Outokumpu further increases share of wind power in its electricity procurement to meet its ambitious climate targets

Outokumpu Oyj
Press release
January 11, 2022 at 10.00 am EET

Outokumpu further increases share of wind power in its electricity procurement to meet its 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.

For more information:  

Päivi Allenius, VP – Communications, tel. +358 40 753 7374

Outokumpu media desk, tel. +358 9 421 3840

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,500 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

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