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Limelight Steel
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Developer of technology to process iron ore

Founded in 2022
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Company type Private Public ()
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Industry Group materials & chemicals

Sector industrial materials

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United States San DIego, United States
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Updated by Cleantech Group on 06/19/2024

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Date Partner Type
06/06/2022
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Limelight Steel is selected into the Activate Fellows Program 2022.
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IPO INFORMATION

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Date Investors Type Amount
04/18/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding will be used to convert iron ore into iron metal using a laser furnace without emitting carbon dioxide at lower cost than a blast furnace. The process leverages semiconductor laser diodes, which enable new temperature and pressure ranges to reduce high- and low-grade iron ore fines into molten iron metal. It would reduce consumption of steelmaking by 46% and emissions by 81%.
Grant $2,910,346
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