Who We Are
From a small group of visionary researchers, engineers, and metallurgists, we’ve grown to a team of over 170 professionals, and still counting. We’re backed by top investors and led by a world-class team of scientists and metals industry veterans as we scaleup our innovative technology to decarbonize one of the world’s largest sources of CO2 emissions — steelmaking. In 2022 we opened a subsidiary in Brazil to use our Molten Oxide Electrolysis platform to build a high-value metals business that will help miners recover value from mining waste. Veja a página da Boston Metal do Brasil
Leadership Team
Tadeu Carneiro
Chairman & CEOTadeu Carneiro
Chairman & CEO
Tadeu has over 40 years of metals industry experience, with expertise in global strategy, technology development, and customer-focused growth. As CEO of CBMM (80% market share for niobium) he grew revenue from $100M to over $2B and led a global program that saw the niobium market increase by more than eightfold.
At Boston Metal, Tadeu has overseen two oversubscribed funding rounds and team growth from single digits to 100+ employees. A metallurgical engineer, Tadeu is the lead independent director at Ivanhoe Mines (copper, zinc, nickel, and platinum group metals) and is an invited lecturer at the Department of Materials Science and Engineering at MIT.
Itamar Resende
President, Boston Metal do BrasilItamar Resende
President, Boston Metal do Brasil
Itamar is a metals and mining industry veteran with deep experience leading multiple companies and teams in Brazil and the United Kingdom. He has 20+ years C-suite experience at global metals companies having held leadership and operational roles at LSM Brazil (AMG), LSM UK (AMG), Mineracao Taboca, and Sigma Lithium.
At Boston Metal, Itamar is heading up operations at our subsidiary in Brazil, which is focused on recovering high-value metals from mining waste. Veja a página da Boston Metal do Brasil
Fernanda Fenga
SVP, CorporateFernanda Fenga
SVP, Corporate
Fernanda oversees human resources, financial operations, risk management, and legal affairs. She has more than 20 years of executive experience in these areas, as well as in compliance, investor relations, and government relations in the metals and mining industry.
Fernanda is a member of the Board of Directors at NioCorp Development Ltd and just prior to joining Boston Metal, she provided legal counsel services to a range of global enterprises.
Adam Rauwerdink, PhD
SVP, Business DevelopmentAdam Rauwerdink, PhD
SVP, Business Development
Adam spent the last decade leading global business development for new technologies in the energy industry.
At Vionx Energy, a vanadium flow battery company, Adam led sales and developed multi-MW projects in partnership with Siemens and Starwood Energy.
Prior to Vionx, Adam was VP of Business Development at SustainX where he led first market partnerships in Korea and Japan and raised over $20M in equity from GE, Rockport, Polaris, and others.
Guillaume Lambotte, PhD
Chief ScientistGuillaume Lambotte, PhD
Chief Scientist
As Chief Scientist, Guillaume oversees critical aspects of the R&D program at Boston Metal. He was one of the earliest employees at the company and has been instrumental in growing the molten oxide electrolysis (MOE) technology from the lab-scale to the industrial-scale.
Guillaume brings over a decade of high temperature metallurgy experience with a focus on computational thermodynamics. He was previously a production assistant manager in the aluminum industry with Alcan. Guillaume received his PhD in metallurgical engineering from Ecole Polytechnique in Montreal and completed a postdoc related to MOE at MIT.
Board of Directors
Tadeu Carneiro
Boston MetalMark Cupta
Prelude VenturesRick Cutright
Climate Investment (Founded by OGCI)Irina Gorbounova
ArcelorMittalShyam Kamadolli
Fine Structure VenturesChris Poirier
Breakthrough Energy VenturesKatie Rae
The EngineDonald Sadoway
MITIngo Wender
IndependentWorld-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.
Our History
In addition to achieving significant milestones on the road to developing our groundbreaking green steel solution, we’re commercializing our MOE technology to recover value from mining waste.
2023
- Series C round closes with total investment of $262 million in August; 170 employees Learn more
- The World Bank’s International Finance Corporation invests $20 million in May, becoming Boston Metal’s first institutional investor Learn more
- Closed $120 million first round of Series C fundraising in January; 110 employees Learn more
2022
- Brazilian subsidiary, Boston Metal do Brasil (veja a página), opens to launch high-value metals business
- First tap of 25,000-amp MOE cell
2021
- $60M Series B funding round; 65 employees Learn more
- Woburn facilities expand to over 38,000 sq ft
- Won inaugural New Technology for the Metals and Mining Industry S&P Global Platts award Learn more
2020
- First commercial agreement signed – ferroalloy production Learn more
2019
- Construction of 25,000 sq ft development facility in Woburn, MA
2018
- $25M Series A funding round; 8 employees Learn more
2014
- Patent granted and exclusively licensed by Boston Metal.
- First semi-industrial MOE cell commissioned
2013
- Demonstrated MOE produces emissions-free steel.
- MIT laboratory results published in Nature Learn more
- Boston Metal founded under the name Boston Electrometallurgical Corporation
2010
- MIT professors Donald Sadoway and Antoine Allanore demonstrated lab-scale performance of a metallic inert anode for MOE
In the early 1980s, Prof. Donald Sadoway’s MIT laboratory began research on an inert anode for aluminum manufacturing. In the late 1980s, he conceived of an electrolytic cell for the production of iron, and molten oxide electrolysis was born. Throughout the 1990s and 2000s, MOE research was extended to other metals before returning to electrolytic steelmaking and again focusing on inert anode technology.