https://newsletter.mw.creamermedia.com
Energy|Gas|generation|Industrial|Mining|Renewable Energy|Steel|Technology|Solutions
Energy|Gas|generation|Industrial|Mining|Renewable Energy|Steel|Technology|Solutions
energy|gas|generation|industrial|mining|renewable-energy|steel|technology|solutions

Brazilian miner Vale invests in US startup as part of decarbonisation push

12th December 2024

By: Reuters

  

Font size: - +

Vale Ventures, the corporate venture capital initiative of Brazilian miner Vale, said on Thursday it has invested in a Boston-based startup focused on developing solutions to decarbonise heat generation.

The firm, Electrified Thermal Solutions, owns technology for heating industrial furnaces through electricity, without the use of fossil fuels, the mining giant said.

The technology has strong potential for reducing greenhouse gas emissions in industrial processes in hard-to-abate sectors, such as the mining and steel industries, according to the mining firm.

"What this startup managed to develop was a technology that uses electricity generated with renewable energy, clean energy, to create heat of up to 1 800 °C, Vale Ventures chief Bruno Arcadier told Reuters.

The miner invested an undisclosed amount to obtain a minority share in the Boston-based company as part of a $19-million round of funding for the tech firm.

Edited by Reuters

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer
Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.091 0.166s - 128pq - 2rq
Subscribe Now