Nucor Corp., a manufacturer of steel and steel products, and Helion, a fusion energy company, are collaborating to develop a 500-MW fusion power plant to supply baseload electricity to a steelmaking facility. The companies are working together to set a firm timeline, saying they are “committed to beginning operations as soon as possible with a target of 2030.” Nucor said it is making a direct investment of $35 million in Helion to accelerate fusion deployment in the U.S. It claims this is the first fusion energy agreement of this scale in the world, which it expects to “pave the way for decarbonizing the entire industrial sector.”
