Electra partners with nucor to usher in a new era of green steelmaking

Boulder, colo.--( business wire )--electra, a green iron company, announced it has partnered with nucor corporation (nyse: nue), the largest steel producer in the u.s. through this partnership, electra will scale its low-temperature iron (lti) solution that emits zero carbon dioxide emissions using low-grade ores and intermittent renewable electricity. in addition, through this partnership, nucor, the largest eaf steelmaker and steel scrap recycler in north america, will use electra's iron to further lower the carbon emissions of its industry-leading sustainable steel and steel products. along with an equity investment in electra, doug jellison, executive vice president of raw materials at nucor, has joined electra's market advisory board, bringing over 30 years of steel industry operational and management experience to the startup.
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