About FerraVolt
Iron and Steel at a Crossroads
Steel Under Pressure to Decarbonize
The steel industry is entering decisive decades shaped by accelerating climate change and tightening regulatory, financial, and customer expectations. Decarbonization is no longer optional; it is a structural requirement for long-term competitiveness and license to operate.
The transition must move beyond announcements to solutions that are technically robust, economically viable, and deployable at scale.
7-9%
of global CO2 emissions
10 Mt
of projects delayed in 2025
The scale of the problem is huge
Progress is stalling
48%
scrap share of inputs by 2050
$400m
average subsidy per Mt
Existing low emission routes are limited
Future solutions are complex and expensive
FerraVolt Mission
Our mission is to develop modular, electrically heated hydrogen-based rotary kiln technology for fossil-free iron production.
We focus on scalable and capital-efficient solutions that expand the pathways for green ironmaking in a renewable energy-based system.
FerraVolt Founders
Dr Mårten Görnerup
Chief Executive Officer
Metals production technology expert. Green Industrial business development and conceptualization.
- Ph.D. in Process Metallurgy (Iron and steelmaking) from KTH Royal Institute of Technology, Stockholm, Sweden
- Former CEO of HYBRIT originating the world’s first hydrogen-based ironmaking facility (Pilot)
- Founder and Managing Director at Metsol AB
- Member of Green Steel Advisors Board at OECD
- Former Research Associate at the Norweigan University of Science and Technology (NTNU)
Dr Abhinav Bhaskar
Chief Operating Officer
Green steelmaking market analysis expert. Industrial concept design and system optimization.
- Ph.D., Marie Curie fellow. Early-stage researcher in the use of hydrogen for steelmaking
- Senior Analyst Hydrogen Value Chain and Business Development at Aker Horizons
- Research Fellow at the University of Stavanger
- Former Product Manager Hydrogen at Rystad Energy
- Former Research Associate at The Energy and Resources Institute
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