Steel-maker gets check for $2.5M for energy efficiencies
by MBJ Staff
Published: October 9,2013
Tags: energy, energy efficiency, Madhu Ranade, Major Industrial Program, manufacture, manufacturer, manufacturing, Phil Bryant, Severstal Columbus, Severstal North America, steel, Tennessee Valley Authority
COLUMBUS — The Tennessee Valley Authority, along with Gov. Phil Bryant, presented a check yesterday for more than $2.5 million to Severstal North America for achieving energy efficiencies at its Columbus plant through TVA’s Major Industrial Program.
The TVA program encourages reductions in electric energy intensity in large industrial facilities having greater than 5 megawatts of contract demand. The greatest efficiency opportunity identified at the Severstal steel plant was retrofitting four 2,750-horsepower fans that send particulates from the plant’s electric arc furnace to a bag house for air pollution control.
Using customized assistance from TVA, Severstal was able to reduce its total energy usage by 25,251,390 kilowatt-hours, enough to power 2,000 average TVA homes.
”This is one additional step toward improving our operational competitiveness,” said Madhu Ranade, vice president and general manager for Severstal Columbus. “We appreciate TVA’s partnership and support in this project.”
TVA estimates Severstal will save $1.6 million annually in energy costs.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Kemper plant employee gag order continued
- 2014 a good year for filmmaking in Mississippi
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- (UPDATED — BREAKING NEWS) American Specialty Alloys won’t locate $1.2B mill in Mississippi
- ASA postmortem: industrial recruiting is a constant cycle of death and life