Indian MSMEs in the secondary steel sector can reduce power bills significantly. Switching to renewable energy offers substantial annual savings for these businesses. This transition also helps slash greenhouse gas emissions from steel production. A cluster-based approach makes renewable energy procurement more feasible for MSMEs. Adopting renewables lowers costs and carbon footprints simultaneously for producers.

Switching to renewable energy can help smaller steel companies reduce electricity costs and cut millions of tons of carbon emissions.

Smaller steel firms in India can reduce electricity bills by one-third and cut carbon emissions by adopting renewable energy, which will offer substantial annual cost savings for…