Building on existing business relationships, as a first step, the planned cooperation comprises the supply of electricity by VERBUND to individual voestalpine locations in Austria conducted on an expanded basis that will address the complex price and service structures of the future better than in the past. A supply agreement has been concluded for an initial period of six years. Furthermore, projects for renewable generation of electricity by voestalpine itself at its locations in Austria are currently being undertaken. Concretely, the feasibility and cost-effectiveness are being analyzed and operating models for photovoltaics systems are being developed. Additionally, the partners want to collaborate even more comprehensively than before on demand-side management solutions, i.e., how to offset short-term fluctuations in the power grid by using voestalpine’s power generation facilities. The fourth core area is a joint, long-term research initiative on the subject of hydrogen, where the focus will be on the potential and the possibilities for the use of hydrogen in the individual process steps of steel production.
The designated joint objective of the strategic project work is ultimately to critically examine and evaluate the long-term competitiveness of Austria as a location for industry with regard to energy-specific requirements.