INDUSTRY
Manufacturing
SOLUTION
Energy
To support a $300 million investment in a new electric arc furnace at Glenbrook, NZ Steel needed a strong case highlighting long-term value, flexibility, and price certainty. The goal was to enable growth, sustainability, and operational stability in the face of changing energy market conditions.
Alongside Contact, we developed a strategic partnership to supply 30MW of renewable electricity through a flexible 10-year hedge agreement, backed by Contact’s geothermal portfolio. This will provide price certainty and the incentive to scale back production during periods of peak demand or supply shortages.
