ArcelorMittal and Spanish multinational energy company Moeve – formerly Cepsa – have signed an agreement for the purchase of Energy Saving Certificates (CAE) covering an annual volume of 2.1 terawatt-hours (TWh ), Kallanish learns from the steelmaker.
The CAE certifies an energy savings equivalent to 1 kilowatt-hour, thanks to implemented efficiency measures. It makes it possible to quantify the energy saved over a year using high technical methodologies and, based on this, receive financial compensation that helps recover part of the investment.
The deal is the largest of its kind in Spain to date. According to ArcelorMittal, it reinforces the role of the CAE mechanism as an effective tool to support industrial decarbonisation. It also marks a significant step forward in the transition towards more sustainable steel production.
“The emphasis on energy savings has been a key factor in enabling the implementation of our decarbonisation plan for the longs production unit in Gijón, through investment in a new electric arc furnace, which is currently in the final stages of construction,” ArcelorMittal says.
The agreement is expected to reduce the company’s annual energy consumption by up to 2.1 TWh, equivalent to more than 5% of the Principality of Asturias’ total energy use. Once the transition is complete, it will cut an estimated 1 million tonnes/year of CO₂ emissions from the region’s steel industry.
