Funding
Funding not disclosed
Founders
Product
Problem
The steel industry is a major contributor to global CO₂ emissions, with traditional iron production methods accounting for a significant portion of this carbon footprint. Steelmakers need solutions to reduce emissions without disrupting existing production processes or requiring extensive equipment overhauls.
Solution
GravitHy produces low-carbon direct reduced iron (DRI) and hot briquetted iron (HBI) using renewable and low-carbon hydrogen. This approach significantly reduces CO₂ emissions compared to traditional methods, enabling steelmakers to decarbonize their operations. By separating iron production from steel production, GravitHy offers a flexible and optimized solution that integrates with existing electric arc furnaces and blast furnaces. This allows steel producers to focus on steel production and product development while reducing their environmental impact.
Target Audience
GravitHy's primary customers are steel producers seeking to reduce their carbon emissions and improve the sustainability of their operations.
Features
- Production of DRI/HBI using hydrogen reduction with close to 700MW electrolyzers.
- On-site production of renewable and low-carbon hydrogen.
- DRI/HBI product can be used in electric arc furnaces or blast furnaces.
- Decarbonization of steel end-markets, including transport, construction, and renewable energies.
- Flexible business model separating iron from steel production.