Algoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel Transition

Core Viewpoint - Algoma Steel Group Inc. has announced the authorization of a new 230kV transmission line in Sault Ste. Marie, which is crucial for enhancing the local power infrastructure and supporting the company's transition to electric arc steelmaking, aligning with its commitment to environmental sustainability [1][2][3] Group 1: Project Details - The Ontario Energy Board has confirmed that the transmission project will not require any capital contribution from Algoma Steel, and the anticipated transmission rate impacts are deemed reasonable [2] - The project is a collaborative effort involving PUC Transmission, Hydro One, and Batchewana First Nation, highlighting the Province of Ontario's commitment to critical infrastructure investment [3] Group 2: Company Commitment - Algoma Steel emphasizes its dedication to sustainable development and green steel production, aiming to deliver innovative and responsible steel solutions that benefit both the community and the environment [3][6] - The company is modernizing its plate mill and adopting electric arc technology to significantly lower carbon emissions, positioning itself as a leading producer of green steel in North America [6][7]