Steel Decarbonization Innovation Fund Grant
••••• organisation
A corporate venture arm based in Luxembourg
A major steel producer's innovation fund invests up to $100M in emerging companies developing commercially scalable technologies to decarbonize steelmaking and achieve net-zero carbon steel production. It targets early-stage innovators with transformative decarbonization solutions applicable to industrial steel manufacturing.
About this grant
ArcelorMittal launches the XCarb Innovation Fund, which anticipates investing up to $100 million annually in companies developing technologies with the potential to support and accelerate the transition to net zero carbon steelmaking. The fund is part of ArcelorMittal's wider XCarb sustainability initiative launched to drive progress towards carbon neutral steel. To be eligible for funding, companies must be developing directly applicable, commercially scalable technologies that offer strong potential to decarbonise the steelmaking process. …
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Frequently asked questions
- How much funding does this grant offer?
- Steel Decarbonization Innovation Fund offers up to $100M.
- Who can apply for Steel Decarbonization Innovation Fund?
- Eligibility covers organisations in GLOBAL; startup, sme. The full eligibility conditions are part of the Pro detail.
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