Lourenco Goncalves

Money Moves

As of October 2026: Led the grant redirection; announced final scope in August 2026

The Department of Energy redirected a $500 million clean-steel grant into a coal blast furnace upgrade at Cleveland-Cliffs' Middletown Works in Ohio. The move drops a hydrogen-ready steelmaking plan that would have cut annual emissions by roughly a million tons.

Updated Oct 8