Element Zero Raises US$10M Seed Funding Led by Playground Global
Element Zero, a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global. The company has developed a novel approach to cost-effectively convert metal ores, such as iron, nickel, and other future-facing materials, to pure metals with zero carbon emissions. The low energy consumption and the ability to operate using intermittent renewable energy underpins the company’s capability to reduce carbon emissions on a global scale. Element Zero will use the funding to grow R&D, engineering, and project development teams and scale the development of a pilot iron plant. Peter Barrett, Co-Founder and General Partner at Playground Global, has joined the company’s board of directors.