Electra is developing an innovative electrochemical process called Oxygen-Decoupled Electrolysis (ODE) to produce low-carbon iron for steelmaking. Unlike conventional methods that use coal and operate at high temperatures, Electra's process uses renewable electricity and runs at just 60°C (140°F), with the potential to help reduce up to 7% of global greenhouse gas emissions from steelmaking.

Co-founded by Sandeep Nijhawan and Quoc Pham, who bring expertise in electrochemistry, the Boulder, Colorado-based company can produce pure iron from low-grade ores using ODE. This expands the available iron ore supply as high-grade reserves dwindle. With $85 million in funding from investors like Breakthrough Energy Ventures and Amazon, Electra aims to have a pilot plant operational in 2024 and reach commercial-scale by 2030. Joining Electra means being part of a mission-driven company tackling industrial decarbonization.

Electra must successfully navigate the complex steel value chain and prove its technology can produce green iron cost-competitively to drive widespread adoption in this commodity market. If it succeeds, Electra has the potential to transform an $870 billion industry by providing a viable path to low-carbon steelmaking.