JSW Steel USA Ohio, Inc. (48C Self-Disclosed)

JSW USA's $145 million investment in its Mingo Junction facility will enable our company to produce monopile-grade steel slabs that will support monopile pole towers for usage in the offshore wind energy market. This investment will also reduce JSW USA's Baytown facility's reliance on imported steel slabs significantly and reduce overall carbon emissions by replacing imported slabs which have higher carbon emissions as compared to slabs produced by JSW USA which uses one of the most energy-efficient and lowest carbon-emitting method of steelmaking in the industry. The investment involves purchasing a twin Vacuum Tank Degasser (VTD) with associated transfer cars, tanks, tank covers, tank cover lifting devices, and related material handling systems. The investment will also make upgrades to both strands of the facility's caster. Lastly, this investment will result in the installation of a slab cooling water air mist system as well as auxiliary equipment, such as hydraulic and lubrication units. The project will address a gap in the renewable energy supply chain in the United States while creating and securing prevailing wage jobs in a qualified energy community.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.