EElectra
Electrochemical iron, clean steel, low-temperature ore reduction
Electra produces low-carbon iron via electrochemistry at ~60°C, not 1,600°C like blast furnaces. Dissolves ore in acid, removes impurities, electrodeposits pure iron. Building a 500 t/yr demo plant in Colorado, first iron mid-2026.
- $186M Series B led by Capricorn and Temasek. $50M grant from Breakthrough Energy Catalyst.
- Meta, Nucor and Toyota Tsusho signed offtake agreements for clean iron.
- Colorado demo plant produces 500 t/yr. First iron mid-2026; commercial plant 2029.
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