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BP Is Financing the World's First Solar-Powered Steel Mill

Installation of Solar Panels At A Residential Property In Sydney
Photographer: Brendon Thorne/Bloomberg

In a rare move, a Colorado steel plant is attempting to go green and source most of its power from solar energy instead of coal.

A steel mill in Pueblo operated by Russian manufacturer Evraz Plc that melts and repurposes scrap metal is installing 750,000 solar panels, according to a statement Wednesday. It will come online in November and could fuel almost all of the energy needed by the mill. The solar-powered mill is the world’s first, according to BP, which is financing the project through a joint venture.