Steel Mills

June 9, 2021
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™).


