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Stock impact report

Constellium Ravenswood selected by US Department of Energy to receive $75 million investment to deploy low to zero carbon technology

Constellium SE Ordinary Shares (France) (CSTM) 
Last constellium se ordinary shares (france) earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: constellium.com/investors
Company Research Source: GlobeNewswire
PARIS, March 25, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today that its facility located in Ravenswood, West Virginia, was selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $75 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding as part of the Industrial Demonstrations Program (IDP). This investment will help fund the implementation of breakthrough low-to-no emissions technologies in Constellium’s Ravenswood facility, supporting the decarbonization of the casthouses, the plant’s most energy intensive operation. This investment will support the installation of low-emissions SmartMelt furnaces that can operate using a range of fuels, including clean hydrogen, paving the way towards a zero carbon casthouse. In addition to reducing carbon emissions, the project is expected to help maximize recycled scrap intake, and to improve worker safety with the introduction o Show less Read more
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