The company has also announced the launch of a Carbon Fund with an initial investment commitment of $ 157 million.
The new Clean Technology Venture Capital Fund has invested USD 20 million in California-based Miasole, which is engaged in the development of thin-film solar panels, while the Carbon Fund has an initial investment commitment of $157 million, the steel-maker said in a statement.
"ArcelorMittal will be working with leading venture capital firms