Energy

Nucor Signs Second Renewable Energy Virtual Power Purchase Agreement in Texas

Nucor Corporation today announced the signing of a 10-year Virtual Power Purchase Agreement (VPPA) with Ørsted Onshore North America, LLC for 100 megawatts from Ørsted's Western Trail wind farm (WTW) in North Texas. This is Nucor's second VPPA agreement. Nucor signed a VPPA with EDFR Renewables North America last year to be the sole off-taker for EDFR's 250-megawatt Brazos Fork solar power plant, also in Texas. Nucor's VPPA with Ørsted's WTW initiative complements the company's Brazos Fork involvement. These two projects have the potential to provide clean energy to the regional electric grid 24 hours a day, seven days a week.

"As an Electric Arc Furnace (EAF) steelmaker and North America's largest recycler, Nucor is already among the cleanest and most sustainable steel producers in the world. This agreement will enable us to further reduce our climate footprint beyond our operations," said Leon Topalian, President & Chief Executive Officer of Nucor Corporation. "Supporting the growth of renewable power generation is not only fundamental to who we are as a company, but it also allows us to continue to lead the way forward for the global steel industry."

The WTW project by Ørsted is currently under construction and is set to be in service later this year. The project, which combines Nucor steel and steel products, is intended to continue generating power even though extremely severe weather, such as the recent storms in Texas.

"We're excited to partner with Nucor in their efforts to invest in clean, renewable energy," said Vishal Kapadia, Senior Vice President and Chief Commercial Officer for Ørsted Onshore. "The PPA at Western Trail demonstrates our ability to provide customized solutions to support the achievement of corporate sustainability ambitions."

About Nucor

Nucor and its subsidiaries are steel and steel component producers with operations in the United States, Canada, and Mexico. Carbon and stainless steel in bars, beams, board, and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh are among the products manufactured. Nucor also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron / direct reduced iron, supplies ferro-alloys, and processes ferrous and nonferrous scrap through The David J. Joseph Company. Nucor is the major recycler in North America.

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