Business

POSCO and Electra Sign Joint Development Agreement and Investment to Scale Clean Iron Production

The collaboration will focus on testing and qualifying the technologies needed for commercial production of Electra’s high-purity, clean ironBOULDER, Colo., April 28, 2026 (GLOBE NEWSWIRE) -- Today, Electra, a clean iron technology company, announced a joint development agreement (JDA) with POSCO, a leading global steel manufacturer, to scale clean iron production technologies. Along with the JDA, Electra also announced an investment from POSCO Investment, the corporate venture capital (CVC) arm

articlePosco Holdings Inc.April 28, 20262/company/posco-holdings-inc/news/posco-and-electra-sign-joint-development-agreement-and-investment-to-scale-clean-iron-production-1
POSCO and Electra Sign Joint Development Agreement and Investment to Scale Clean Iron Production

About this update from Posco Holdings Inc.

[{"type":"image","alt":"Electra","displaySize":"","headline":null,"caption":"Electra","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":40,"url":"https://media.zenfs.com/en/globenewswire.com/86605fbeee469cf415853e4c1b45ef4d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TS8mw0_2mkN5CN0qGRTutg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTU2/https://media.zenfs.com/en/globenewswire.com/86605fbeee469cf415853e4c1b45ef4d","width":300,"height":40}},"lazy":false},{"type":"text","content":"The collaboration will focus on testing and qualifying the technologies needed for commercial production of Electra’s high-purity, clean iron","length":141,"tagName":"p"},{"type":"text","content":"BOULDER, Colo., April 28, 2026 (GLOBE NEWSWIRE) -- Today, Electra, a clean iron technology company, announced a joint development agreement (JDA) with POSCO, a leading global steel manufacturer, to scale clean iron production technologies. Along with the JDA, Electra also announced an investment from POSCO Investment, the corporate venture capital (CVC) arm of POSCO Group.","length":375,"tagName":"p"},{"type":"text","content":"“POSCO brings deep experience in steelmaking, production technology and process development,” said Sandeep Nijhawan, Electra’s co‑founder and chief executive officer. “We’re building for the long term, and this partnership helps us scale thoughtfully as we bring clean iron to more customers.”","length":293,"tagName":"p"},{"type":"text","content":"Electra delivers 99% pure iron as a feedstock for electric arc furnace (EAF) steelmakers to produce high‑grade steel.","length":117,"tagName":"p"},{"type":"text","content":"“This partnership through the JDA aims to create strategic synergy between Electra’s innovative electrochemical process and POSCO’s proprietary direct-reduction ironmaking and engineering technologies,” said Kyungkeun Um, Head of POSCO’s Technical Research Laboratories.","length":270,"tagName":"p"},{"type":"text","content":"Together, the companies will test how POSCO’s decarbonization technology developments can integrate with Electra’s Clean Iron system at commercial scale.","length":153,"tagName":"p"},{"type":"text","content":"“Our CVC investment into Electra is our inaugural overseas strategic move, holding special significance as a climate-focused initiative aligned with the era of decarbonization,” said Keunhwan K...

More updates from Posco Holdings Inc.

POSCOJDAproduction technologiesproduction technologyglobal steel