Equinor and Shell will jointly apply for US Department of Energy funding designated for the creation of regional clean energy hubs.
SEATTLE (Scrap Monster): Pittsburgh-based steelmaker United States Steel Corporation (U.S. Steel) announced that it has entered into a non-exclusive Cooperation Agreement with Equinor US Holdings Inc and Shell US Gas & Power LLC towards advancement of a collaborative clean energy hub in the Ohio, West Virginia, Pennsylvania region. The hub will focus on clean energy technologies.
According to the company press release, the development of the hub and the associated infrastructure would lead to generation of new, sustainable jobs. Also, it would result in stimulation of economic growth and achievement of notable reductions in carbon emissions. The project is in alignment with the partner companies’ ambitions to achieve net-zero carbon emissions by 2050.
Equinor and Shell will jointly apply for US Department of Energy funding designated for the creation of regional clean energy hubs. U.S. Steel will play a potential role as a potential funding participant, customer, supplier, or partner.
Richard L. Fruehauf, U. S. Steel’s Chief Strategy & Sustainability Officer noted that the agreement is another effort to advance profitable, sustainable steel solutions for people and the planet. It demonstrates the company’s realization that climate crisis could be more effectively addressed through private and public collaborations.
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