US green steel innovator Electra scores $85m backing

Michael Holder
clock • 3 min read
Steel production is responsible for around eight per cent of global CO2 emissions | iStock
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Steel production is responsible for around eight per cent of global CO2 emissions | iStock

Amazon and Bill Gates-founded Breakthrough Energy Ventures among investors in firm, which claims its green steel process is also cheaper than conventional fossil fuelled systems

Green steelmaking innovator Electra has scooped up $85m backing from a raft of top investors including the Bill Gates-founded Breakthrough Energy Ventures, Amazon and BHP Ventures, to support the firm's...

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Michael Holder
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