The advent of space technology has found a way to produce carbon-free steel

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Helios safe $ 6m Scientists have stumbled upon a new approach to green metal production – at a 20% lower price – on the road to generating space resources for the moon.

Tel Aviv, Israel, July 13, 2022 (PRNewswire) – Helios’ desire to create a seamless future for the steel industry $ 6m As a result of a race led by Capital, One Ventures, “Net Positive for Nature” Investment and Doral Energy-Tech Ventures. Deep technology investor Metaplate and the global Top 5 mining company are also participating in this round.

Existing steel production methods reduce carbon dioxide emissions by producing large amounts of CO2. Approximately 2 tons of CO2 is produced per ton of iron, making the industry responsible for 8% of human carbon footprint. In addition, the U.S. steel industry is based on natural gas and coal and wind oil. It accounts for 6 percent of total energy It is used in production.

However, efforts to remove the industry from carbon such as H2 injection, carbon emissions and electrolysis will increase production costs, making it difficult to ensure acceptance by major manufacturers.

“The steel industry is extremely cost-effective,” explains Raul Topolovsky, a senior adviser to steel producers and an industry expert. “Many companies are committed to reducing emissions with targets to achieve carbon neutrality in all operations within a given day. But” green metal “often comes at a high price, and if their costs increase, it will negatively impact the entire economy.

Helios, led by the founder and CEO Jonathan Geifman, Did not set out to make green metal at a lower cost. The company’s primary goal is to continue its mission of producing oxygen on the moon, and still on the station. Their proprietary technology generates oxygen from the lunar regurgitation, a mixture of powdered dust and crushed stone.

“We don’t have the luxury of using carbon for energy on the moon, you have to be extremely efficient and you can’t waste or release anything,” Jeffifman said. “The subterranean environment pushes your R&D to the extreme. They can’t be repetitive and you have to completely reshape the processes.

“While Helios is focused on creating technologies for sustainable lunar missions and habitats – by taking a ‘photo of the moon’ – it is gratifying to me that they are stumbling across this new process of life on Earth,” he said. Yuri OronDirector of the Israeli Space Agency at the Ministry of Innovation, Science and Technology. “This is a great example of the interconnectedness of space technology and our lives on Earth,” he added.

Helio scientists have discovered that the technology developed for the reactor, which is designed to extract oxygen and iron from the rig, will be used to extract 99% pure metal using a completely new chemical process. The method requires less than 50% of the energy currently used in industry, and when operated at very low temperatures, it will be sufficient to start the home furnace process.

Like other green steel technologies, Helios Steel does not want to dramatically change the current process. The company is designing a module that can be integrated into direct DRI furnaces. This approach reduces costs and facilitates faster adoption.

“Compared to conventional steel reduction approaches, we have seen a frequency-free integration approach and advanced unit economics, which has the potential to impact the steel industry in Helios and remove the industry faster than current technologies,” he said. Lauri Menud, Partner, in one venture. “We believe that they will achieve their ultimate goal of sustaining human life in space, but in the meantime, they are enabling sustainable human life on Earth.”

Helios uses the new funding technology to better compare the technology with industry standards. It will also enter into international agreements to build experimental factories that have the capacity to produce many tons of steel per day and to bring the technology into the production chain.

Visit https://www.project-helios.space/ for more information

About a Ventures
In one venture, he invests in a deep technological breakthrough that promotes a world in which nature is positive. The company is highly technical and is based in Tom ChiFormer Experience Manager and Founding Member of Google X. Using one of the most disturbing technologies in one venture, he found companies that were set up to boost the economy of the established industries and dramatically reduce their planetary footprint. Visit. https://www.atoneventures.com/.

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