February 20, 2024

Steel Production Responsible For 8% Of Global Emissions And We Have A Solution

Here is a great article where Electra Colorado can make iron at 60 degrees Celsius converting iron ore to iron takes up 90% of energy consumption making steel.

In a recent article in Clean Technica  By Steve Hanley  10/18/22

Electra is a Colorado company that says it has found a way to make iron at 60º C — barely hot enough for a nice cup of tea — using intermittent renewable energy and low grade iron ore. The process of converting iron ore into iron is responsible for the vast majority — 90% — of the carbon emissions associated with making steel.

Speaking with Bloomberg Green last week, Electra co-founder Sandeep Nijhawan said he brought four business ideas, each addressing rising global temperatures, to a meeting in March of 2020 with an investor at Breakthrough Energy Ventures, the climate solutions investment vehicle founded by Bill Gates. There were 7 slides in his pitch deck.

Decarbonization
Decarbonization

Electra is a Colorado company that says it has found a way to make iron at 60º C — barely hot enough for a nice cup of tea — using intermittent renewable energy and low grade iron ore. The process of converting iron ore into iron is responsible for the vast majority — 90% — of the carbon emissions associated with making steel.

Speaking with Bloomberg Green last week, Electra co-founder Sandeep Nijhawan said he brought four business ideas, each addressing rising global temperatures, to a meeting in March of 2020 with an investor at Breakthrough Energy Ventures, the climate solutions investment vehicle founded by Bill Gates. There were 7 slides in his pitch deck.

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