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How This Startup Makes Emissions-Free Iron at Temperatures Colder Than Coffee
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October 6, 2022
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2:10Now PlayingImagine manufacturing emissions-free iron in water cooler than that which brews your coffee. Akshat Rathi explains how Electra’s solution can cut 90% of the emissions in making steel.
How to Make EmissionsFree Iron at Temperatures Colder Than Coffee
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No coal-fired furnace. No molten metal. Colorado-based Electra has raised $85 million for technology that uses renewable electricity to make carbon-free iron at merely 60°C.
Sandeep Nijhawan brought four business ideas, each addressing rising global temperatures, to his March 2020 meeting with an investor at Bill Gates-founded Breakthrough Energy Ventures. Freshly departed from founding two startups — one on hydrogen, another on batteries — Nijhawan had just seven slides to show. The first pitch in his deck was to make iron without coal, intense heat or emissions, powered by only renewable electricity.
#Climate #Emissions #Explained
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