may need to diversify trade routes to navigate these challenges.

Synopsis: The Tata Steel/Port Talbot Transition Board met for the ninth time on November 14, 2024, to discuss vital plans aimed at supporting the local community and transitioning the region's economy. This includes a £13 million Business Start-Up, Growth, and Resilience Fund to help local businesses, Tata Steelworkers, and their families diversify and create new opportunities. The board also received updates on decarbonisation efforts and steel policy changes.

Synopsis: GGRP, Indonesia’s top steel manufacturer, is unveiling its strategy to become Asia’s leader in low-carbon steel production. With a focus on technology, scrap utilization, and export expansion, GGRP is setting a course to meet global sustainability goals while driving profitability.

Synopsis: Brazilian steelmaker Gerdau, in partnership with Newave Energia, will build a solar park in Barro Alto, Brazil. The project, costing $211.7 million, will have a capacity of 452 MWp and reduce the company’s emissions by 65,000 metric tons per year, powering 66% of Gerdau's steel production units with renewable energy.

Synopsis: As the steel industry faces growing pressure to decarbonize, steel scrap has emerged as a critical resource, akin to the "new gold" for producers. With green technologies like electric arc furnaces and direct reduced iron on the rise, scrap steel is set to play a key role in transforming the sector. But as demand for this valuable material grows, securing sufficient scrap is becoming an intense global race. The outcome will have significant implications for the future of sustainable manufacturing, supply chains, and the circular economy.

Synopsis: Greenwave Technology Solutions, a leader in metal recycling across Virginia, North Carolina, and Ohio, has made strategic moves to enhance its market position. The company’s acquisition of key real estate and strong ties with industry leaders position it well for growth as the scrap metal market consolidates.

Synopsis: Tata Motors and Tata International have inaugurated a new vehicle scrapping facility in Pune, with an eco-friendly approach to disassemble 21,000 vehicles annually.

Synopsis: Dragon Steel Corporation’s hot-rolled steel and slabs pass UL 2809 certification, promoting low-carbon and sustainable manufacturing in Taiwan.

Synopsis: CMC is recognized for its exceptional commitment to sustainability, earning a place on Newsweek's prestigious "America's Most Responsible Companies" list for 2025.

Synopsis: This article reviews various carbon capture technologies within heavy industries like steel, cement, petrochemicals, and fertilizers. It evaluates their effectiveness in reducing carbon emissions, comparing their scalability, efficiency, environmental impact, and socio-economic feasibility. Insights are particularly relevant for policymakers in both emerging and developed economies, aiming to drive industrial decarbonization.

Synopsis: China’s real estate and steel sectors unite for low-carbon solutions, aiming to cut emissions and meet climate goals.

Synopsis: The European steel industry is in deep crisis, with production cuts and plant closures. Urgent action is needed to secure its future and green transition, warns EUROFER.

Synopsis: SSAB has been granted SEK 1.45 billion from the EU’s Just Transition Fund and the Swedish Agency for Economic and Regional Growth. This funding will support SSAB’s transition to fossil-free steel production in Luleå, Sweden, reducing carbon emissions and helping the company remain competitive. The project includes the replacement of coal-based systems with electric arc furnaces and is expected to cut Sweden’s CO2 emissions by 7%. The funding is crucial for both SSAB’s operations and Sweden's broader climate goals.

Synopsis: The EU's Carbon Border Adjustment Mechanism is causing concern in poorer countries, with trade barriers potentially hurting their economies while aiming to curb carbon leakage. Similar taxes are under consideration by the UK, Australia, and the US.

Synopsis: Stegra and Uniper sign a long-term electricity supply agreement for a green steel project in Sweden, securing 6 TWh of power over six years.

Synopsis: Hyundai Steel and Hyundai Engineering & Construction have announced a new initiative to integrate carbon-reduced steel and cement into building materials. This strategy aims to reduce carbon emissions in the construction industry by switching to more sustainable materials, with potential for widespread impact in future construction projects.

Synopsis: SSAB and Snop have entered into a long-term partnership to provide fossil-free steel for automotive components. This collaboration will help Snop reduce its CO2 emissions by 30% by 2030 and support the automotive industry in meeting sustainability goals. By leveraging SSAB’s innovative HYBRIT® technology, the partnership promises a greener future for steel production, offering high-quality, low-emission steel for the automotive sector.

Synopsis: At the "Shaping the Steel Strategy" summit, UK Secretary of State Jonathan Reynolds MP outlined the government’s vision to revitalize the steel industry, focusing on innovation, low-carbon methods, and strategic investments.

Synopsis: Outokumpu is investing in a €40 million biocarbon plant in Germany to cut its carbon footprint. The project will help reduce emissions in the company's ferrochrome production process, advancing sustainability in the steel industry.

Synopsis: AZA Aceros, a leading Chilean steel company, has been recognized with the "Impacto Positivo" award by Los Héroes Caja de Compensación for its remarkable achievements in social, environmental, and business sustainability. The award highlights AZA’s initiatives like AZA Contigo, its collaboration with the Base Recycler Network, its support for local entrepreneurship through Colina Emprende, and its commitment to achieving Net Zero emissions.

Synopsis: Ternium, a member of the Techint Group, has been awarded a prestigious recognition by the Argentine Business Council for Sustainable Development. The company was honored for its efforts in contributing to Sustainable Development Goals, particularly in initiatives focused on strengthening public welfare organizations, educational programs, promoting diversity, and supporting sports.

Synopsis: Rio Tinto and Imperial College London launched the Rio Tinto Centre for Future Materials to accelerate the development of sustainable technologies vital for the energy transition.

Synopsis: Lakshmi Mittal, Executive Chairman of ArcelorMittal, emphasizes that clear political decisions by the European Union will determine the future of the steel industry, especially concerning the green transition. The right policies can activate crucial investments and help the industry thrive despite challenges such as overcapacity and rising imports.

Synopsis: The European Commission is contemplating extending steel import restrictions to safeguard its industry during the decarbonization process, amidst rising energy costs and challenges posed by Chinese overcapacity.

Synopsis: Turkey is on track to launch its carbon market, with the pilot phase of its Emissions Trading System set to start in early 2025. The move is part of a broader strategy to reduce emissions and transition to cleaner energy sources while navigating challenges posed by the EU's carbon border adjustment mechanism.

Synopsis: The LIFE H2Reuse project, backed by the EU, seeks to revolutionize the bright annealing process by recovering and reusing hydrogen. Coordinated by DMV, with Tenova as a partner, the initiative aims to reduce emissions and improve energy efficiency in stainless steel and nickel alloy tube production.

Synopsis: Scaw Metals, a leading South African steel producer, has launched its new hot-strip mill complex at its Johannesburg Works, marking a major expansion into flat products. The complex incorporates cutting-edge technologies from Danieli Green Steel, focusing on energy efficiency, reduced emissions, and enhanced product quality. The new mill is set to increase production capacity and support sustainable steel production, with a focus on serving both the Barnes Group’s pipe mills and other industries in sub-Saharan Africa.

Synopsis: Tata Steel awarded SMS group the prestigious "Technology Partner of the Year 2024" title on November 21, 2024, in recognition of their successful collaboration in commissioning key projects at the Kalinganagar site, including Caster 2 and BOF. SMS's partnership extends to Tata Steel’s decarbonization journey, with the development and trial of the EASyMelt technology, aiming to significantly reduce CO2 emissions.

Synopsis: BHP and HBIS Group have signed a new MOU to strengthen their partnership in decarbonizing the steel industry. Building on previous successful projects, the new agreement aims to explore carbon reduction technologies and create scalable solutions that drive sustainability in steel production.

Synopsis: Green & Clean Power has secured $300 million to build a solar-plus-storage project in Osceola, Arkansas, which will support a steel rebar mill and potentially power third-party customers in the future.

Synopsis: Konepeikko Oy, a Finnish recycling services provider, has contracted Primetals Technologies to supply a state-of-the-art torch-cutting machine. This cutting-edge solution, to be installed at Ovako Imatra Oy’s steelworks in Imatra, Finland, will significantly improve scrap processing efficiency. Key benefits include zero dust emissions, reduced noise levels, and enhanced safety. The machine will help Konepeikko meet the growing demand for steel scrap, supporting the transition to green steel production.

Synopsis: Rana Gruber ASA, Norway’s sole iron ore producer, has signed a new contract with contractor HJH to manage the operations of the Stensundtjern open-pit mine. Production, expected to start in late 2025, will significantly boost magnetite output, with a continued focus on high-quality, cost-efficient operations.

Synopsis: The debate at Kallanish Green Steel Strategies in Brussels highlighted the key barriers hindering Europe’s transition to a low-carbon steel industry. Challenges discussed included high energy costs, regulatory uncertainty, supply chain limitations, and the need for clearer green steel definitions. Industry leaders emphasized the urgent need for cohesive policies and infrastructure to support decarbonization efforts.

Synopsis: This article discusses the recent decision by ArcelorMittal to delay its transition to hydrogen-based "green" steel production, amid the EU’s green transition efforts. The article also covers the upcoming visit by the European Commission’s new executive vice-president, Teresa Ribera, to ArcelorMittal’s facilities in Ghent, Belgium.

Synopsis: Bette, a German brand known for high-quality bathroom products, has embraced "green steel" in its designs. This move supports their sustainability goals and reduces their carbon footprint.

Synopsis: The iron and steel industry is one of the largest contributors to global emissions, and with growing demand for steel, decarbonizing the sector is becoming urgent. This paper evaluates the feasibility of financing a green hydrogen-based ironmaking plant in a developing country, focused on exporting green iron to developed markets for steel production. It explores the challenges and potential solutions, including commercial structures and the necessary financial support.

Synopsis: Erdemir, a Turkish steel giant, has outlined a comprehensive $3.2 billion investment plan, marking a significant commitment to the future of sustainable steelmaking. Despite global economic uncertainties, the company remains focused on innovation and environmental transformation, with major projects underway to reduce carbon emissions and improve efficiency in steel production.

Synopsis: This article explores the financing and feasibility of establishing a green hydrogen-based ironmaking plant in a developing country. It focuses on the technical, market, and financial challenges in transitioning to green steel production, with an eye on exporting green iron to developed nations.

Synopsis: EMR Reusable Steels has pioneered the use of ultra-low-carbon steel sections, which offer a 97.5% reduction in carbon emissions compared to traditional steel. The company’s efforts are transforming the construction industry by promoting the reuse of steel from end-of-life buildings in new developments.

Synopsis: Malben Engineering, a leading South African manufacturer of automotive components, has won the prestigious environmental stewardship award for pioneering the use of green steel in collaboration with international partners. This achievement marks a significant step towards sustainability and decarbonization in the local steel and automotive sectors.

Synopsis: Oleksandr Povazhnyi, Rector of Metinvest Polytechnic, emphasizes that Ukraine’s iron and steel sector has the potential to become the cornerstone of the nation's economic revival, with a focus on innovation, education, and sustainability.

Synopsis: The DESSERT project, which aims to advance hydrogen storage technology using innovative stainless steel pipes, has launched with support from the EU's Research Fund for Coal and Steel. The project will contribute significantly to hydrogen as a sustainable energy source.

Synopsis: The push for green steel is growing, but the environmental impact of ship recycling in countries like India, Pakistan, and Bangladesh complicates the promise of sustainable steel production.

Synopsis: Aceros Arequipa has been awarded the "ESG Sustainability Award" in the Environmental category and was a finalist in the Responsible Production and Consumption category at the III ESG Awards by Semana Económica. The recognition highlights the company’s groundbreaking project on Non-Ferrous Metal Recovery, which has significantly optimized operations and generated substantial revenue.

Synopsis: COP16, hosted in Saudi Arabia from December 2-13, 2024, aims to address global land degradation, desertification, and drought through multilateral efforts, innovative solutions, and international collaboration.

Synopsis: COP29's talks falter, with oil-producing nations accused of weakening the climate deal on fossil fuels.

Synopsis: Talks to combat plastic pollution collapse due to divisions between high-ambition countries and oil-producing nations. The delay risks further environmental damage.

Synopsis: Greenpeace activists are protesting to demand stronger commitments to reduce plastic production at the ongoing UN plastics treaty negotiations in South Korea.

Synopsis: Greenpeace activists have boarded a tanker in South Korea, calling on world leaders to curb plastic production at UN treaty talks.

Synopsis: A study explores the confusion between carbon emissions and carbon footprints in transportation, highlighting the need for clear definitions and standardized methods for measuring these critical environmental impacts in the drive for decarbonization.

Synopsis: As climate change accelerates, some regions are experiencing heatwaves far more extreme than predicted. These hotspots, showing rapid warming, are becoming increasingly dangerous. Scientists are still unsure of all the causes, but the results are clear: severe health, agricultural, and infrastructure challenges are on the horizon.

Synopsis: Climate change is increasing flood risks globally, with events like Storm Bert causing widespread devastation. As the atmosphere warms, more extreme weather events, like intense rainfall and flooding, are becoming more common. The failures in infrastructure and lack of preparedness amplify the dangers.

Synopsis: Recent research reveals how the accelerated melting of Arctic ice is destabilizing the Atlantic Meridional Overturning Circulation. This ocean current system, essential for regulating global climate patterns, is weakening, which may cause drastic shifts in weather and ecosystems around the world.

Synopsis: A new study predicts that by 2100, up to 70% of residents in southeastern US coastal communities will face daily exposure to shallow groundwater, compounding other climate hazards such as flooding, erosion, and subsidence.

Synopsis: A new model shows how increasing CO₂ emissions are causing ocean acidification to penetrate deeper into the oceans, affecting marine life. This acidification is harming species like corals and pteropods, whose survival depends on more alkaline waters.

Synopsis: Baosteel has made a major breakthrough in green steel technology by successfully delivering the first batch of BeyondECO-30% hot-rolled low-carbon emission products. This achievement highlights Baosteel's commitment to sustainability and its leadership in the steel industry's low-carbon transformation.

Synopsis: In late November 2024, the green steel market in Europe showed weak demand, with many industry players delaying purchases due to economic headwinds, particularly in key sectors like automotive and construction. The market for decarbonized steel, which has higher premiums due to lower carbon emissions, has been slow to pick up, even as steelmakers face challenges in pushing price increases for conventional steel.

Synopsis: The inaugural summit on green, low-carbon, and high-quality development of metallurgical mines was held to discuss the future of the industry in line with the national dual carbon strategy. Baowu Resources, as a leader in green metallurgy, unveiled new projects and research to support a low-carbon steel supply chain.

Synopsis: Green steel premiums are gaining traction in some sectors, but achieving widespread adoption will require clearer regulations, defined standards, and greater supply. Industry leaders discussed these challenges at the Kallanish Green Steel Strategies event in Brussels, pointing to growing demand but highlighting obstacles that hinder the industry's full potential.

Synopsis: Tata Steel Nederland and Deutsche Bahn Cargo have reached a significant milestone in reducing CO₂ emissions. By transporting steel coils via train powered by green electricity, over 80% of their steel transport by rail is now CO₂-free. This move is part of Tata Steel's ongoing commitment to sustainability and greener logistics.

Synopsis: ArcelorMittal is committed to helping decarbonize the transport sector, with a focus on sustainable rail solutions. Through innovations like electric arc furnaces and a strong emphasis on recycling, ArcelorMittal is playing a key role in reducing the environmental impact of rail transportation.

Synopsis: Tata Steel Nederland has launched a sustainable logistics solution, shifting steel transport from trucks to ships. This change will reduce road transport by 91%, cutting 320,000 kilometers and contributing to a greener future.

Synopsis: Borçelik, in collaboration with Borusan Holding and ArcelorMittal, is investing approximately 294 million Turkish liras to construct the Borçelik Wind Power Plant 7 in Çanakkale province. This plant will produce clean energy, primarily for Borçelik's own facilities, while contributing to Turkey's renewable energy capacity.

Synopsis: Minnesota State Auditor Julie Blaha recently visited the Mesabi Metallics project site, emphasizing the importance of the facility to the state's economy. The project, set to produce Direct-Reduction grade iron ore pellets, will support the global transition to green steel, reduce carbon emissions, and create thousands of local jobs.

Synopsis: Strategic Resources Inc has entered into definitive offtake agreements with Javelin Global Commodities to procure iron ore concentrate and sell iron ore pellets from its planned pelletizer facility at Port Saguenay, Québec. These agreements, along with a secured working capital facility, mark a major milestone in the development of the High Purity Iron Pellet Plant.

Synopsis: ArcelorMittal, the world's largest steel producer, is facing increased scrutiny over its repeated delays in the decarbonisation of its European operations. Climate campaigners at SteelWatch have raised concerns about the company’s lack of urgency in meeting its climate targets, especially after securing billions in public subsidies. The company’s repeated failure to follow through on its commitments is seen as a strategic move to extract more subsidies while avoiding meaningful action to address the climate crisis.

Synopsis: ArcelorMittal has announced a delay in making a final investment decision on its hydrogen-fed direct reduced iron plant in Gijon, Spain. The company cited unfavorable political developments, slow progress in green hydrogen technology, and uncertainties surrounding the European regulatory framework as key factors. Despite securing funding, ArcelorMittal is waiting for clearer policies before committing to the project.

Synopsis: The EU's Carbon Border Adjustment Mechanism has been described as a "bureaucratic monster" with its flaws, but also as an essential tool for reducing carbon emissions and ensuring fair competition in the global steel market. While there are concerns over its complexity, experts agree that it is a step in the right direction for addressing carbon leakage and promoting low-emission steel production worldwide.

Synopsis: Ukrainian companies, particularly in the steel sector, are facing numerous challenges in preparing reports for the EU’s Carbon Border Adjustment Mechanism. With issues such as insufficient expertise, complex methodologies, and limited government support, many firms are turning to external consultants for assistance.

Synopsis: In a landmark collaboration aimed at transforming India’s steel industry, Steel Authority of India Limited and John Cockerill India Limited have signed a Memorandum of Understanding to drive innovation in steelmaking, focusing on green technologies and sustainable steel production. The partnership will focus on Cold Rolling, Green Steel, and Silicon Steel, with the goal of advancing energy-efficient, low-emission steel production techniques.

Synopsis: SMS Group is working with SSAB to build one of the world’s most powerful electric arc furnaces in Sweden, which will significantly reduce carbon emissions and support SSAB’s fossil-free steel production goals. This new furnace, equipped with advanced power systems, will help the steel industry become more sustainable and energy-efficient.

Synopsis: Blastr Green Steel has signed a Memorandum of Understanding with INTERFER Edelstahl Group, agreeing to supply 150,000 metric tons of ultra-low CO₂ steel products annually. This partnership supports the growing demand for green steel in Europe, with a goal to drastically reduce carbon emissions in steel production.

Synopsis: India’s steel industry faces the dual challenge of meeting growing demand while also reducing its carbon footprint. Induction furnaces and electric arc furnaces , which already contribute significantly to India’s steel production, hold immense potential in helping the country achieve its decarbonisation goals. However, for these plants to play a critical role in India’s green steel future, challenges such as high capital costs, outdated infrastructure, and inadequate recycling must be overcome.

Synopsis: A recent survey shows that major steel companies are failing to transition to renewable energy sources. This is concerning because the steel industry is one of the largest carbon emitters globally, responsible for about 7% of global greenhouse gas emissions.

Synopsis-. With an investment of $7.16 million, the facility will generate energy to power Borçelik's operations, marking a step toward sustainable industrial practices.

Synopsis: Krakatau POSCO, a joint venture between POSCO and PT Krakatau Steel in Indonesia, has commissioned a 1.12 MWp solar power plant at its hot rolling facility. The new plant will generate over 1.6 GWh of clean electricity annually, reducing operational costs, boosting competitiveness, and cutting emissions in line with global decarbonization goals.

Synopsis: Kroman Çelik Sanayi, a leading Turkish steel producer, has begun the environmental impact assessment process for its second solar power plant project in Erzurum. With a planned investment of $17.49 million, the plant will generate renewable energy to power its operations, with excess electricity sold to the grid.