EVRAZ Pueblo to Harness the Sun to Make Greener Steel
09/30/2019 - In partnership with Xcel Energy and Lightsource BP, EVRAZ North America announced a long-term agreement to develop a new 240-MW solar facility at its Rocky Mountain Steel division in Pueblo, Colo., USA.
Lightsource BP, along with other investors, will put an estimated US$250 million into the solar facility. Lightsource BP will operate its Bighorn Solar facility and sell the electricity to Xcel Energy under a long-term agreement.
With its 20-year fixed-rate structure, the project provides EVRAZ North America with predictable electricity prices.
“This pioneering partnership with Xcel Energy and Lightsource BP marks a milestone for the development of our new rail mill and will make EVRAZ North America the industry leader in the use of renewable energy to produce the greenest steel and engineered steel products in the world, from rail to rod and bar,” said James Skip Herald, president and chief executive of EVRAZ North America.
When complete, the on-site solar facility will be the largest such facility dedicated to a single customer in the United States. The project is expected to go on-line by the end of 2021.
