Cleveland-Cliffs to Host U.S. Secretary of Energy Chris Wright and Other Government Officials at Butler Works to Showcase GOES Expansion Project
Key Highlights
- ➤$200 million Butler Works investment backed by $75 million DOE award
- ➤GOES expansion increases Butler Works production volume by up to 25 percent
- ➤Project completion expected in early 2028
- ➤Project expected to support approximately 220 peak construction jobs
- ➤Butler Works is the sole U.S. producer of GOES
Expert Statements
Chris Wright, U.S. Secretary of Energy
“We are honored to welcome Secretary Wright, Assistant Secretary Robertson and Under Secretary Kimmitt to Butler Works. This investment demonstrates the importance of maintaining domestic manufacturing capabilities for materials that are essential to America's energy infrastructure. Expanding GOES production at Butler Works will strengthen the domestic transformer supply chain, support American energy security, and help meet the country's growing electricity needs.”
Cleveland-Cliffs to Host U.S. Secretary of Energy Chris Wright and Other Government Officials at Butler Works to Showcase GOES Expansion Project
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it is hosting Chris Wright, U.S. Secretary of Energy; Audrey Robertson, Assistant Secretary of Energy; and William Kimmitt, Under Secretary of Commerce, at its Butler Works facility on Tuesday, October 6, to showcase the Company's previously announced Grain Oriented Electrical Steel (GOES) expansion project. The visit will highlight Cleveland-Cliffs' $200 million investment in Butler Works, supported by a $75 million award from the U.S. Department of Energy, which will strengthen domestic manufacturing capacity for a critical material used in electrical transformers that support the nation's power grid.
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