Nucor Corporation announced a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This 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 with a target of 2030. Nucor is making a direct investment of $35 million in Helion to accelerate fusion deployment in the United States. This is the first fusion energy agreement of this scale in the world.
“Nucor continues to position itself as a leader in developing clean energy solutions to decarbonize the industrial sector. This agreement with Helion, along with investments in clean energy, can change the entire energy landscape and change the world, embracing a clean energy future we could have hardly imagined a few years ago,” said Leon Topalian, chair, president, and chief executive officer of Nucor Corporation. Helion has achieved remarkable milestones, including the construction of six working fusion prototypes and being the world’s first private fusion company to achieve 100 million degree plasma temperatures.