Cleveland-Cliffs and Constellium Secure DOE Funding for Decarbonization and Clean Energy Projects
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The U.S. Department of Energy (DOE) is providing funding to two major companies, Cleveland-Cliffs Inc. and Constellium SE, for their decarbonization and clean energy projects. Cleveland-Cliffs is set to receive up to $575 million in funding for two projects aimed at reducing greenhouse gas emissions and enhancing operational efficiencies . The Middletown Works in Ohio could receive up to $500 million to replace its blast furnace with a Hydrogen-Ready Direct Reduced Iron (DRI) plant and Electric Melting Furnaces. The Butler Works in Pennsylvania is slated for a grant of up to $75 million to replace reheat furnaces with Electrified Induction Slab Reheat Furnaces . These projects are part of the government's broader efforts to support the transition to cleaner and more sustainable practices i...
#newstr #Clevelandcliffs #Constellium #DoeFunding #Decarbonization #CleanEnergy #SteelIndustry #Ravenswood #WestVirginia