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MIT Technology Review

MIT Technology Review

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Technology

This startup just hit a big milestone for green steel production

MIT Technology Review
Summary
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77% Informative

Boston Metal successfully ran its largest reactor yet to make steel, producing over a ton of metal.

The company’s process uses electricity in a process called molten oxide electrolysis ( MOE ) This process emits oxygen rather than carbon dioxide (that infamous greenhouse gas) If renewables like wind and solar power are used as the source of electricity, then this approach can virtually cut out the climate impact from steel production.

Boston Metal has been at this for over a decade, and it’s fascinating to see the company make progress toward becoming a player in this massive industry.

Oil companies including Shell , BP , and Equinor are rolling back climate commitments and ramping up fossil-fuel production.

The cost of building and maintaining the grid is shared by everyone who pays for electricity.