The Work Index by Flexa

Electra

Electra is a cleantech company developing a low-temperature electrochemical process to decarbonize the steel industry.

7.1

/10

Transparency ranking

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Description

Electra is a clean iron company with a mission to decarbonize the steel industry. Their solution involves a low-temperature, electrochemical-hydrometallurgical process that can utilize low-grade ores and be powered by intermittent renewable energy, making it more sustainable than traditional ironmaking. This innovative approach aims to replace the current carbon-intensive methods and contribute to a greener future for steel production.

Electra has assembled a diverse and passionate team of experts dedicated to driving this transformative technology forward. The company is backed by prominent climate-technology investors and strategic partners, reflecting its ambitious vision to disrupt the status quo in the steel sector. Electra's unique culture fosters collaboration, continuous learning, and a strong commitment to sustainability, attracting individuals eager to make a significant impact on the world.

Flexibility

Electra offers a flexible work environment that encourages employees to bring their authentic selves to work every day. The company offers a variety of benefits including flexible work hours, family-friendly benefits, and social events. They also provide 12 weeks of paid parental leave with flexible return-to-work options.

Benefits

Electra provides a comprehensive benefits package for employees and their families, including 100% paid premiums for medical, dental, and vision insurance. They offer a generous PTO policy, and contribute $1,800 annually to employee health savings accounts and $3,600 annually to family health savings accounts. Electra also offers 12 weeks of paid parental leave, flexible return-to-work options, a 401k with a 5% employer match that vests 100% on day one, and eligibility for incentive stock options.

Enhanced parental leave

Mission

Electra is a clean iron company dedicated to decarbonizing the steel industry, which currently accounts for 10% of global carbon dioxide emissions. The company utilizes a low-temperature electrochemical-hydrometallurgical process to produce high-purity iron metal from low-grade ores using intermittent renewable energy, offering a sustainable and cost-effective solution for steelmakers looking to reduce their carbon footprint. Electra's mission is to create a cleaner and greener future for the steel industry, paving the way for a more sustainable and circular economy.

Data-driven
Disruptor
Environmental impact driven
Science and research driven
Social impact led
Sustainability
Tech for good

Culture

Electra fosters a collaborative, fast-paced, and intellectually stimulating work environment that values diversity of thought, a disciplined approach to innovation, and a commitment to challenging the status quo. Grounded in trust, respect, and integrity, the company prioritizes professional development and personal fulfillment, encouraging its employees to bring their authentic selves to work and contribute to the shared goal of bending the trajectory of climate change.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive
Transparent

DE&I

Electra values diversity, equity, and inclusion, fostering a collaborative and inclusive workplace where everyone feels respected, appreciated, and empowered to contribute. They actively cultivate a culture that embraces diverse perspectives, backgrounds, and experiences, believing that a varied workforce is essential for innovation and success. Electra strives to create a welcoming and equitable environment where everyone has the opportunity to thrive and achieve their full potential.

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