Electra emerges from stealth mode to shock steel industry

BOULDER — Steel “is the backbone of our modern society,” Boulder serial entrepreneur Sandeep Nijhawan said, but unfortunately its creation is responsible for about 10% of global greenhouse gas emissions.

As developing nations modernize and industrialize, “you need these foundational building blocks like steel, but with green solutions.”

That’s where Nijhawan’s latest venture Electra comes in. 

Electrasteel Inc., founded by CEO Nijhawan and chief technology officer Quoc Pham, claims to have developed a process for making iron and steel using less energy and with more-abundant material.

The founders don’t have backgrounds in metallurgy or materials science but do have a gambler’s spirit when it…