We’re building a direct, scalable steel decarbonization solution
And ramping up a high-value metals business in Brazil
Boston Metal Closes $262M Series C Funding Round to Decarbonize Steelmaking and Disrupt the Metals Industry
Capital will support commercial deployments for high-value metals production and bring Molten Oxide Electrolysis to market for green steel manufacturing
Disrupting steelmaking for a net-zero future
We’re commercializing a one-step decarbonization technology that uses clean electricity instead of fossil fuels to produce green steel. Our game-changing technology platform is cost-effective, scalable, and creates value throughout the steel value chain.
Zero CO₂ Emissions
No coal, coke, or other carbon-intensive fuels
Powered by renewable electricity, Molten Oxide Electrolysis (MOE) converts all iron ore grades into liquid metal and oxygen by separating oxides at high temperatures.
Cost Competitive
Capex is a fraction of integrated steelmaking
Compared to traditional production methods, our technology offers a more efficient, lower cost, and environmentally sustainable solution across the steel value chain. It’s competitive without a carbon tax.
Modular
Tailormade solution for metals production around the globe
Boston Metal’s modular MOE cells are about the size of a school bus and can be scaled — from thousands to millions of tons of output — simply by adding new cells.
Our Molten Oxide Electrolysis cells are already producing liquid iron and ferroalloys
Our steel decarbonization technology is on track to reach commercialization by 2026 to meet growing global demand for green steel, and our high-value metals business will produce revenue in 2024.
Infographic: Transforming Steel Production
Steel is the foundation of our world. But, steelmaking is extremely carbon intensive and accounts for about 10% of global CO2 emissions. The steel industry needs a direct, scalable solution to reach net-zero on the timeline society is demanding.
Recent news & resources
World-class investor syndicate
We’re backed by a leading steelmaker, top cleantech venture capital funds, mining companies, and steel users committed to decarbonizing heavy industries for a net-zero future.
Fact Sheet
Boston Metal is commercializing Molten Oxide Electrolysis (MOE), a tonnage metals technology platform powered by electricity, to decarbonize steelmaking and transform how metals are made. MOE provides the metals industry with a scalable, cost-competitive and green solution for the production of steel and high-value metals from a variety of feedstocks and iron ore grades. Backed by visionary investors and led by a world-class team, Boston Metal is headquartered in Woburn, Massachusetts and has a wholly owned subsidiary in Brazil.
Awards
We’re proud to have our efforts recognized by leading industry organizations, including:
