ArcelorMittal announced an investment in Electrified Thermal Solutions (‘Electrified Thermal’) through its XCarb® Innovation Fund. The Fund, launched in 2021, invests in companies developing disruptive technologies that have the potential to support the decarbonisation of steelmaking.
Electrified Thermal, a US-based company, has developed a breakthrough technology that electrifies industrial heat generation. Originating at Massachusetts Institute of Technology and developed over the past decade, Electrified Thermal’s patented firebricks sit at the heart of its Joule Hive™ Thermal Battery (JHTB) system.
Alongside the investment, ArcelorMittal and Electrified Thermal have signed a Memorandum of Understanding to explore technology validation tests at ArcelorMittal’s GasLab facility in Asturias and pilot deployment pathways within ArcelorMittal operations.
Courtesy of ArcelorMittal