Electra is a Boulder, Colorado-based clean iron company founded in 2020. The company develops a patented low-temperature electrochemical-hydrometallurgical process to produce 99% pure iron from a wide range of iron ores, including low-grade and underutilized materials.
The process involves dissolving iron ore in an acidic solution to separate impurities and co-products like silica and alumina, regenerating the acid, and using electricity to electrodeposit pure iron onto metal sheets at around 60°C. Compatible with intermittent renewable energy, it emits oxygen rather than CO₂, enabling low-carbon production for electric arc furnace steelmaking, iron-based batteries, and other applications.
Electra has raised significant funding, including a $186 million Series B in 2025 led by Capricorn Investment Group and Temasek, and secured partnerships with steelmakers like Nucor, POSCO, and Toyota Tsusho. A demonstration facility in Colorado is planned to produce 500 tonnes annually, targeting commercial scale by 2030.
None yet. When a new project in the record names Electra as owner, partner or investor, it shows here.
Industry investment and policy support sustain demonstrations across blast‑furnace retrofits, DRI–ESF, and electrochemical routes while economics and infrastructure shape deployment timing.
