Department of Energy Announces $6 Billion to Transform America’s Industrial Sector, Strengthen Domestic Manufacturing, and Slash Emissions

March 28, 2024

The U.S. Department of Energy recently announced up to $6 billion for 33 projects across more than 20 states to decarbonize energy-intensive industries, reduce industrial greenhouse gas emissions, support good-paying union jobs, revitalize industrial communities, and strengthen the nation’s manufacturing competitiveness. These projects will focus on the highest emitting industries where decarbonization technologies will have the greatest impact, including iron and steel, cement and concrete, chemicals and refining, and more. The selected iron and steel projects plan to demonstrate emerging technologies, including some of the world’s first clean hydrogen-fueled direct reduced ironmaking facilities, which can eliminate the vast majority of steelmaking emissions.

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