WebOct 11, 2024 · On October 6, 2024, Electra, a green iron company, announced it raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. The company's backers include Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G … WebView Used Equipment. View New Equipment. Equipment. New John Deere Equipment; Used Equipment

Electra ($113M for producing clean iron for green steel)

WebJan 9, 2024 · This expected rise in demand for direct-charge materials is clear, with major Brazilian miner Vale looking to ramp up its production of pellet and briquette to around 22% of its total production, or about 100 million tonnes, after 2030, from 33 million tonnes in 2024. But its iron ore production will grow more slowly, to more than 360 million ... WebOct 7, 2024 · With the green light to go ahead and $2.25 million from BEV and other investors, ... and can also use the iron Electra produces and tweak the process to make add more virgin iron than scrap steel. ... In coming up with a process to dissolve iron ore, the company has also managed to remove impurities much more easily than … how do i find out about my pension forecast

Inside the Bill Gates-Backed Startup Making Zero-Emissions Steel ...

WebDec 8, 2024 · Published 8th December, 2024 by Catherine Hill. Electra, a green iron company, has partnered with Nucor Corporation, the largest steel producer in the US, to scale its low-temperature Iron (LTI) solution … WebOct 7, 2024 · Lucas High. BOULDER — Electra, a Boulder-based clean-tech company that claims to have developed a process for making iron and steel using less energy and with … WebMar 16, 2024 · Electra is a green iron company that produces clean iron with zero carbon emissions. It has raised $113M funding to commercialize the low-temperature aqueous … how much is social security reduced at 65