It goes without saying, but GFG Alliance CEO Sanjeev Gupta has some seriously powerful ambitions for not only Whyalla but South Australia as a whole.
Mr Gupta has revealed that he has plans to retool the Whyalla Steelworks to produce special steel that can be used as part of gas pipelines.
His initial ambition is to produce two million tonnes of steel each year, production could ramp up to as much as 10 million tonnes.
Mr Gupta also hopes to build 10 times as much renewable energy in Australia as first planned, officially making GFG Alliance one of the biggest energy providers in the nation.
Speaking at the Australian Energy Storage Conference and Exhibition in Adelaide, Mr Gupta said the company has boosted its plan for 1 gigawatt of power supplies to 10GW.
GFG Alliance will be exploring possibilities for a pumped hydro energy storage plant with estimated capacity of 90MW / 390MWh on the first project.
This will be brought to life using depleted mine pits to unlock ‘a legacy of past activity for the benefit of future generations’.
A 120MW / 140MWh lithium-ion battery storage facility will also be installed in Port Augusta and Whyalla.
There is also a separate project underway to deliver solar and energy storage solutions for GFG employees, and install solar panels in many industrial and distribution sites in Australia.
Co-generation is key to GFG’s energy generation, as it will allow them to capture and utilise heat output from the steelworks to generate their our own electricity.