Boston Metal just scored a $120 million round.
"Whenever I hear an idea for what we can do to keep global warming in check — whether it's over a conference table or a cheeseburger — I always ask this question: 'What's your plan for steel?'" Gates wroteOn Friday, Boston Metal announced it has raised $120 million Series C round, led by multinational steel giant ArcelorMittal, with funding from Microsoft's Climate Innovation Fund as well.
, which include being carbon negative by 2030 and removing all of the company's historic carbon emissions since the company was founded in 1975. Boston Metal's technology, Molten Oxide Electrolysis, passes electricity through the iron oxide mixed with what Carneiro calls a "soup of other oxides" to make iron and oxygen. Oxides are chemical compounds that contain at least one oxygen atom, and Boston's process includes common oxides like alumina, silica, calcium and magnesium.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boston Medical Center president to lead as new HHS SecretaryGov. Maura Healey has tapped Kate Walsh, president and CEO of Boston Medical Center, to lead the state's sprawling health and human services secretariat, the largest department in state government that manages everything from MassHealth to the child welfare system and the opioid epidemic, according to a source familiar with the search.
Read more »
Lego to move from Connecticut to Boston starting in 2025The Lego Group announced Tuesday that it will move its North American headquarters from Enfield, Connecticut, to Boston, Massachusetts, by the end of 2026.
Read more »
Director Georden West on Lady Bunny-Starring ‘Playland,’ an Homage to Boston’s Queer Scene (EXCLUSIVE)Having its world premiere at the Intl. Film Festival Rotterdam, Georden West’s directorial debut “Playland” is an interdisciplinary film about the titular establishment, Boston’s oldest gay bar. “I…
Read more »
READ: Boston Mayor Michelle Wu's first State of the City addressRead Boston Mayor Michelle Wu's first State of the City address, delivered Wednesday evening.
Read more »
DeSantis' rejection of AP course 'carries the stench of white slaveowners,' claims Boston Globe opinion pieceBoston Globe opinion columnist Renée Graham joined the chorus of criticism against Gov. Ron DeSantis' decision to ban an AP African American studies class for 'woke' content.
Read more »
Alzheimer’s study in Boston looking at possible treatment to prevent the diseaseBoston medical researchers are hoping to get ahead of Alzheimer’s by testing a possible treatment in patients who don’t have symptoms but may be at risk for the progressive disease.
Read more »