Inflation Reduction Act presents a major opportunity

Features Published: September 1, 2022

Steel is a critical material in the transition to a low-carbon economy. It’s required for nearly all of our clean energy infrastructure and products – from hydropower and geothermal, to concentrated solar power installations and the more obvious technologies like wind turbines, transmission lines, solar PV and electric vehicles. 

The manufacturing incentives, tax credits, and mandates included in the IRA will drive demand for these technologies and in turn, steel, which is already expected to increase more than a third by 2050.

It may seem like a chicken or the egg problem, but the decarbonization of steel and our power systems must be tackled simultaneously.

Read more in CEO Tadeu Carneiro’s article in Renewable Energy World here.

About Boston Metal

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.

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