Company description
Supported by leading sustainability-focused investors, Electra has developed novel technology electrifying ironmaking from iron ore, eliminating 90% of steelmaking CO2 emissions, which total 3.7 gigatons or ~10% of global CO2 annually. Electra’s unique patent-pending electrochemical system leverages well-established science, technologies, infrastructure, and markets to accelerate scale-up and adoption by steel producers before 2030.
Electra’s system utilizes intermittent renewable energy and low-grade ores to produce iron at coffee temperatures, releasing only oxygen gas, producing green iron at no green premium with zero carbon pricing subsidy.
More details
- Website
- https://www.electra.earth/
