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
Image:

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...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Planning reforms: Government touts £7.5bn boost, but 'uncertainty' over nature risks remains

Kingspan inks collaboration deal with green steel producer Hydnum Steel

More on Technology

'Postcode lottery': New data reveals North-South divide in waiting times for clean tech approval
Technology

'Postcode lottery': New data reveals North-South divide in waiting times for clean tech approval

Approval times for heat pumps, solar panels, and EV chargers can range from one to 45 days depending on where in the country customers live, Octopus Energy study claims

Stuart Stone
Stuart Stone
clock 01 May 2025 • 5 min read
Vodafone and UK National Parks to harness AI to accelerate nature restoration
Technology

Vodafone and UK National Parks to harness AI to accelerate nature restoration

Partnership will see Vodafone deliver real-time habitat mapping, biodiversity monitoring, and visitor impact analytics across all 15 UK National Parks

Amber Rolt
clock 30 April 2025 • 2 min read
'Trustable AI': Scottish project to develop standards for AI use in environmental mapping
Technology

'Trustable AI': Scottish project to develop standards for AI use in environmental mapping

The Trustable AI in Mapping (TAiM) initiative to assess reliability of AI and Machine Learning in mapping nature, natural carbon stores, and other environmental data

Amber Rolt
clock 29 April 2025 • 2 min read