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Davis firm develops system to streamline steel production

Sierra Energy’s technology can also be used to turn solid waste into fuel.

 

By Celia Lamb
Staff Writer
Sacramento Business Journal
Nov 7, 2008

 

A Davis startup wants to help companies turn garbage into energy and make steel more efficiently.

 

Sierra Energy Corp. has licensed a patent to make blast furnaces work better and hopes to sell the technology. The company is working on a deal to retrofit a blast furnace at a steel mill owned by Shanghai Baosteel Group Corp. in China. Sierra Energy needs about $3 million for the work; its president, Golden Capital Venture Funds partner Chris Soderquist, is recruiting potential investors.

 

Investors so far have put about $1.5 million into the company, founded by Sierra Railroad Co. president Michael Hart. [Read more]