Helios Overview
Helios is a technology-driven company focused on developing sustainable solutions for life on Earth and in space. Initially aimed at extracting oxygen from lunar minerals, the company developed the Helios Cycle™, a zero-emission process for producing metals. This process significantly reduces energy consumption by using thermal energy to extract iron from ore, emitting only oxygen in the process. The Helios Cycle™ also applies to other elements such as silicon, copper, and lithium, offering a versatile method for resource extraction that minimizes environmental impact. Helios is positioned as a leader in green steel production and eco-friendly extraction technologies, advancing sustainable practices in the metals industry.
Cumulative Funding Raised Over Time ($)
Latest News
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/PRNewswire/ -- Helios Project Ltd., developer of the Helios Cycle™, a novel process to produce iron and other metals using sodium as a reducing agent with...
Helios Project Ltd. has signed a Memorandum of Understanding (MoU) with BlueScopeX Pty Ltd, a subsidiary of BlueScope Steel. This partnership aims to demonstrate the use of Helios Green Iron (HGI™) in BlueScopes steelmaking operations. The initial phase involves a pilot project starting in 2026. Helios, originally a space tech company, has developed the Helios Cycle™, a technology that produces iron using sodium, emitting only oxygen. This innovation supports the steel industrys decarbonization efforts. Helios aims to provide cost-effective green iron production from various iron ores, including low-grade ones.
Partners
Israeli fuel station on the moon. (Hebrew)
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Secret to making green steel on earth found on the moon?
Israeli start-up Helios has developed a novel method to produce iron from iron ore, emitting only oxygen and requiring only thermal energy. The companys technology aims to decarbonize the steel industry, which is a major contributor to global carbon emissions. Helios process can be integrated into existing Direct Reduction of Iron (DRI) furnaces, reducing costs and facilitating faster adoption. The companys technology has the potential to significantly reduce the carbon intensity of steel production and expedite the industrys decarbonization efforts. Helios is backed by the Israeli Energy Ministry and the Israel Space Agency.
PartnersInvestment
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Israeli space tech startup Helios partners with Eta Space to make oxygen on Moon
Israeli space tech startup Helios has partnered with Eta Space to create and store oxygen on the Moon, aiming to make space missions more cost-effective and enable moon colonies to sustain themselves. Helios has developed an electrochemical reactor that can extract oxygen from lunar regolith, reducing the need to transport resources from Earth. The partnership with Eta Space will leverage their expertise in cryogenic technologies to produce and store oxygen on the Moon. The collaboration aims to connect the production and storage of oxygen, making long-term missions to the Moon economically viable. Helios has also secured $6 million in seed funding from At One Ventures, Doral Energy-Tech Ventures, and Metaplanet. The company plans to build pilot plants for iron production using its technology.
PartnersInvestment
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Helios - space tech start up discovers path to carbon free iron production
Helios has secured $6M in seed funding led by At One Ventures and Doral Energy-Tech Ventures. The company, originally focused on producing oxygen for moon missions, has stumbled upon a novel method of green iron production that is 20% cheaper than current methods. The technology, developed for extracting oxygen and iron from lunar regolith, can also be used to extract 99% pure iron from iron ore. This method requires 50% less energy and can be integrated into existing steel production processes. The funding will be used to demonstrate the technology on a larger scale and build pilot plants globally. Helios aims to decarbonize the steel industry and create a sustainable future for steel production.
Investment
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $18M |
| Last funding | $8.5M |
| Stage | Seed |
| Rounds | 5 |
| Investors | 4 |
Team Members
9
Employees: 201-500
Web & Social Links
| Website | heliosmatters.com/ |
| Careers | Careers page |
Locations
Petah Tikva, Israel
Photos & Videos
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