Solar furnace to melt steel at 2000°C for Swiss recycler
solarpaces.org
solarpaces.org
400 tons produced per year (original article)
$1000 per ton (generous [0], current index at $770)
$400k per year revenue (calculated)
$25M Euro investment (original article)
~63 years payback on *revenue* (being generous again with EURSD=$1)
Do I have that right?
[0] https://www.cmegroup.com/markets/metals/ferrous/hrc-steel.ht...
They have 50 tons of scrap steel that is exactly what they need, but need a spot to melt it down for reuse. You can't (partially guessing here) just throw it in an existing smeltery while maintaining its purity. They have been collecting this scrap by talking to other users that also use the same material.
The article mentions they are in the Jura Arc. I didn't know this, but that is a reference to the watchmakers valley in Switzerland. If you're selling a $60k watch, it better be made from 99.999999% pure unobtanium.
I have seen similar situations before where when you start making a niche product, suddenly demand pops out of the background that wasn't there before because the product simply wasn't available. Even if it isn't profitable from day 1 it might eventually become profitable.
The use cases are quoted as "watchmaking and medical subcontracting", fwiw.
https://news.ycombinator.com/item?id=29696120 https://knifesteelnerds.com/2021/03/25/cpm-magnacut/
In goes iron ore, a mix of iron oxides and carbon, out comes iron and carbon oxides. The carbon moved from the ore to the atmosphere.
What you just can't do is replace the carbon that is added into the steel. The process will always need a carbon source.
I'll not be surprised if the industry decides to waste 70% of the energy and go with photovoltaics.
You still need some way to deal with rust, and carbon electrodes work great.
Steel is roughly $500 per ton, so they are looking at $200k a year in revenue. This is a cool research project, but the economics are not realistic anytime soon.
This is very little, it's about the amount of steel used in 450 cars.
My tiny country with 5 million people (New Zealand) recycles 300,000 tonnes of steel per year.
It might be more competitive if it can be paired with thermal storage, but AFAIK that's not demonstrates at scale yet.
But the CSIRO has a system where a camera looks at the mirrors from the tower and estimates quite well the mirror angle from the shade of blue reflected.
This makes it closed loop control, one sensor for many mirrors and simple actuation like lead screw with raise/lower controls possible.
The sort of solar panels one would use in a large installation are around 23% efficient.
So they are close in "power/hectare". From there it is capital costs and cost of operation that will make the decision.