BHP Ventures invests in Electra to decarbonize mining operations

Investment Electric Refining announced Boulder, Canada Sep 17, 2025

USD85M

Deal Value

development

Stage

BHP Ventures made a strategic investment in Electra Battery Materials to support the development of North America's only integrated battery materials park. The investment aims to advance the production of low-carbon battery materials for the electric vehicle supply chain and decarbonize mining operations.

Get daily electric refining deal alerts — free, no spam.

Counterparts (2)

Developer

Electra is a company focused on revolutionizing EV charging through a fast and seamless charging experience. They aim to deploy a large network of fast charging stations, primarily in urban areas and along major roads.

Investor

BHP Ventures is the venture capital arm of BHP, a leading global resources company. It invests in early-stage companies with disruptive technologies and business models that have the potential to create significant value for BHP and the broader resources industry.

Sign up free to access full counterpart details, deal analysis, and timeline.

Sign up free →

Source Intelligence

KEY DETAILS

Electra plans to complete the build-out of a green-iron refining pilot plant in 2023 at its headquarters in Boulder, CO, and plans to have a commercial-scale demonstration plant qualified by the second half of this decade. "Electra will complete the build-out of a green-iron refining pilot plant in 2023 at its headquarters in Boulder, CO, and plans to have a commercial-scale demonstration plant qualified by the second half of this decade."

“

Deal Size

Amazon, Bill Gates-Founded Breakthrough Energy Ventures, Others Invest $85 Million into Electra to Decarbonize Electricity

“

Location

Electra will complete the build-out of a green-iron refining pilot plant in 2023 at its headquarters in Boulder, CO

“

Announcement

October 6, 2022

PARTIES MENTIONED IN SOURCE

A

Amazon investor

"Amazon, Bill Gates-Founded Breakthrough Energy Ventures, Others Invest $85 Million into Electra to Decarbonize Electricity"

B

Breakthrough Energy Ventures investor

"Amazon, Bill Gates-Founded Breakthrough Energy Ventures, Others Invest $85 Million into Electra to Decarbonize Electricity"

B

BHP Ventures investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

T

Temasek investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

S

S2G Ventures investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

C

Capricorn Investment Group investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

L

Lowercarbon Capital investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

V

Valor Equity Partners investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

B

Baruch Future Ventures investor

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

E

Electra company

"Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra"

high quality Enriched Feb 19, 2026

Timeline

Announced

Sep 17, 2025

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Sign up free →

Source

View Full Deal Details

Track Electric Refining deals