Finance
Danieli, newcleo to explore nuclear-powered green steel production
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 24, 2026
Danieli and newcleo partner to integrate nuclear technology into steel-making, aiming to decarbonize production and provide green steel solutions.
MILAN (Reuters) - Danieli, an Italian group that builds iron and steel making plants, and newcleo said on Monday they signed a memorandum of understanding to explore the integration of the nuclear firm's small advanced reactor technology into steel-making.
WHY IT'S IMPORTANT
The agreement laid the basis to help decarbonise steel production through combined electricity and heat coming from nuclear energy, the two groups said in a joint statement.
Newcleo is working to develop advanced modular reactors powered by re-processed nuclear waste, a technology that aims to reduce the costs and the risks stemming from atomic waste handling.
KEY QUOTE
"Our objective through this collaboration is to provide steel manufacturers with economically viable solutions for the production of green steel," said newcleo founder and Chief Executive Stefano Buono.
(Writing by Francesca Landini; editing by Keith Weir)
The main topic is the exploration of nuclear-powered technology for green steel production by Danieli and newcleo.
Newcleo is developing advanced modular reactors powered by re-processed nuclear waste to aid in green steel production.
The goal is to decarbonize steel production and provide economically viable green steel solutions.
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