Investors weigh in behind Green Gravity energy storage

Gravitational energy storage developer Green Gravity has secured $9 Million in funding with strong backing from existing and new major strategic and financial investors. The company, which is repurposing legacy mineshafts for utility scale long-duration energy storage, secured financing from investors including HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (SCAP H, a…

BlueScope to test low emissions Helios steel production technology

BlueScope Steel’s venture subsidiary BlueScopeX has signed a MoU with low emissions steel production technology developer Helios Project to demonstrate the use of its Helios Green Iron (HGI) technology in parts of BlueScope’s steelmaking operations. Helios has developed the Helios Cycle process to produce iron and other metals using sodium as a reducing agent with…