Sustainable Startup Electra Inks Deals with Meta, Others to Scale Low-Carbon Iron

Sustainable startup Electra inks deals with Meta, others to scale low-carbon iron

Electra’s new demo site will produce up to 500 tons of low-carbon iron annually and its first environmental attribute credits will be purchased by the social media and tech giant.

Electra announces deals with Meta, Nucor to scale its clean iron tech

Tech firms and automakers both need lots of steel to build their data centers and vehicles. The metal is sturdy, ubiquitous — and highly carbon-intensive when it’s produced using traditional coal-fired furnaces. The startup Electra says it’s working to scale a dramatically cleaner method for making the key material.…

Meta Signs Purchase Deal with Green Steel Startup Electra to Address Carbon Footprint of Data Centers

Clean iron producer Electra announced a series of new agreements, including purchase deals with several global steel companies to help reduce the carbon footprint of their products, and an Environmental Attribute Credit (EAC) agreement with Meta to help address the social media and communications giant’s supply chain emissions. Founded in 2020, Colorado-based Electra has developed […]

Why Nucor and Meta are supporting a new low-carbon iron factory

Startup Electra is building a Colorado demonstration facility that will produce 500 tons of low-carbon iron annually, backed by a $50 million grant from Breakthrough Energy and corporate contracts with Meta, Nucor, Toyota Tsusho and Interfer Edelstahl Group. The 130,000-square-foot facility in Jefferson County is scheduled to open by mid-2026. It will also benefit from an $8 million state tax credit, the maximum amount available under the Colora…