Nucor announces that it will partner with Google and Microsoft to deploy advanced clean energy.
- Google, Microsoft, and Nucor have announced a partnership to aggregate their demand and develop new business models to accelerate deployment of advanced clean electricity technologies like advanced nuclear, geothermal, clean hydrogen, and long-duration energy storage.
- They plan to issue requests for information on potential first-of-a-kind projects needing offtake agreements, with the goal of reducing risk for early commercial projects through large corporate energy buyers signing contracts.
- Beyond procurement, they aim to bring a customer voice to policymakers on needed improvements, develop new enabling utility tariff structures, share learnings publicly, and encourage other companies to join in supporting these emerging technologies.
“The companies will initially focus on proving out the demand aggregation and procurement model through advanced technology pilot projects in the United States. The companies will pilot a project delivery framework focused on three enabling levers for early commercial projects: signing offtake agreements for technologies that are still early on the cost curve, bringing a clear customer voice to policymakers and other stakeholders on broader long-term ecosystem improvements, and developing new enabling tariff structures in partnership with energy providers and utilities.”
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