Meta Invests in Clean Iron Startup Electra Through Environmental Credit Purchase
Meta has reportedly agreed to purchase environmental credits from clean iron startup Electra, marking another major tech investment in green steel alternatives. The agreement comes alongside Electra’s announcements of partnerships with steel buyers Nucor and Toyota Tsusho and plans for its first commercial demonstration facility in Colorado.
Tech Giant Backs Clean Iron Innovation
Meta Platforms has reportedly agreed to purchase environmental attribute certificates from clean iron startup Electra, according to recent announcements. Sources indicate this move represents the latest in a series of tech industry investments aimed at supporting low-carbon steel production alternatives.