Clean Iron and Green Steel Technologies by Electra
Electra is a startup producing low-carbon clean iron using a variety of ores and powered by intermittent renewable energy. According to Electra, about 1.9 million metric tonnes of steel are produced annually worlwide, mostly by melting high-grade ores with coal and other mineral in furnaces operating at 1,600°C, which emit 10% of global carbon dioxide emissions. Electra’s goal is to drastically reduce ironmaking emissions, which account for 90% of steel’s manufacturing emissions.