Cancellations of private clean energy projects top $24B in 2025, E2 says
E2’s latest analysis shows more than $24B in U.S. clean energy projects have been cancelled or downsized in 2025 — including $1.6B in September — affecting nearly 21,000 jobs nationwide
Large battery, storage and EV manufacturing plans continued to unravel in September, according to monthly tracking from E2 and the Clean Economy Tracker. Companies cancelled or scaled back nearly $1.6 billion in planned clean energy factories last month — bringing the total value of shelved projects in 2025 to date to more than $24 billion. Nearly 3,000 jobs were affected in September alone, E2 found, and approximately 21,000 jobs have now been tied to cancelled or downsized projects this year.
The September wave included four factory cancellations or reductions across Kansas, Michigan, North Carolina and Tennessee. General Motors downsized two EV production lines in Tennessee and Kansas, affecting an estimated 1,600 workers. Sodium-ion startup Natron Energy is shutting down its $40 million Michigan plant and scrapping plans for a future $1.4 billion factory in North Carolina that would have employed roughly 1,000.
These private-sector cancellations come on the heels of a separate federal reversal: earlier this fall the U.S. Department of Energy cancelled nearly $8 billion in awards across more than 200 projects — not included in E2’s private-sector totals.
Republican districts shouldering majority of private cancellations
E2’s analysis shows private-sector cancellations in Republican-held congressional districts are disproportionately large:
- $12.4B in investments and ~15,000 jobs lost in GOP districts
- $7.5B in investments and ~5,000 jobs lost in Democratic districts
By contrast, the administration’s federal funding rollbacks (e.g., DOE cancellations, Solar for All claw-backs) have more heavily affected Democratic districts and states.
Some new investment is still materializing
Despite the cancellations, companies announced $542 million in new clean energy investments in September, primarily in EV, solar supply chain, and grid infrastructure tied to AI-driven load growth. Those new projects are expected to support nearly 1,000 permanent jobs.
Since federal tax credits were enacted in August 2022:
- 415 major projects have been announced across 42 states and Puerto Rico
- $135B in planned private capital has been disclosed
- 125,000 permanent jobs have been tied to those announcements
Conversely, 65 projects have since been cancelled, closed or scaled back — 42 of them in 2025 — representing ~$27B in abandoned investment and more than 30,000 jobs.
