Category: steel
Eying sustainability gains for its supply chain, BMW backs Boston Metal’s CO2-free iron production tech
BMW has joined the cohort of investors that are backing Boston Metal’s carbon dioxide-free production technology for steel. The Boston-based startup had targeted a $50 million raise earlier in the year, as TechCrunch reported, and BMW’s addition closes out that round, according to a person familiar with the company. Through…
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China launched its national carbon trading market yesterday
Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets can work effectively. China is the world’s largest emitter of greenhouse gases and its share of the…
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Looking to decarbonize the metal industry, Bill Gates-backed Boston Metal raises $50 million
Steel production accounts for roughly 8 percent of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental…
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Skyroot successfully test fires India’s first privately-made solid rocket stage
Rocket launch startup Skyroot is closing out 2020 with a key milestone in the development program for their Vikram-I launch vehicle: A successful test firing of a solid rocket propulsion stage that serves as a demonstrator of the same tech to be used in the production Vikram. This is the…
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BTS label Big Hit Entertainment inks broad partnership with streaming tech company Kiswe
The town of New Providence, N.J. may seem like an unlikely home for a company that’s just inked a new deal with Big Hit Entertainment (the label behind the global K-pop supergroup BTS) and raised tens of millions of dollars from some of the largest venture capital firms in the…
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The missing links to grading Harley Davidson’s EV pivot
As Harley Davidson rounds year one on its electric debut, we’re still riding in the fog on how to evaluate the company’s EV pivot. The American symbol of gas, chrome, and steel released its first production electric motorcycle, the LiveWire last fall. The $29,799 machine is the first in a…
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