ArcelorMittal

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

<div>
 
 Heliogen focuses on generating electricity and heat using an array of computer-controlled mirrors (heliostats) that collect and concentrate sunlight to generate ultra-high temperatures of around 1,000 &deg;C.&nbsp;
 
 
 Heliogen offers three solutions: 1) HelioHeat uses the company&rsquo;s solar concentration technology in heat-intensive industrial applications such as the production of cement, lime, and steel, etc. to reduce the use of fossil fuels to generate heat; 2) HelioPower combines the solar concentration technology with supercritical CO2 turbines to generate electricity to power industrial facilities, data centers, and mining operations; 3) HelioFuel uses the solar concentration technology to produce renewable-hydrogen.&nbsp;
 
 
 In October 2023, Heliogen achieved several milestones at its Capella Project, the world&rsquo;s first fully integrated Gen3 Concentrating Solar Power (CSP) commercial demonstration. The company deployed the first commercial-scale centrifugal particle receiver for on-sun testing and has completed the design verification of the prototype particle receiver.
 
 
 Key customers and partnerships
 
 
 In 
 <a href="https://sp-edge.com/updates/9408">
 March 2022
 </a>
 , Heliogen partnered with Woodside Energy to develop a 5 MW concentrated solar demonstration facility in California. The two companies also partnered to market Heliogen&rsquo;s technology jointly in the US and Australia. The company has also 
 <a href="https://sp-edge.com/updates/10119">
 partnered
 </a>
 with 1) Hanwha Power Systems; to develop a 5 MW electrical power block integrated with thermal energy storage, and 2) Vacuum Process Engineering and 3) Solex Thermal Science to develop a heat exchanger for its power block at the California demonstration project.
 
 
 In August 2022, Heliogen partnered with 
 <a href="https://sp-edge.com/updates/12180">
 Dimensional Energy
 </a>
 , to produce SAF from concentrated sunlight and green hydrogen.&nbsp; In June 2023, Heliogen signed an engineering services agreement with NantG Power to provide the latter with its core intellectual property to develop a pilot solar thermal calcination facility. In January 2024, Heliogen signed a joint development agreement with Omanor, that included the development of a concentrating solar power plant using Heliogen&rsquo;s technology and Heliogen&rsquo;s expansion into Mexico.
 
 
 Funding and financials&nbsp;
 
 
 In October 2022, Heliogen was awarded 
 <a href="https://sp-edge.com/updates/13999">
 USD 4.1 million
 </a>
 by the US Department of Energy Solar Energy Technologies Office, to fund a demonstration project to reduce carbon emissions from cement production. Prior to this, in 
 <a href="https://sp-edge.com/updates/10119">
 May 2022
 </a>
 , Heliogen received USD 50 million from Woodside to develop a concentrated solar demonstration facility. In 
 <a href="https://sp-edge.com/updates/7456">
 December 2021
 </a>
 , the company received USD 39 million from the US Department of Energy (DOE) to develop a supercritical carbon dioxide (sCO2) power cycle that operates using Heliogen&rsquo;s concentrated solar thermal energy. In June 2021 Heliogen raised USD 83 million from investors including ArcelorMittal (a Luxembourg-based multinational steel manufacturer), Edison International, Prime Movers Lab, Ocgrow Ventures, A.T. Gekko, and 8090 Partners to accelerate the global deployment of its technology.
 
 
 In November 2023, Heliogen began trading on the OTCQX Best Market under the ticker symbol &ldquo;HLGN.&rdquo; During the same month, the company was suspended from trading on NYSE. This was due to Heliogen falling below the NYSE&rsquo;s continued listing standard which requires listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least USD 15 million.&nbsp;
 
 
 The company was initially listed on NYSE in December 2021 through a special purpose acquisition company (SPAC) merger and received USD 188 million from the transaction.
 
</div>

Form Energy develops long-duration utility-scale energy storage applications to bridge renewable energy supply gaps. Form’s batteries last for around 100 hours, compared to conventional lithium-ion batteries used in utility-scale storage projects that last for only five to 10 hours. Form Energy’s co-founder, Mateo Jaramillo, was the former director of Tesla's stationary storage business.In July 2021, Form Energy unveiled its first long-duration energy storage solution to be commercialized. The product is a rechargeable iron-air battery. Form’s proprietary technology, known as “<a href="https://www.youtube.com/watch?v=Ui6wWzxCrQ8">reversible rusting</a>,” uses oxygen from ambient air to turn iron metal to rust when discharging (Fe + O2 + H2O = Fe(OH2) + energy). While charging, the electrical current converts the rust back to iron. The company claims its battery would cost 1/10th of the cost of conventional lithium-ion batteries.&nbsp;Form Energy invested USD 760 million to build its first iron-air battery manufacturing facility facility in West Virginia. The 1 million sq.ft. facility will have an annual production capacity of 500 MW of batteries when in full operation. Construction of the facility began in May 2023, following which it will begin manufacturing iron-air battery systems for commercialization in 2024.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/15524">December 2022</a>, Form Energy partnered with the state of West Virginia to build its first iron-air battery manufacturing facility. In <a href="https://sp-edge.com/updates/8400">February 2022</a>, Form Energy partnered with Georgia Power, a subsidiary of Southern Company, to commercially deploy a 15-megawatt project of energy storage systems.&nbsp;In <a href="https://sp-edge.com/updates/15973">January 2023</a>, the company partnered with Xcel Energy to deploy its iron-air battery systems at two of Xcel Energy’s retiring coal plant sites. The sites are expected to become operational in 2025. In <a href="https://sp-edge.com/updates/22692">September 2023</a>, Form Energy partnered with Dominion Energy Virginia to carry out a pilot project to test two potential alternatives to lithium-ion batteries: Form Energy’s iron-air batteries and Eos Energy’s zinc-hybrid batteries. In&nbsp;<a href="https://sp-edge.com/updates/34658">October 2024</a>, the company partnered with GE Vernova to expand its manufacturing operations and commercial deployment of its iron-air battery systems.Funding and financialsForm Energy’s latest funding was in <a href="https://sp-edge.com/updates/24967">December 2023</a>, when it was awarded a grant of USD 30 million from the California Energy Commission. The company planned to use the funds in the development and operation of its first project in California, a 5 MW/500 MWh multi-day energy storage system. The system was expected to be functional by 2025. Prior to this, in <a href="https://sp-edge.com/updates/21163">August 2023</a>, Form Energy received a USD 12 million grant from the New York State Energy Research and Development Authority (NYSERDA), to deploy a 10 MW/1,000 MWh iron-air battery system in New York. The system was expected to be functional by 2026.In October 2022, Form Energy raised USD 450 million in a <a href="https://sp-edge.com/updates/13524">Series E funding round</a> led by TPG Rise. The company plans to use the funds raised to accelerate its plans to develop a globally competitive battery manufacturing supply chain in the US. Prior to this in August 2021, Form Energy raised USD 240 million in a <a href="https://sp-edge.com/updates/5130">Series D funding round</a> led by the XCarb innovation fund, an initiative of ArcelorMittal.Competitors: None comparable (Only company developing 100+ hour energy storage)

Hydrogen Economy

<div>
 
 Heliogen is a next-generation power company that uses an array of computer-controlled mirrors (heliostats) to collect and concentrate sunlight to produce ultra-high temperatures of around 1,000 &deg;C for its &ldquo;Sunlight Refineries&rdquo; that generate heat, electricity, and green hydrogen.
 
 
 Applications of the company&rsquo;s technology include 1) &ldquo;HelioHeat,&rdquo; which uses the company&rsquo;s solar concentration technology in heat-intensive industrial applications such as cement, lime, and steel production to reduce the use of fossil fuels; 2) &ldquo;HelioPower,&rdquo; which combines the solar concentration technology with supercritical carbon dioxide turbines to generate electricity to power industrial facilities, data centers, and mining operations; 3) &ldquo;HelioFuel,&rdquo; which uses the solar concentration technology to produce renewable hydrogen.&nbsp;
 
 
 In February 2022, the company announced plans to deploy a 
 <a href="https://sp-edge.com/updates/8393">
 facility
 </a>
 in Arizona that would produce 20,000 tons of hydrogen per year. Later that year, Heliogen opened its first full-scale manufacturing facility located in Long Beach, California, which houses assembly lines, a test facility, and a rapid development center for the production of heliostats and other components for its concentrated solar power system.&nbsp;
 
 
 Key customers and partnerships
 
 
 In December 2021, Heliogen collaborated with CarbonCapture Inc. to develop sustainably-powered direct air capture (DAC) facilities. It also partnered with Woodside Energy, an Australian energy company, for the Capella Project, a 5 MW commercial concentrating solar power plant to be built by Heliogen in Kern County, California, with groundbreaking scheduled for 2024. In addition, Heliogen 
 <a href="https://sp-edge.com/updates/6782">
 partnered with Bloom Energy
 </a>
 to launch a green hydrogen production demonstration facility in California. In August 2022, the company partnered with 
 <a href="https://sp-edge.com/updates/12179">
 Dimensional Energy
 </a>
 to produce SAF from concentrated sunlight and green hydrogen.
 
 
 In July 2023, Heliogen signed an agreement to supply the city of Lancaster with green hydrogen from its local Proxima plant. Around the same time, the company partnered with NantGPower to develop a pilot solar calcination facility at Proxima to reduce carbon emissions from cement production and lithium extraction. In January 2024, Heliogen announced a joint development agreement with Omanor to build a facility in Mexico to harness the country&rsquo;s solar potential.&nbsp;
 
 
 Funding and financials
 
 
 In October 2022, Heliogen was awarded 
 <a href="https://sp-edge.com/updates/13998">
 USD 4.1 million
 </a>
 by the US Department of Energy Solar Energy Technologies Office, to fund a demonstration project to reduce carbon emissions from cement production. In May 2022, the company received 
 <a href="https://sp-edge.com/updates/10119">
 USD 50 million
 </a>
 in funding from Woodside Energy, and a previously announced 
 <a href="https://sp-edge.com/updates/7456">
 USD 39 million
 
 </a>
 grant from the US Department of Energy (DOE), to deploy a solar demonstration facility.&nbsp;
 
 
 In December 2021, Heliogen was listed on the NYSE through a special purpose acquisition company (SPAC) merger. The company received USD 188 million from the transaction and expects to use the proceeds to scale heliostat manufacturing and R&amp;D activities. In November 2023, the NYSE suspended trading of Heliogen's shares and initiated delisting proceedings.
 
 
 Key competitors:
 None comparable (uses solar concentration technology to produce renewable hydrogen)
 
</div>

Israel-based H2Pro provides renewable energy solutions, specializing in Electrochemical-Thermally Activated Chemical (E-TAC) technology, which it claims is a highly-efficient water electrolysis method for green hydrogen production. H2Pro claims that its technology is 95% efficient, meaning that it loses only about 5% of the electrical energy that goes into it, as opposed to around 30% in current electrolysis methods.The company has been conducting laboratory prototyping, producing about 100 grams of green hydrogen per day as of December 2020. In March 2022, H2Pro began construction of its first factory in Tziporit, Israel, with a capacity to produce 600 MW of green hydrogen per year, and plans to begin operations in 2024. The company expects to deliver hydrogen at less than USD 2 per kilogram (kg) by 2023, and less than USD 1 per kg after 2025, compared to USD 2.5–USD 6.8 per kg in December 2020.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/12071">August 2022</a>, H2Pro entered into a strategic agreement with Doral Energy, a renewable energy provider listed on the Tel Aviv Stock Exchange in Israel, to supply 200 MW of H2Pro’s E-TAC electrolyzers, for projects in Europe, the US, and Israel. In November 2022, the company partnered with <a href="https://sp-edge.com/updates/14478">Gaia Energy</a>, an African renewable energy company, to jointly develop a gigawatt-scale green hydrogen project. In March 2023, H2Pro partnered with Sumitomo Corporation to provide its E-TAC MW scale electrolyzers for use in green hydrogen and green ammonia projects.Funding and financialsH2Pro’s most recent funding round was in February 2022, when it raised USD 75 million in Series B financing, with investors including Temasek, Horizons Ventures, Breakthrough Energy Ventures, Yara, and ArcelorMittal. The funds will be used to set up a commercial manufacturing facility to supply green hydrogen on a utility scale. Previously, in December 2020, the company raised USD 22 million in a Series A funding round from Bill Gates, Li Ka-shing, Sumitomo Corporation (Japan), and Hyundai (South Korea), to further develop the technology and scale the company’s manufacturing capabilities.

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

Illinois-based LanzaTech has developed the technology to capture carbon dioxide emissions from industrial applications and ferment them using bacteria to produce ethanol, which can be used in industrial chemicals and biofuel production. As of June 2022, LanzaTech held over 1,115 patents, and was in the early stages of commercialization. LanzaTech was reported to be focusing on two more spin-off technologies: 1) using ethanol to produce ethylene – which is used to make both polyethylene for plastic bottles as well as clothing fibers – and 2) using bacteria used in the fermentation process to produce commercial proteins.In 2018, LanzaTech partnered with Shougang Group (a leading Chinese iron and steel producer) to develop the world’s first commercial facility to convert industrial emissions to ethanol in China. LanzaTech had been exploring several pathways to convert its sustainable ethanol into valuable commercial products, from cleaning products to product packaging to sustainable clothing.Key customers and partnershipsLanzaTech’s sustainable ethanol has been used in Swiss company Mibelle’s cleaning products and <a href="https://sp-edge.com/updates/5670">plastic bottles </a>, L’Oreal’s hair product packaging, Unilever's laundry capsules, Coty’s fragrance products, and <a href="https://sp-edge.com/updates/13265">On and Borealis’s </a>running shoes. LanzaTech had also partnered with the German chemical company BASF to develop n-octanol on a laboratory scale, the carbon transformation startup <a href="https://sp-edge.com/companies/427874">Twelve </a>to develop polypropylene from carbon emissions, Spray Engineering Devices Limited (SED) (a leading Indian engineering company) to convert bagasse to ethanol in India and <a href="https://sp-edge.com/updates/9375">SHV Energy </a>(a Netherlands-based renewable energy solutions provider) to develop renewable propane. For textiles, the company <a href="https://sp-edge.com/updates/4299">partnered </a>with Canadian athletic apparel company lululemon to develop yarn and fabric using recycled carbon emissions. In May 2022, LanzaTech had also <a href="https://sp-edge.com/updates/10751">partnered </a>with Danone (a French multinational food producer) to produce monoethylene-glycol (MEG) directly from captured carbon emissions, for use in PET bottles and fibers. During mid-2023, the company partnered with <a href="https://sp-edge.com/updates/18714">Plastipak Packaging </a>to successfully launch the world's first polyethylene terephthalate (PET) resin, called “PPKNatura” made from captured carbon emissions.Funding and financialsIn March 2022, LanzaTech entered into a <a href="https://sp-edge.com/updates/8985">SPAC deal </a>to list on Nasdaq, at valuation of USD 2.2 billion. The transaction was expected to close in Q3 2022. In December 2021, the company had raised USD 30 million led by <a href="https://sp-edge.com/updates/7279">ArcelorMittal </a>. LanzaTech’s revenue was USD 62.6 million in 2023 and operating loss for the same period amounted to USD 104.4 million. The company has expected its revenue to reach a level between USD 90 million and USD 105 million in 2024, corresponding to negative adjusted EBITDA that is between USD (65) million and USD (55) million.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

CHAR Technologies is a CleanTech company focused on organic waste pyrolysis and biocarbon development. It utilizes a proprietary high-temperature pyrolysis (HTP) technology to transform waste streams into syngas and biocarbon. In 2014, it was publicly listed under the “YES” ticker in the Toronto Stock Exchange.The company had completed <a href="https://chartechnologies.com/char-produces-biocoal-at-canadas-largest-rng-biocoal-facility-to-complete-phase-1-of-the-project/">Phase 1</a> of the Thorold Renewable Natural Gas &amp; Biocoal project, with the initial production of bio-coal in Thorold. The facility was projected to reach initial operations in 2025. Key customers and partnershipsIn March 2023, the company partnered with <a href="https://sp-edge.com/updates/17378">Synagro Technologies</a> to demonstrate CHAR’s proprietary HTP process to eliminate PFAS (Per- and polyfluoroalkyl substances) from bio-solids to generate renewable energy and biochar.In April 2023, CHAR Technologies Ltd. signed a Memorandum of Understanding (MOU) with <a href="https://chartechnologies.com/char-technologies-signs-mou-with-first-nations-co-op-lnfmi-to-build-lake-nipigon-rng-and-biocarbon-facility/">Lake Nipigon Forest Management Inc</a>. to develop a wood waste and residues to renewable natural gas (RNG) and biocarbon facility in the Lake Nipigon Region, Ontario.In July 2023, CHAR has signed an MOU with <a href="https://corporate.arcelormittal.com/media/press-releases/arcelormittal-announces-results-of-its-xcarb-innovation-fund-accelerator-programme-and-invests-5-million-in-char-technologies">ArcelorMittal Dofasco</a>, a steel and mining company, to purchase biocarbon from CHAR’s Thorold, Ontario, facility to test the use of it as a partial replacement for fossil coal in the latter’s steelmaking processes. Funding and FinancialsThe company’s most recent funding was in <a href="https://chartechnologies.com/char-technologies-announces-cad6-6m-strategic-investment-by-arcelormittal-and-annual-biocarbon-purchase-agreement/">July 2023</a>, when it received a CAD 6.6 million (~USD 5 million) investment by ArcelorMittal S.A and ArcelorMittal’s XCarb Innovation Fund. Previously, in <a href="https://chartechnologies.com/char-technologies-secures-1-43m-contribution-from-natural-resources-canada-for-sustainable-energy-project-in-terrace-british-columbia/">June 2023</a>, CHAR was awarded a USD 1.43 million grant from the Government of Canada through (NRCan) Clean Fuels Fund.

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

LanzaTech has developed the technology to capture carbon dioxide emissions from industrial applications and ferment them using bacteria to produce ethanol, which can be used in industrial chemicals and biofuel production. As of June 2022, LanzaTech held over 1,115 patents, and was in the early stages of commercialization.In 2018, LanzaTech partnered with Shougang Group (a leading Chinese iron and steel producer) to develop the world’s first commercial facility to convert industrial emissions to ethanol in China. LanzaTech has been exploring several pathways to convert its sustainable ethanol into valuable commercial products, from cleaning products to product packaging to sustainable clothing.&nbsp;In June 2020, LanzaTech announced a new venture, LanzaJet, to produce sustainable aviation fuel (SAF) using low carbon intensity ethanol. In <a href="https://sp-edge.com/updates/13690">October 2022 </a>, LanzaTech successfully engineered specialized biocatalysts to directly produce ethylene from CO2 in a continuous process. The company had previously produced ethylene by using ethanol produced from carbon emissions and converting it to ethylene. The company is also using bacteria used in the fermentation process to produce commercial proteins. In&nbsp;<a href="https://sp-edge.com/updates/34752">October 2024</a>, LanzaTech expanded its biorefining platform capabilities to include the production of LanzaTech Nutritional Protein (LNP), a protein made from the soil bacterium cupriavidus necator.Key customers and partnershipsLanzaTech’s sustainable ethanol has been used in Swiss company Mibelle’s cleaning products, L’Oreal’s hair product packaging, Unilever's laundry capsules, Coty’s fragrance products, and On and Borealis’s running shoes. LanzaTech has also partnered with the German chemical company BASF to develop n-octanol at laboratory scale, the carbon transformation startup <a href="https://sp-edge.com/companies/427874">Twelve </a>to develop polypropylene from carbon emissions, Spray Engineering Devices Limited (SED), a leading Indian engineering company, to convert bagasse to ethanol in India and <a href="https://sp-edge.com/updates/9376">SHV Energy </a>, a Netherlands-based renewable energy solutions provider, to develop renewable propane.&nbsp;LanzaTech has partnered with Mitsui &amp; Co (a Japanese conglomerate), Suncor Energy (a Canadian oil and gas producer), and All Nippon Airways (the largest airline in Japan) for its LanzaJet venture. &nbsp;In <a href="https://sp-edge.com/updates/14094">October 2022 </a>, LanzaTech extended its partnership with Suncor to deploy a demonstration facility that converts waste-based feedstock into ethanol and other chemicals. LanzaTech has also signed a memorandum of understanding (MoU) with Vattenfall (a Swedish utility company), Shell, and Scandinavian Airlines System (SAS) to explore the production of synthetic SAF.LanzaJet has partnered with <a href="https://sp-edge.com/companies/455517">Carbon Engineering </a>to investigate the feasibility of a commercial facility in the UK to produce more than 100 million liters of SAF per year. LanzaTech <a href="https://sp-edge.com/updates/9296">partnered </a>with Woodside and ReCarbon to examine the feasibility of building a CCU facility in Perth, Australia. In April 2022, LanzaTech also collaborated with Bridgestone Americas for tire recycling.&nbsp; In May 2022, LanzaTech <a href="https://sp-edge.com/updates/10750">partnered </a>with Danone (a French multinational food producer) to produce monoethylene-glycol (MEG) directly from captured carbon emissions, for use in PET bottles and fibers.In September 2022, LanzaTech together with <a href="https://sp-edge.com/updates/13090">On </a>, a Swiss shoe manufacturer, launched its first shoe made from carbon emissions, called Cloudprime. LanzaTech also partnered with <a href="https://sp-edge.com/updates/13316">Givaudan </a>, a global cosmetics and fragrance company, to develop sustainable fragrance ingredients from renewable carbon.&nbsp;In October 2022, LanzaTech entered into a funding partnership with <a href="https://sp-edge.com/updates/13521">Brookfield Renewable </a>to build new commercial-scale production plants to transform captured carbon into raw material commodities. During the same month, the company partnered with <a href="https://sp-edge.com/updates/14002">Woodside Energy </a>to design, construct, own, maintain, and operate pilot facilities relating to LanzaTech’s proprietary technologies.In July 2023, LanzaTech signed a joint agreement with <a href="https://sp-edge.com/updates/20048">Technip Energies </a>, a French engineering and technology company, to produce ethylene from waste carbon. In October 2023, the company entered into a joint venture with the <a href="https://sp-edge.com/updates/23108">Olayan Financing Company </a>to deploy LanzaTech's carbon recycling technology in hard-to-abate industries in Saudi Arabia and the Middle East. In December 2023, LanzaTech partnered with <a href="https://sp-edge.com/updates/24850">Tadweer </a>, an Abu Dhabi-based waste management entity, to launch a feasibility study for converting municipal and commercial solid waste into sustainable aviation fuel (SAF). In <a href="https://sp-edge.com/updates/30992">June 2024 </a>, LanzaTech and LanzaJet joined forces to launch CiculAir, an innovative solution that converts waste, carbon, and renewable energy into SAF. In <a href="https://sp-edge.com/updates/30992">August 2024 </a>, LanzaTech was awarded a contract by Jakson Green to supply 4G ethanol technology to NTPC Limited, India's largest power generation utility company. During the same month, the company <a href="https://sp-edge.com/updates/32788">partnered </a>with LanzaJet and Wagner Sustainable Fuels, an Australian SAF provider, to equip the latter’s Brisbane SAF refinery with the CirculAir platform for SAF production. In <a href="https://sp-edge.com/updates/33287">September 2024 </a>, LanzaTech signed a master license agreement with SEKISUI CHEMICAL, a Japanese plastics manufacturer, to build commercial-scale waste-to-ethanol facilities across Japan.&nbsp;

Empowering sustainable food innovation through food engineering tech

Alternative Ingredients

LanzaTech Global, Inc. is a carbon recycling company that transforms waste carbon into sustainable products through its proprietary gas fermentation process.&nbsp;The company primarily focuses on producing ethanol from industrial emissions, particularly carbon monoxide generated from steel production, but expanded to the production of protein in 2024.In&nbsp;<a href="https://sp-edge.com/updates/34746">October 2024</a>, LanzaTech expanded its biorefining platform capabilities to include the production of LanzaTech Nutritional Protein (LNP), a protein made from the soil bacterium cupriavidus necator, as an alternative to plant and animal-based proteins. LNP is produced using a new microbe in the company's gas fermentation process, using CO2 as a feedstock. This protein has a complete amino acid profile, no allergenicity, and uses significantly less land and water resources compared with traditional protein sources.&nbsp;As of August 2023, LanzaTech was also exploring the production of omega-3 fatty acids from acetate and has demonstrated the production of isopropyl alcohol and acetone at a demonstration scale.As of 2024, LanzaTech operates commercial plants in China and has facilities coming online in India, Belgium, and China. The company also has demonstration-scale plants using municipal waste emissions in Japan and has similar plants planned in the Middle East and Italy.Key customers and partnershipsIn the human food sector, LanzaTech collaborated with Mattson, a food and beverage innovation firm, in October 2024, to prototype LNP in various food applications.&nbsp;Additionally, it partnered with the US Navy Research Lab in October 2024 on a joint research project to evaluate the viability of creating nutritional proteins on military platforms, exploring the potential of producing protein from CO2 extracted from seawater.

Utility Global is the develops of eXERO™, a gas production technology, aimed at achieving an affordable, beyond-net-zero, low-carbon future. The company has created a proprietary reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, all without the need for electricity. This system enables on-site carbon capture from a single cost-effective location. In the steelmaking industry, the hydrogen generated can be reused to replace coke, while the concentrated CO2 stream's purity makes carbon capture simpler and more economical—a key step in decarbonizing steel production.

Vallourec is a premium tubular solution for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new-generation power plants, challenging architectural projects, and high-performance mechanical equipment.

CHAR Technologies is a temperature pyrolysis company that converts woody materials and organic waste into renewable gases such as renewable natural gas, green hydrogen, and biocarbon. Custom equipment for industrial water treatment is available, as services in environmental compliance, environmental management, site investigation, and remediation, engineering, and resource efficiency. They are engaged in providing cutting-edge service and technology solutions.

LanzaTech is turning our global carbon crisis into a feedstock opportunity with the potential to displace 30% of crude oil use today and reduce global CO2 emissions by 10%. By recycling carbon from industrial off-gases; syngas generated from any biomass resource (e.g. municipal solid waste (MSW), organic industrial waste, agricultural waste); and reformed biogas, LanzaTech can reduce emissions and make new products for a circular carbon economy. LanzaTech’s carbon recycling technology is like retrofitting a brewery onto an emission source like a steel mill or a landfill site, but instead of using sugars and yeast to make beer, pollution is converted by bacteria to fuels and chemicals! Imagine a day when your plane is powered by recycled GHG emissions, when your yoga pants started life as pollution from a steel mill. This future is possible using LanzaTech technology.

Boston Metal is a metallurgy company developing technology to reduce the carbon footprint of steel production. The company provides industrial-scale, metal production solutions utilizing its Molten Oxide Electrolysis (MOE) process. MOE provides the metals industry with a more efficient, lower-cost, and greener solution for the production of a wide array of metals and alloys from a wide variety of feedstocks. Boston Metal was spun out of MIT in 2012 with an investment from Ingo Wender and has since scaled the technology 1,000x and produced thousands of kilograms of metal. Boston Metal’s headquarters and industrial development center are located in Woburn, MA.

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply wind and solar power to the grid. The company's technology transforms the electric grid by making renewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work.

Take your company into the future using IoT and Industry 4.0 resources: increase your productivity, lower your costs, monitor your efficiency and use artificial intelligence to make the best decisions.

H2Pro is a renewable energy company that is working on an efficient green hydrogen production method - E-TAC. Its mission is to enable the wide-scale adoption of sustainable hydrogen fuel by introducing a novel water-splitting technology.

Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.

Guaranteed provides a repair and rebuild service for large industrial components using direct energy deposition technologies. It allows the repairing and rebuilding of large slow movers, reducing the long lead times, eliminating the need for large amounts of new raw materials, and avoiding storage or transportation costs.

Solyndra is a manufacturer of cylindrical panels of CIGS thin-film solar cells based in Fremont, California.  Solyndra designs and manufactures photovoltaic systems, comprised of panels and mounting hardware, for the commercial rooftop market. Solyndra employs high volume manufacturing based on proven technologies and processes to meet the needs of the global solar market. Using proprietary cylindrical modules and thin-film technology, Solyndra systems are designed to provide the lowest installed cost per system and the highest solar electrical energy output for typical low slope commercial rooftops. Founded in 2005 and headquartered in Fremont, California, Solyndra operates a state-of-the-art 300,000 square foot fully-automated manufacturing complex.

ArcelorMittal specializes in mining and building steel. They develop technologies to reduce the carbon footprint of steel. They serve various industries including automotive, construction, household appliances, and packaging.

<div> ArcelorMittal (NYSE: MT) is a leading global steel and mining company headquartered in Luxembourg City, Luxembourg. Founded in 2006 through the merger of Arcelor and Mittal Steel, ArcelorMittal has grown to become the world's largest steel producer, with operations in over 60 countries and primary steelmaking facilities in 15 countries. ArcelorMittal produces a wide range of steel products to serve industries such as automotive, construction, household appliances, and packaging. The company's operations span the entire steel value chain, from iron ore and coal mining to finished steel products. In 2023, ArcelorMittal reported revenues of USD 68.3 billion and crude steel production of 58.1 million metric tonnes. ArcelorMittal has a strong focus on research and development, with engineers working to develop innovative steel solutions. The company is investing heavily in decarbonization technologies and has set targets to reduce CO2 emissions by 25% by 2030 compared to 2018 levels. Key initiatives include expanding the use of electric arc furnaces, developing low-carbon steelmaking processes, and increasing the use of scrap steel in production. The company continues to pursue strategic growth opportunities globally. Recent projects include capacity expansions in Brazil, India and Liberia, as well as investments in electrical steel production capabilities. ArcelorMittal is also growing its presence in high-value added products through acquisitions in areas like tubular products and insulation panels for sustainable construction. </div>

ArcelorMittal/Nippon Steel to set up steel plant in Andhra Pradesh with investment of Rs 61,780 crore

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

Renishaw offers a range of 3D printers for metal printing using metal powder bed fusion (laser melting) technology. Its flagship printers, the Ren500 series, comprises RenAM 500 Flex, an open powder 3D system; RenAM 500 Q, a laser power bed cost effective system; and the RenAM 500 Ultra, which incorporates the patented TEMPUS technology (a scanning algorithm for 3D printers to maintain quality).

Renishaw offers various AM software solutions for it's 3D printers. The software offerings include 1) InfiniAM Central, a remote AM software with the ability to monitor operations in real time; 2) InfiniAM Spectral, a energy input and melt-pool emissions monitoring solution for AM systems; 3) QuantAM build preparation software, a file preparation software tool for specifically Renishaw additive manufacturing (AM) systems; and 4) QuantAM Dental, a 3D printing software for dental additive manufacturing systems.

The company offers metal powders including titanium alloy Ti6Al4V, nickel alloys inconel 625 and 718, cobalt chromium, and aluminium alloy AlSi10Mg. 

In October 2024, Renishaw introduced five new processable materials for its RenAM 500 series of metal additive manufacturing systems. The new materials are commercially pure copper, H13 tool steel, Hastelloy X alloy, super duplex stainless steel, and AlSi7Mg aluminum alloy. The company also added powder layer thicknesses to its current processable materials, including 90 μm titanium grade 23, 70 μm stainless steel 316L, and 120 μm Inconel 718 parameters. Notably, Renishaw incorporated Plastometrex's proprietary PIP (Profilometry-based Indentation Plastometry) testing method in its material data sheets.

Companies that develop hardware and software for post-printing operations like cleaning, surfacing, and coloring.

Companies that use additive manufacturing technology to manufacture components, parts, products, on-demand. This includes contract manufacturers and companies that operate their own manufacturing plants.

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<div>
 ArcelorMittal, a steel solutions provider, is collaborating with HP to create steel additive manufacturing solutions through the use of HP's Metal Jet S100 technology.
 This partnership will see ArcelorMittal incorporating its steel powders with HP's binder jetting technology. ArcelorMittal's research center will also serve as a hub for developing new applications with clients. The goal of this collaboration is to decrease cost per part and expand material options for 3D printing, especially within the automotive industry. 
</div> Analyst QuickTake: 
 ArcelorMittal has been gradually expanding its presence in the steel additive manufacturing through partnerships after it <a href="https: 
//sp-edge.com/updates/24011"> entered the additive manufacturing market </a> almost exactly one year ago. This marks its second partnership since it <a href="https: 
//sp-edge.com/updates/30133"> signed an MOU with Materialise in June </a> to collaborate on solutions for optimizing laser powder bed fusion (LPBF) equipment and metal 3D printing strategies.

ArcelorMittal

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