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$14 billion in clean energy projects have been canceled in the US this year, analysis says

  • More than $14 billion in U.S. Clean energy investments have been canceled or delayed in 2025, the analysis finds.
  • These cancellations follow House Republicans passing a tax bill that would eliminate key clean energy tax credits and raise industry concerns.
  • Energy storage and electric mobility industries experienced significant setbacks, with several projects being called off, including the Kore Power facility in Arizona and the shutdown of two BorgWarner manufacturing locations in Michigan.
  • E2 reports that while $132 billion in clean energy projects have been announced since the Inflation Reduction Act's passage, cancellations totaling over $14 billion this year have resulted in the loss of approximately 10,000 jobs in the clean energy sector.
  • The cancellations imply risks to the U.S. Clean energy transition, with experts warning that removing tax credits could harm projects and reduce American global energy leadership.
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U.S. News broke the news in New York, United States on Thursday, May 29, 2025.
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