12,792.81 TRY BIST 100 BIST 100
50.93 EUR EUR EUR
44.08 USD USD USD
6.41 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
38.46 TRY Interest Interest
107.56 USD Fossil Oil Fossil Oil
5.75 USD Copper Copper
118.28 USD Silver Silver
100.32 USD Iron Ore Iron Ore
360.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,256.58 TRY Gold (gr) Gold (gr)
102.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

ArcelorMittal launches collaboration on electric heating and thermal energy storage

ArcelorMittal stated that it has invested in US-based Electrified Thermal Solutions through the XCarb Innovation Fund and signed a Memorandum of Understanding (MoU) to develop electric heating and thermal energy storage technologies.

ArcelorMittal launches collaboration on electric heating and thermal energy storage

Electrified Thermal’s Joule Hive™ Thermal Battery (JHTB) system, developed at the Massachusetts Institute of Technology, can store heat up to 1,700°C using conductive fire bricks and renewable electricity. The technology has the potential to replace fossil fuel-based thermal energy currently used in steelmaking processes such as blast furnace hot stoves, pre-rolling plate heating, and annealing.

The company’s first commercial demonstration plant with a 1MW/5MWh capacity is under construction at the Southwest Research Institute in Texas, with commissioning planned for the second half of 2025.

ArcelorMittal and Electrified Thermal will also collaborate on technology validation tests at the GasLab facility in Asturias, Spain, and on pilot applications within ArcelorMittal’s production lines.

Irina Gorbounova, Chair of the XCarb Innovation Fund, stated: “Electrifying high-temperature heating processes in steel production and thereby reducing reliance on fossil fuels is a widely recognized challenge. Electrified Thermal’s patented technology stood out in the market for companies seeking to address this. They have made good progress in recent years, and we are investing in the company at an important time as they attempt to move to commercial-scale pilots. We are therefore pleased to make this investment and excited about our collaboration to further develop their technologies through testing and potential deployment in our industrial facilities.”

Joey Kabel, Co-Founder and CTO of Electrified Thermal Solutions, emphasized that the partnership with ArcelorMittal will accelerate the process: “Integrating our technology into existing infrastructure at low cost has the potential to accelerate decarbonization in steel production.”

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Al Jazeera Steel announced the official opening of its medium section steel mill in Abu Dhabi

Monday, March 9, 2026

The announcement date for the first CBAM certificate price has been confirmed

Monday, March 9, 2026

The European Fasteners Association reacted to the CBAM implementation

Monday, March 9, 2026

Turkish Exporters’ Assembly meets with EUROMETAL in Brussels

Monday, March 9, 2026

Ukraine has initiated an anti-dumping (AD) investigation on welded steel pipes originating from Türkiye

Monday, March 9, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now