Colorado-based Electra has raised $129 million in a new funding round to continue developing technology that can produce iron needed for steel at temperatures below boiling water and without planet-warming emissions.
The startup, which came out of stealth in 2022, has raised a total of $214 million from investors including Bill Gates-led Breakthrough Energy Ventures, Singapore-based Temasek Holdings, and Capricorn Investment Group.
The latest round comes at a time when President Donald Trump is upending the clean-tech landscape. Though he has threatened to undo policies for carbon-saving technologies, his
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