Electra (Steel)

Electra is a steel production company dedicated to decarbonizing the steelmaking process. They aim to eliminate 3.7 gigatons of global carbon dioxide emissions, accounting for about 10% of the world's total. The company uses large-scale electrochemical and hydrometallurgical processes, backed by sustainability-focused venture capitalists, to develop cost-effective, scalable solutions that make use of renewable energy. This approach promises a cleaner future for the trillion dollar steel industry while lowering both the energy intensity and cost of steelmaking without emitting carbon dioxide.