Elcogen's SYRIUS Project Pioneering Green Steel Production with Hydrogen Innovation
Key Ideas
- Elcogen, in collaboration with Acciai Speciali Terni Spa, is launching the Horizon Europe SYRIUS project to decarbonize steel production using hydrogen, a significant step towards sustainable steel manufacturing.
- The project, backed by a €10 million grant from Horizon Europe, involves integrating a 4.2 MW Solid Oxide Electrolyster (SOEC) into an Electric Arc Furnace (EAF) plant, demonstrating a commitment to green energy solutions.
- HydrogenOne Capital Growth plc's investment in Elcogen, representing 18% of the Company's NAV, highlights the growing interest and support for innovative clean energy technologies in the financial sector.
- Elcogen's CTO, Martin Skov Skjøth-Rasmussen, emphasizes the potential impact of the SYRIUS project in decarbonizing the steel industry and unlocking new market opportunities by providing a scalable solution for sustainable steel production.
Elcogen, a leading European manufacturer of solid oxide technology, has announced the launch of the Horizon Europe SYRIUS project in collaboration with Acciai Speciali Terni Spa to decarbonize the steel production process through hydrogen production and circular energy use. The project, supported by a €10 million grant from Horizon Europe, will integrate a 4.2 MW Solid Oxide Electrolyster (SOEC) into an Electric Arc Furnace (EAF) plant in Terni, Italy. This initiative will enable sustainable steel production with a capacity of over 1,000 tonnes per annum of stainless and specialty steel. Elcogen's expertise in solid oxide cell and electrolysis technologies, along with Baker Hughes' involvement in designing and producing the multi-stack electrolyser, highlights a significant step towards green steel production. HydrogenOne Capital Growth plc's 18% investment in Elcogen further demonstrates the financial sector's interest in supporting clean energy ventures. The project leaders express excitement over the potential of the SYRIUS project to revolutionize the steel industry by decarbonizing one of the most challenging sectors and paving the way for commercially viable sustainable steel production. This ambitious venture signifies a pivotal moment in advancing industrial adoption of green energy solutions, emphasizing the importance of innovation and collaboration in driving environmental sustainability forward.
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