Electra Earth develops a green-steel production method that uses electrochemical refinement to turn iron ore into steel at much lower temperatures than traditional methods. The process lowers heat from about 1,600°C to around 60°C and relies on intermittent renewable energy rather than coal, enabling on-demand production and the use of low-grade ores that are usually treated as waste. The result is ironmaking with zero carbon emissions. The company’s hardware and operations are designed to be flexible, so production can start or stop as needed, and energy costs are reduced by using inexpensive renewable electricity and lower capital and operating expenses. Electra Earth is also exploring co-extraction of green earth minerals from iron-containing ore bodies and waste streams, creating potential additional revenue streams."
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$387.6M
Headquarters
Boulder, Colorado
Founded
2020
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