A consortium of steel buyers, hydrogen developers and an EU-funded innovation hub have teamed up to plough an expected €2.2bn ($2.3bn) into a new scheme that will see one of Europe’s largest electrolyser arrays installed for the production of H2-derived direct reduced iron (DRI) for green steel manufacture. The GravitHy consortium, launched today, plans to build its first DRI plant in Fos sur Mer, southern France, in 2027, producing 2 million tonnes per year of the hydrogen-reduced iron for use in green steel manufacture on-site, or for export as Hot-Briquetted Iron (HBI). The six founding shareholders, EIT InnoEnergy, an offshoot of the EU-funded European Institute of Innovation and Technology, US electrolyser manufacturer Plug Power, UK steel plant developer Primetals and a trio of French companies - energy company Engie, automotive technology firm Forvia and real estate developer Groupe IDEC – hope to begin construction on the plant in 2024. Source: https://www.rechargenews.com/energy-transition/green-steel-consortium-plans-650mw-of-electrolysers-for-hydrogen-derived-dri-plant/2-1-1249168