Renewable Iron Fuel Technology (RIFT)
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Description
RIFT is creating systems that produce carbon-free heat for energy-intensive industries by rusting and unrusting iron. Rusting, or combustion, of iron fuel yields zero-carbon heat that can be turned into hot water or steam and fed to energy-intensive industries. The resulting iron oxide can be easily stored and transported, then turned back into iron powder through a chemical reaction with hydrogen and reused.
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Source
Breakthrough Energy Venture