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Boston Metal Expands Series B to Deliver Emissions-free Steel

Press release content from Business Wire. The AP news staff was not involved in its creation. Boston Metal Expands Series B to Deliver Emissions-free Steel February 9, 2021 GMT BOSTON (BUSINESS WIRE) Feb 9, 2021 Boston Metal, the company delivering a future where steel production is emissions-free, today announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a $50M close announced in January. ADVERTISEMENT “Boston Metal’s mission is to deliver emissions-free steel at global scale,” said Tadeu Carneiro, Chairman and CEO of Boston Metal. “Iron ore and clean electricity are the primary inputs into the MOE process and will heavily influence the design of our technology and our strategy. We are thrilled to add Vale and BHP, two of the largest iron ore companies, and Energy Impact Partners, a leading energy transition investor, to our world-class syndicate of investors and partners.”

New yorkUnited statesRio de janeiroEstado do rioCity ofUnited kingdomSan franciscoShayle kannAdam rauwerdinkTadeu carneiroFidelity investmentsBreakthrough energy venturesPartner at energy impact partnersEnergy impact partnersPiva capitalDevonshire investors

Vale anuncia investimento em empresa para fomentar a produção de aço livre de carbono

Vale anuncia investimento em empresa para fomentar a produção de aço livre de carbono
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How Steel Might Finally Kick Its Coal Habit

collaboration. Coal’s grip on the global electricity sector is loosening as more utilities and companies invest in renewable energy. But one major coal consumer the steel industry is finding it harder to kick its habit. Steel companies make nearly 2 billion tons of high-strength material every year for bridges, buildings, railways, and roads. The furnaces that melt iron ore to make steel consume vast amounts of coal. As a result, the industry accounts for roughly 8 percent of annual carbon dioxide emissions, as well as a toxic soup of air pollutants. Steelmakers worldwide are facing mounting pressure from government regulators and consumers to decarbonize operations. Doing so is essential to limiting global warming to 1.5 degrees Celsius and staving off most of the worst effects of climate change, experts say. In recent months, the world’s three top producers Europe’s ArcelorMittal, China’s Baowu Steel, and Japan’s Nippon Steel committed to achieving net-zero emissions b

United statesMassachusetts institute of technologyNate adenEurope arcelormittalTadeu carneiroBreakthrough energy venturesWorld resources instituteBaowu steelNippon steelMassachusetts instituteBoston metalBill gates led breakthrough energy venturesஒன்றுபட்டது மாநிலங்களில்மாசசூசெட்ஸ் நிறுவனம் ஆஃப் தொழில்நுட்பம்யூரோப் அர்ஸலாமிட்டல்டாடே கார்னீரோ

How steelmaking may go carbon-free—by dropping its addiction to coal - Bulletin of the Atomic Scientists

Steel mill interior. Image courtesy of Payton Chung under Creative Commons License Coal’s grip on the global electricity sector is loosening as more utilities and companies invest in renewable energy. But one major coal consumer the steel industry is finding it harder to kick its habit. Steel companies make nearly 2 billion tons of high-strength material every year for bridges, buildings, railways, and roads. The furnaces that melt iron ore to make steel consume vast amounts of coal. As a result, the industry accounts for roughly 8 percent of annual carbon dioxide emissions, according to McKinsey and Company, as well as a toxic soup of air pollutants.

United statesMassachusetts institute of technologyNate adenEurope arcelormittalDonald sadowayTadeu carneiroWorld resources instituteBreakthrough energy venturesJapan mitsubishi heavy industriesBaowu steelNippon steelMassachusetts instituteBoston metalBill gates led breakthrough energy venturesBroken hill proprietaryBoston electrometallurgical

Boston Metal Raises $50 Million to Decarbonize Steelmaking

BOSTON (BUSINESS WIRE) Boston Metal today announced it raised $50 million in Series B funding, positioning the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology towards emissions-free steel. The financing was led by Piva Capital, BHP Ventures, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the

United statesBennett cohenMark fraymanTadeu carneiroFidelity investmentsBreakthrough energy venturesBoston metalPiva capitalDevonshire investorsPrelude venturesSan francisco basedஒன்றுபட்டது மாநிலங்களில்பென்னட் கோஹன்டாடே கார்னீரோநம்பகத்தன்மை முதலீடுகள்திருப்புமுனை ஆற்றல் முயற்சிகள்