Electra announces deals with Meta, Nucor to scale its clean iron tech

URLhttps://www.canarymedia.com/articles/green-steel/e
SourceCanary Media
Date Published10/21/2025
Author NameMaria Gallucci

Additional Reshoring Information:

Company/Division name Electra
Parent companyElectra
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):130
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Capital investment ($):186
City reshored to:Boulder
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshorediron
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:8,000,000
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