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Steel Dynamics Recognized for Increased Use of Green Power

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Steel Dynamics (NASDAQ: STLD) has joined the EPA's Green Power Partnership, ranking #21 among Fortune 500® Green Power Partners and #33 on the National Top 100 List. In 2023, the company utilized 690 million kilowatt-hours of green power, meeting 10% of its steel mill operations' electricity needs and achieving its 2025 renewable energy goal.

The company signed the largest renewable product purchase agreement in North America's steel industry, covering approximately 15% of its steel mills' electricity usage. The wind energy center, operational since Q1 2024, marks a significant step toward their 2030 goal of 30% renewable electricity and will contribute to reducing Scope 2 greenhouse gas emissions intensity.

Steel Dynamics (NASDAQ: STLD) è entrata a far parte del Green Power Partnership dell'EPA, classificandosi al #21 tra i Fortune 500® Green Power Partners e al #33 nella National Top 100 List. Nel 2023, l'azienda ha utilizzato 690 milioni di kilowattora di energia verde, soddisfacendo il 10% del fabbisogno elettrico delle sue operazioni di acciaieria e raggiungendo il suo obiettivo di energia rinnovabile per il 2025.

L'azienda ha firmato il più grande accordo di acquisto di prodotti rinnovabili nell'industria dell'acciaio del Nord America, coprendo circa il 15% del consumo elettrico delle sue acciaierie. Il centro di energia eolica, operativo dal primo trimestre del 2024, segna un passo significativo verso il suo obiettivo del 2030 di avere il 30% di elettricità rinnovabile e contribuirà a ridurre l'intensità delle emissioni di gas serra di Scope 2.

Steel Dynamics (NASDAQ: STLD) se ha unido a la Alianza de Energía Verde de la EPA, ocupando el puesto #21 entre los socios de energía verde del Fortune 500® y el puesto #33 en la Lista Nacional de las 100 Principales. En 2023, la compañía utilizó 690 millones de kilovatios-hora de energía verde, satisfaciendo el 10% de las necesidades eléctricas de sus operaciones en las acerías y logrando su objetivo de energía renovable para 2025.

La empresa firmó el mayor acuerdo de compra de productos renovables en la industria del acero de América del Norte, cubriendo aproximadamente el 15% del consumo eléctrico de sus acerías. El centro de energía eólica, que estará operativo desde el primer trimestre de 2024, representa un paso significativo hacia su meta del 2030 de un 30% de electricidad renovable y contribuirá a reducir la intensidad de las emisiones de gases de efecto invernadero de Alcance 2.

Steel Dynamics (NASDAQ: STLD)는 EPA의 그린 파워 파트너십에 가입했으며, Fortune 500® 그린 파워 파트너 중 #21, 전국 100대 리스트에서 #33의 순위를 차지했습니다. 2023년 동안 이 회사는 6억 9000만 킬로와트시의 청정 전력을 사용했으며, 이는 제철소 운영 전력 수요의 10%를 충족하고 2025년 재생 가능 에너지 목표를 달성한 것입니다.

회사는 북미 철강 산업에서 가장 큰 재생 에너지 구매 계약을 체결하여 제철소 전력 사용량의 약 15%를 차지합니다. 2024년 1분기부터 운영되는 풍력 에너지 센터는 2030년까지 30%의 재생 가능 전력 목표를 향한 중요한 진전을 나타내며, Scope 2 온실가스 배출 강도를 줄이는 데 기여할 것입니다.

Steel Dynamics (NASDAQ: STLD) a rejoint le Partenariat pour l'énergie verte de l'EPA, se classant au #21 parmi les partenaires d'énergie verte du Fortune 500® et au #33 sur la liste nationale des 100 meilleurs. En 2023, l'entreprise a utilisé 690 millions de kilowattheures d'énergie verte, répondant à 10% de ses besoins en électricité pour ses usines sidérurgiques et atteignant son objectif d'énergie renouvelable pour 2025.

L'entreprise a signé le plus grand accord d'achat de produits renouvelables de l'industrie sidérurgique d'Amérique du Nord, couvrant environ 15% de la consommation électrique de ses usines sidérurgiques. Le centre de production d'énergie éolienne, opérationnel depuis le premier trimestre 2024, marque un pas significatif vers son objectif de 30% d'électricité renouvelable d'ici 2030 et contribuera à réduire l'intensité des émissions de gaz à effet de serre de portée 2.

Steel Dynamics (NASDAQ: STLD) ist der Green Power Partnership der EPA beigetreten und belegt Platz #21 unter den Fortune 500® Green Power Partnern sowie Platz #33 auf der National Top 100 Liste. Im Jahr 2023 nutzte das Unternehmen 690 Millionen Kilowattstunden grüner Energie, was 10% des Strombedarfs seiner Stahlwerke deckt und das Ziel von 2025 für erneuerbare Energien erreicht.

Das Unternehmen unterzeichnete die größte Vereinbarung zum Kauf von erneuerbaren Produkten in der Stahlindustrie Nordamerikas, die etwa 15% des Stromverbrauchs seiner Stahlwerke abdeckt. Das seit dem ersten Quartal 2024 in Betrieb befindliche Windenergiezentrum stellt einen bedeutenden Schritt in Richtung ihres Ziels von 30% erneuerbarem Strom bis 2030 dar und wird zur Reduzierung der Intensität der Scope 2-Treibhausgasemissionen beitragen.

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FORT WAYNE, Ind., Oct. 30, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that they recently joined the U.S. Environmental Protection Agency's (EPA) Green Power Partnership (GPP). Steel Dynamics was recognized by the U.S. EPA appearing number 21 on their list of Green Power Partners from the Fortune 500® and number 33 on their National Top 100 List of the largest green power users from the GPP. In 2023, Steel Dynamics steel mills utilized 690 million kilowatt-hours (kWh) of green power, which is enough to meet 10 percent of its steel mill operations' electricity use and achieve its 2025 renewable electrical energy goal.

"We are proud to be recognized by the U.S. EPA for our use of green power," said Jeff Hansen, Vice President Environmental Sustainability. "By making the choice to use renewable power in our energy mix, we are reducing our emissions footprint, while also supporting the build-out of the renewable power market and development of those resources."

"This list of the largest users of green power across the nation is proof that good business practices can also benefit the environment," said James Critchfield, Program Director of EPA's Green Power Partnership. "EPA applauds the leading organizations in the Green Power Partnership's Top Partner Rankings for their notable commitment to expanding their use of green power and protecting the environment."

In 2023, Steel Dynamics signed the largest renewable product purchase agreement for the steel industry in North America, equivalent to approximately 15% of the company's steel mills' electricity usage. This wind energy center began commercial operation in the first quarter of 2024 and represents the single most significant step in increasing its exposure to renewable energy, propelling the company much of the way to its 2030 goal of 30% renewable electricity. This project is also expected to meaningfully contribute to its long-term reduction of Scope 2 greenhouse gas emissions intensity.

Steel Dynamics is already a leader in producing lower-carbon, high-quality steel products and plans to continue to play a leadership role in decarbonization.

About EPA's Green Power Partnership
The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2022, the Partnership had nearly 700 Partners voluntarily using nearly 95 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.

About Steel Dynamics, Inc.
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections, and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

Forward-Looking Statements 
This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals market places, our revenues, costs of purchased materials, future profitability and earnings, the operation of new, existing or planned facilities and decarbonization goals and sustainability efforts. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) pandemics, epidemics, widespread illness or other health issues; (4) the cyclical nature of the steel industry and the industries we serve; (5) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (6) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (7) increased environmental, greenhouse gas emissions and sustainability considerations from our customers or related regulations; (8) compliance with and changes in environmental and remediation requirements; (9) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (10) availability of an adequate source of supply of scrap for our metals recycling operations; (11) cybersecurity threats and risks to the security of our sensitive data and information technology; (12) the implementation of our growth strategy; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) governmental agencies may refuse to grant or renew some of our licenses and permits required to operate our business; (16) our senior unsecured credit facility contains, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (17) the impacts of impairment charges.

More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings."

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SOURCE Steel Dynamics, Inc.

FAQ

What is Steel Dynamics' (STLD) current green power usage in 2023?

Steel Dynamics used 690 million kilowatt-hours (kWh) of green power in 2023, meeting 10% of its steel mill operations' electricity needs.

What is Steel Dynamics' (STLD) renewable energy target for 2030?

Steel Dynamics aims to achieve 30% renewable electricity usage by 2030.

What ranking did Steel Dynamics (STLD) achieve in EPA's Green Power Partnership?

Steel Dynamics ranked #21 among Fortune 500 Green Power Partners and #33 on the National Top 100 List of largest green power users.

When did Steel Dynamics' (STLD) wind energy center begin operations?

The wind energy center began commercial operation in the first quarter of 2024.

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Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
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United States of America
FORT WAYNE