Steel Manufacturer Unveils Collaboration With Helion to Develop 500-MW Fusion Plant
September 30, 2023
by Paul Ciampoli
APPA News Director
September 30, 2023
Nucor Corp. on Sept. 27 announced a collaboration with fusion power company Helion to develop a 500-megawatt fusion power plant.
The project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility.
Nucor and Helion are working together to set a firm timeline and are committed to beginning operations as soon as possible with a target of 2030.
Nucor is making a direct investment of $35 million in Helion to accelerate fusion deployment in the United States.
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico.
Helion in May announced an agreement to provide Microsoft electricity from its first fusion power plant. Constellation will serve as the power marketer and will manage transmission for the project.
The plant is expected to be online by 2028 and will target power generation of 50 MW or greater after a 1-year ramp up period.