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04 Oct

ArcelorMittal ups US renewable energy storage developer investment

ArcelorMittal has invested a further $17.5 million in US-based Form Energy Inc. via its “XCarb” Innovation fund. The steelmaker previously signed an agreement to supply direct reduced iron as iron input into Form’s battery technology, which it is developing as part of its year-round renewable energy storage system. “Work falling under this agreement to define the operational modifications to produce a specially modified DRI product for…
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