Vale Venture Invests in Startup Developing Decarbonized Industrial Heat Generation Solution

MT Newswires Live

2024/12/13

Vale (VALE) on Thursday said that its venture capital arm Vale Ventures took part in a $19 million fund raising of a Boston-based startup Electrified Thermal Solutions .

The firm made a minority investment in the new venture which is developing technology for heating industrial furnaces without the use of fossil fuels, Vale said.

Price: 9.44, Change: -0.30, Percent Change: -3.11

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