thyssenkrupp Steel and Centrica Energy are proud to announce signing of a renewable Corporate Power Purchase Agreement, delivering progress on thyssenkrupp Steel’s sustainable sourcing strategy and underlining the commitment of Centrica and thyssenkrupp Steel to drive the energy transition in Germany.

We are proud to partner with thyssenkrupp Steel on this landmark agreement. It demonstrates how industrial leaders can leverage PPAs to secure renewable energy, manage price risk, and actively contribute to decarbonisation. This deal strengthens our presence in Germany and sets the stage for further collaboration with industry partners committed to sustainability.

Jan Gibbert
Head of Central European Origination

PPAs are an indispensable component of our transformation and decarbonisation strategy. We are therefore very much looking forward to working with Centrica.

Dennis Becher
Head of Energy Management at thyssenkrupp Steel

thyssenkrupp Steel is pursuing the goal of gradually and permanently decarbonising steel production. A central element of the transformation strategy is the construction of a hydrogen-capable direct reduction plant. Especially given that these new climate-friendly technologies are associated with a significant increase in demand for electricity and renewable energies, the increasing use of renewable energies is an important success factor for a comprehensive transformation. The procurement of green electricity via PPAs is already helping to significantly reduce CO₂ emissions today. In this way, thyssenkrupp Steel is making an important contribution to industrial transformation and the achievement of climate targets.

About Centrica Energy
Centrica Energy is the energy trading and optimisation arm of Centrica plc, responsible for managing commodity risk and sourcing energy on behalf of Centrica Group’s energy supply activities. Across eight offices on three continents, and with over 800 passionate and highly skilled energy experts, we trade power, gas, liquefied natural gas, and green certificates, connecting energy producers, suppliers, and offtakers in wholesale energy markets.

Centrica Energy is one of the largest renewable asset managers in Europe, with over 17GW of capacity under contract, of which more than 85% is renewable assets.  

 

About thyssenkrupp Steel 

thyssenkrupp Steel is one of the world's leading manufacturers of high-quality flat steel and stands for innovation in steel and high-quality products for state-of-the-art and demanding applications. As Germany's largest flat steel manufacturer, Steel employs around 26,000 people. As a pioneer in climate transformation, thyssenkrupp Steel has set itself the goal of reducing its CO2 emissions by around 30 percent by 2030. By 2045, steel production is to be completely climate-neutral.