# LIBERTY Ostrava invests EUR 350M in hybrid electric arc furnaces

LIBERTY Ostrava signed a contract with Danieli for two hybrid electric arc furnaces, part of a CZK 8.6 billion (EUR 350 million) investment to reduce emissions by over 80% by 2027. The furnaces are expected to be operational in 2025.

- Type: Investment
- Announced: 2022-07-08
- Where: Ostrava, Czechia
- Value: $357.0M (350.0M EUR)
- Starts operating: 2025
- Status: announced
- Capacity: 3.5 million tonnes per annum
- Products: hybrid electric arc furnaces, steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [LIBERTY Ostrava](https://endata.com/companies/64034.md)
- [Danieli](https://endata.com/companies/15743.md) (supplier)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-makes-historic-investment-in-ostravas-greensteel-transformation/), 2022-07-08: "The new furnaces, the first of their kind in Europe, will have a combined capacity of 3.5 million tonnes per annum."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.