BOULDER, Colo., April 28, 2026 (GLOBE NEWSWIRE) -- Today, Electra, a clean iron technology company, announced a joint development agreement (JDA) with POSCO, a leading global steel manufacturer, to scale clean iron production technologies. Along with the JDA, Electra also announced an investment from POSCO Investment, the corporate venture capital (CVC) arm of POSCO Group.

"POSCO brings deep experience in steelmaking, production technology and process development," said Sandeep Nijhawan, Electra's co‑founder and chief executive officer. "We're building for the long term, and this partnership helps us scale thoughtfully as we bring clean iron to more customers."

Electra delivers 99% pure iron as a feedstock for electric arc furnace (EAF) steelmakers to produce high‑grade steel.

"This partnership through the JDA aims to create strategic synergy between Electra's innovative electrochemical process and POSCO's proprietary direct-reduction ironmaking and engineering technologies," said Kyungkeun Um, Head of POSCO's Technical Research ...