Boston Metal, the company delivering a future where steel production is emissions-free, announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a USD 50 million close announced in January.
The company’s Series B also includes new investors BHP Ventures, Piva Capital, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments, alongside existing investors Breakthrough Energy Ventures, Prelude Ventures, OGCI Climate Investments, and The Engine. The Series B will allow Boston Metal to validate its patented inert anode technology at industrial-scale, further expand its team, and deploy its molten oxide electrolysis process with customers, starting with high value ferroalloy production as it advances toward steel applications.
Boston Metal is a global metals technology solutions company that is commercializing molten oxide electrolysis, a patented tonnage metals production platform. MOE provides the metals industry with a more efficient, lower cost, and greener solution for the production of a wide variety of metals and alloys from a wide variety of feedstocks. Boston Metal works closely with customers to tailor the MOE technology for specific alloys, feedstocks, and business needs.