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    Steel Mills

    ArcelorMittal Partners with Heliogen to Produce Sunlight Fuels

    Written by Sandy Williams


    ArcelorMittal completed its first XCarb™ innovation fund investment, investing $10 million in renewable energy technology company Heliogen to “unlock the power of sunlight to replace fossil fuels.”

    Heliogen’s technology harnesses solar energy by using a multi-acre field of mirrors as a magnifying glass to concentrate and capture sunlight. The sunlight can then be converted into heat (HelioHeat™), electricity (HelioPower™) or clean fuels (HelioFuel™).

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