Zero: The Climate Race cover image

Inside the stealth startup making zero-emission steel

Zero: The Climate Race

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How to Make Green Steel?

In early 2021, we had on a benchtop, the entire process going all the way from ore into pure iron already on place. We then went and raised additional capital and we raised 28 million by June of 2021. So now we have total raised 82 million dollars. And one of your investors is a mining company called BHP. Why is BHP interested in this? To be honest, bringing strategic investors very early in the startup is not what a typical venture capital community will advise you to do. But I overruled that largely knowing or having a gut reaction that ores are going to be a big part of the story.

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