13/01/2022 – Outokumpu further increases share of wind power
Ambitious climate targets
Outokumpu has signed another 10-year power supply agreement for renewable wind power with Gasum. The new deal is an addition to the earlier wind power agreement with Gasum, announced in September 2021. According to the agreement, deliveries will begin in the summer of 2023.
Increasing the share of low-carbon electricity is one of the most important ways for Outokumpu to achieve its ambitious climate targets. Outokumpu announced in December 2021 its updated science-based climate targets, which are aligned with keeping global warming below 1.5°C.
“This new wind power agreement is an important step towards achieving Outokumpu’s emission reduction targets. The share of low-carbon electricity in Outokumpu's European operations is already over 80 percent. With this new agreement, we can even further increase the already high share of low-carbon electricity in our production,” says Mika Orpana, Head of Energy and Utilities, General Procurement at Outokumpu.
Outokumpu's sustainability strategy and climate targets were updated in May 2021. Increasing the share of low-carbon electricity is one of the key elements in Outokumpu’s roadmap towards achieving carbon neutrality in its own operations by 2050.
Outokumpu is a global leader in stainless steel. Foundation is their ability to tailor stainless steel into any form and for almost any purpose. The company employs 9,500 professionals in more than 30 countries, with headquarters in Helsinki, Finland. Its shares are listed in Nasdaq Helsinki.