US steel producer Nucor has teamed up with nuclear company Helion to develop a 500 MW nuclear fusion power plant.
Nucor announced it has committed to investing $35m (€33m) in Helion to accelerate fusion deployment.
The two companies have set a time frame and aim to begin operation of the plant by 2030.
The clean electricity generated from the fusion process will be fed to one of Nucor’s steelmaking facilities.
Nucor said nuclear fusion power can revolutionise steel manufacturing operations by providing baseload zero-carbon electricity. The company said that with nuclear fusion, it aims to become the cleanest steel producer globally.
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