Published by Todd Bush on November 12, 2024
BOULDER, Colo., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Today TIME named Electra CEO and Co-Founder Sandeep Nijhawan to the 2024 TIME100 Climate list, recognizing the 100 most innovative leaders driving business climate action. See the full list: https://time.com/time100-climate.
>> In Other News: The Case for a Global Carbon Removal Budget to Support Net-Zero Goals
Electra, a clean iron company, was founded in 2020 to address one of the biggest contributors to the climate crisis: iron and steelmaking. Electra’s technology uses clean energy and chemistry to create pure iron that can be used for green steel and iron batteries. Electra’s process for transforming a variety of grades of iron ore into environmentally responsible, resourceful, pure iron at scale was also named to TIME’s 2024 Best Inventions list in October.
Earlier this year, Electra commissioned its first pilot plant in Boulder, Colorado, and was selected for an ARPA-E ROSIE grant from the Department of Energy. This plant demonstrates Electra’s commitment to scaling sustainable iron production and serves as a model for future facilities.
“Electra was founded on the belief that the most imminent threats to climate change must be addressed today to ensure a better tomorrow. This mission drives our team forward each day and I’m immensely proud of what we’ve been able to accomplish so far,” said Sandeep Nijhawan, co-founder and CEO of Electra. “Our inclusion on the TIME100 Climate and Best Inventions lists this year is a testament to our team’s dedication and commitment to delivering a lower carbon future for the ironmaking industry.”
Electra is reinventing iron production to tackle the nearly 10% of global carbon dioxide emissions from iron and steelmaking. Its patented process uses chemistry and renewable energy to transform iron ore into pure iron at scale. By maximizing the value of Earth’s resources and minimizing environmental footprint and carbon emissions, Electra is forging a green future from the ground up. The company is headquartered in Boulder, Colorado, and backed by leading investors including Breakthrough Energy Ventures, S2G Ventures, Capricorn Investment Group, Temasek, Lowercarbon Capital, Nucor, BHP Ventures, Climate Pledge Fund, Valor, and Baruch Future Ventures. To learn more, visit electra.earth and follow Electra on LinkedIn.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company 🌍 Ex...
Inside This Issue 🌍 EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland 💧 Hydro...
Inside This Issue 🌍 Technip Energies and Shell Catalysts & Technologies Join Forces to Advance Carbon Capture Solutions ⚡ FuelCell Energy Announces Global Restructuring, Focusing Core Technolo...
Senate Agriculture Committee Introduces Draft Farm Bill with Key Updates for Bioethanol and Biofuels
The Senate Agriculture Committee has presented a draft of the Rural Prosperity and Food Act, a proposed Farm Bill that aims to reshape policies regarding bioethanol, advanced biofuels, and sustaina...
Pulsar Helium Signs Agreement With Chart Industries for Helium and CO2 Capture And Production
CASCAIS, Portugal, Nov. 20, 2024 (GLOBE NEWSWIRE) — Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to annou...
The METAGENETM technology harnesses hydrogen released from low-cost and low-carbon footprint metallic alloys via hydrolysis, establishing an autonomous, on-demand pressurized energy process Lab sc...
Project to Build First Hydrogen-Power Containership Receives EU Funding
Energy Observer’s efforts to build the world’s largest liquid hydrogen-powered cargo ship are being advanced with support from the European Union’s Innovation Fund. The containership concept, known...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.