Electra

Last updated: January 16, 2024

Founders: Sandeep Nijhawan, Quoc Pham

Country: USA | Funding: $443.5M (+)

Website: https://www.electra.earth

Electra is decarbonizing the steel industry by reducing power consumption of electric arc furnaces. It allows to start and stop production on demand and uses the lowest-cost, intermittent renewable electricity to reduce energy costs.