I thought about that over the last few years because it's aqueous process so should be able to run intermittently.
Edit: Paper
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.843...
OTOH, I remember industrial electricity prices to be closer to 7-10cents per kWh, so it won’t be that far off what we have now.
I could imagine most steel plants are big enough that they'd want their own infrastructure in any case. So, for a future steel plant based on this stuff with its own cheap energy supply, it might end up being cheaper and cleaner. That could end up being really disruptive.
I only know a little about steel prices from being a hobby machinist, but I know a bit more about hay prices. For the price of a cheap laptop, you can get two tons of hay delivered :-)
Hot rolled in US is 928$ per metric ton
Hot rolled in EU is 620$ per metric ton
China is in the mid 500s.
Unclear to me if the new US tariffs are to blame, gap is larger than the 25% I expected.
Until the product is actually built and tested at commercial scale, it’s too early to say how well or affordably it will really work.
Moreover, merely producing a green version of a product for around the same price won’t be enough to transform the industry, given the billions of dollars in sunk costs in steel mills that can operate for decades.
Even if the perfect technology came on the scene today, it’d probably be several decades before we could effectively transition to it
Talk about playing the long game...
I wonder how much cheaper their method would need to be, given the above. Would it be faster/cheaper to develop perfect scrubbers to retrofit onto existing mills? (Funded through donations, and/or to sell to offset carbon taxes.)
Still good to have this new technology available to transition to down the line.