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ArcelorMittal Europe – Flat Products
ArcelorMittal Europe – Flat Products
“In 2016, wind turbines accounted for 15 to 20 percent of our output,” notes Laurent Plasman, Chief Marketing Officer, ArcelorMittal Europe – Flat Products Industry. “Now it’s between 50 and 60 percent.”
The European Union has agreed a binding target to source 42.5 percent of its energy from renewable sources by 2030. To get there, the region’s installed wind capacity will have to double from 255 GW in 2022 to more than 500 GW. In simple terms, that means tens of thousands of new windmills, each of them sitting atop a tower made of steel.
New wind power capacity in Europe
EU Solar PV Installations 2023
In 2022, the European Commission set a target to grow solar capacity to over 320 GW by 2025 – double 2022 levels – and almost 600 GW by 2030. Hitting these targets will entail massive investment in solar PV, either on the roofs of residential and commercial properties, or utility-scale installations.
With homeowners justifiably concerned about overloading their rafters, companies like ArcelorMittal are developing lighter, high-grade steel products. And for solar-farms, the company has developed Magnelis® , a metallic coating that provides enhanced corrosion protection due to its unique ‘self-healing’ properties.
Other energy-transition applications for steel come from pipelines to transport carbon dioxide for sequestration in gas-permeable rock formations deep underground, or ‘green’ hydrogen, made from the electrolysis of water molecules using electricity from renewable sources.
“This is the next step for us in terms of how we can continue to support and facilitate Europe’s drive to clean energy,” says Laurent Plasman. “Our R&D teams are already working on this. We’ll be ready for the opportunity as this market develops.”
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