Challenge

The steel industry is one of the largest global sources of greenhouse gas emissions. As demand for steel grows to support global decarbonization infrastructure, the adoption of green steelmaking technologies, such as Direct Reduced Iron (DRI) produced with renewable hydrogen, is essential.

Strategy

CWP Global has proposed a multi-component project that would harness Newfoundland and Labrador’s world-class wind resources to power electrolysers for hydrogen production. This hydrogen would then be used as a fuel to produce green DRI, which could serve as a sustainable feedstock for green steelmaking and contribute to industrial decarbonization.

Action

Angler Solutions supported CWP Global by:

• Assessing alternatives for power supply and grid interconnection, while facilitating discussions with NL Hydro
• Framing the high-level concept and value proposition, informed by local knowledge
• Conducting preliminary techno-economic analysis to quantify parameters such as levelized cost of energy (LCOE) and levelized cost of storage (LCOS)
• Evaluating long-duration energy storage (LDES) options and facilitating engagement with regional LDES developers

Outcome

Angler’s scope of work strengthened the project’s feasibility by identifying LDES solutions to mitigate wind intermittency and by framing the broader system value. The techno-economic analysis provided clarity on expected LCOE and LCOS, equipping CWP Global with the data to demonstrate competitiveness and viability. The work also highlighted synergies with regional LDES developers and NL Hydro, reinforcing the value proposition for advancing a multi-component renewable energy development of this scale in Newfoundland and Labrador.