NEAP reinforces not only the province’s commitment to its clean energy grid being “one of the lowest carbon-emitting power supplies across North America,” but also Algoma’s investment to transition operations to EAF steelmaking, according to a company press release.
 
“The province’s commitment to supporting industrial electricity customers through the Northern Industrial Electricity Rebate Program was key in our decision to pursue electric arc steelmaking. We believe the ongoing support from the government of Ontario through the enhanced NEAP program will play an important role in enabling us to modernize steelmaking and create a secure, stable future in Sault Ste. Marie,” said Michael McQuade, president and chief executive of Algoma.

“Importantly, the NEAP is expected to provide a reliable energy framework to allow industrial electricity consumers across Northern Ontario to consider long-term investment decisions in technologies and expansion initiatives that can further regional economic activity and advance climate change goals. We recognize and thank the province for their support and leadership on the path to net zero,” McQuade added.
 
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