Reply from: Mike Holt
The study published in the IEEE August 1970 by Mr. Eugene J. Fagan and Mr. Ralph Lee evaluated steel rebar in concrete as a suitable 'grounding electrode.' Note: A grounding electrode as required by the NEC is not for lightning protection, so the study evaluated the rebar/concrete for surge and fault current, not lightning.
Summary, steel rebar is an excellent electrode as required by the NEC, but it is not permitted by NFPA Lightning Protection Code to be use as the lightning protection electrode.