Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C
Green Car Congress
OCTOBER 7, 2022
Electra has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced.
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