$8 billion of US climate tech projects have been canceled so far in 2025

In recent months, the White House has worked to claw back federal investments, including some of those promised under the Inflation Reduction Act. New tariffs on imported goods, including those from China (which dominates supply chains for batteries and other energy technologies), are also contributing to the precarious environment. And demand for some technologies, like EVs, is lagging behind expectations. E2, which has been tracking new investments in manufacturing and large-scale energy projects, is now expanding its regular reports to include project cancellations, shutdowns, and downsizings as well. From August 2022 to the end of 2024, 18 projects were canceled, closed, or downsized, according to E2’s data. The first three months of 2025 have already seen 16 projects canceled. “I wasn’t sure it was going to be this clear,” says Michael Timberlake, communications director of E2. “What you’re really seeing is that there’s a lot of market uncertainty.” Despite the big number, it i ... Read full article.