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Startup Claims Its Green Steel Will Be Cheaper Than Regular Steel

Bloomberg · last updated

A startup backed by tech billionaires Bill Gates and Vinod Khosla says it has successfully tested a new approach for making steel that minimizes planet-warming emissions without raising costs above traditional steel.

Hertha Metals, based in Conroe, Texas, says it now can produce one ton of green steel per day in a pilot facility outside Houston that takes fewer steps and resources than existing methods. While the volume is insignificant, the startup describes the output as a crucial milestone for a technology that’s only a few years old.

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