101. Iron + Carbon = Innovations (Clean Power, LDES, Hydrogen, CCUS) - Jul23
Redefining Energy1 Heinä 2023

101. Iron + Carbon = Innovations (Clean Power, LDES, Hydrogen, CCUS) - Jul23

Steel is essential for the equipment of the Energy Transition (Wind, EVs) but at the same time bears a very significant carbon footprint: 1.8tCO2/t steel. Pushed and/or incentivised by policies in the US and EU, the Steel industry must innovate to reduce its CO2 emissions which today represent 7%-8% of the world’s carbon dioxide.
ArcelorMittal (the world biggest steel company outside China) is in the thick of it. It is not just writing reports but investing through its own VC fund called XCarb Innovation Fund. Through XCarb ArcelorMittal invests tens of millions of dollars in three major routes: Clean Electrification, new DRI (Direct Reduction of Iron), and Smart Carbon.
So, we are going to talk about all future technologies that will help decarbonise the Steel sector: Advanced Nuclear, Long Duration Storage, Hydrogen, Carbon Capture Utilisation as well as a lot of other innovations in the making. Our guest is the very talented Irina Gorbounova, VP M&A at ArcelorMittal, and head of the XCarb fund. It is key to have an investor with a dual background, both VC and industrial, at the time of VC funding in down 75% yoy.
Can we decarbonise Steel, with what technology? At what costs? On which horizons? Irina tackles with scientific precision all those questions. The word “hard to abate” might soon be a thing of the past for the Steel Industry. Maybe, we will just have to say: “takes time and resources to abate… but we’ve got this”.


-------- Erratum
When we discussed Form Energy, we meant to say storage of 100 hours plus which is 10 times cheaper than lithium based one.
Thank you for your understanding.

-------

Thanks to our partner for the Episode: Pexapark

And get our new media pack by emailing at info@redefining-energy.com

Jaksot(174)

191. “How Big Things Get Done” with Pr. Bent Flyvbjerg (hosted by Michael Barnard)

191. “How Big Things Get Done” with Pr. Bent Flyvbjerg (hosted by Michael Barnard)

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18 Elo 20251h 19min

190. Solar and Flex – Solar Power Summit 2025

190. Solar and Flex – Solar Power Summit 2025

This Spring, Laurent Segalen was invited by Solar Power Europe to moderate a panel, during the Solar Power Summit, around the theme ”Winning the Flex challenges”.The Speakers were:Andrea Wechsler, Mem...

11 Elo 202539min

189.  Energy Disruptions - (Gerard on "Clean Titans")

189. Energy Disruptions - (Gerard on "Clean Titans")

This is Summer time, so we publish some contents that we have created on other channelsA few weeks ago, Gerard came on the ”Clean Titans”The YouTube channel “Clean Titans” focused on clean energy, is ...

4 Elo 20251h 9min

188.  US/Petrostate vs EU/Electrostate – a joint episode with Open Circuit

188. US/Petrostate vs EU/Electrostate – a joint episode with Open Circuit

On July 7th, Gerard and Laurent were invited to appear on the U.S. podcast Open Circuit, alongside Jigar Shah, Katherine Hamilton, and Stephen Lacey. It was an emotional reunion—Jigar and Katherine we...

28 Heinä 202532min

187. Texas: Power Surge or Power Splurge? - Jul25

187. Texas: Power Surge or Power Splurge? - Jul25

Texas is an oddity in the western electricity world: fastest growing load, ultra-low prices, crazy development of renewables. Texas consumes now more power than France, despite having only half the po...

21 Heinä 202526min

186. Power under Pressure: Fortum’s CEO on Datacenters’ growth and Russian Attacks (Eurelectric)

186. Power under Pressure: Fortum’s CEO on Datacenters’ growth and Russian Attacks (Eurelectric)

Laurent had the pleasure and privilege of sitting down with Markus Rauramo, CEO of Fortum, during the Eurelectric “Power Play” conference in Brussels this June.  Fortum, the Finnish energy company als...

14 Heinä 202524min

185. Blackouts - Jul25

185. Blackouts - Jul25

What Really Happened During the Iberian Blackout This Spring? And How Should We Make Sense of the Conflicting Reports?  To shed light on the events, Gerard and Laurent are joined by global energy expe...

7 Heinä 202524min

184. Market dynamics and Pricing of Battery Materials - Jun25

184. Market dynamics and Pricing of Battery Materials - Jun25

Six years ago, Simon Moores, CEO of Benchmark Minerals Intelligence shook the world in a now legendary testimony in front of the US Senate. Then, Simon predicted the exponential growth of batteries an...

22 Kesä 202533min

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