Why industrial investors in all-electric technology for green steel production think hydrogen is a better bet for now

Companies such as Fortescue and ArcelorMittal are investing in both molten oxide electrolysis and green H2, but expect some drawbacks to hydrogen-free green steelmaking

Irina Gorbounova, head of ArcelorMittal’s XCarb Innovation Fund, speaking on a panel at the FT Live Hydrogen Summit.
Irina Gorbounova, head of ArcelorMittal’s XCarb Innovation Fund, speaking on a panel at the FT Live Hydrogen Summit.Photo: FT Live
Published 17 June 2024, 07:54Updated 18 June 2024, 13:00