* ### _Concerns over future of federal clean energy tax credits, Trump policies taking toll_
* ### _7,800 new clean energy jobs cancelled in past 3 months; more than 2022-2024 combined_
* ### _Companies announced 5,000 Jobs, $1.6B for new projects in March_
**WASHINGTON (April 17, 2025)** – Nearly $8 billion in investments and 16 new large-scale factories and other projects were cancelled, closed, or downsized in the first three months of 2025 amid escalating market uncertainty and as Congress begins debate on repealing the tax credits and other incentives. The $7.9 billion in investments withdrawn since January are more than three times the total investments cancelled over the previous 30 months, according to E2’s latest _Clean Economy Works_ monthly update.
Still, companies continue to invest in the potential of America’s clean economy. Businesses in March announced more than $1.6 billion in investments for new solar, EV and grid and transmission equipment factories across six states – including a $200 million investment by Tesla to build a battery factory near Houston that is expected to create at least 1,500 new jobs. Combined, the 10 projects announced in March are expected to create at least 5,000 new permanent jobs if completed.
_Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:_
**“Clean energy companies still want to invest in America, but uncertainty over Trump administration policies and the future of critical clean energy tax credits are taking a clear toll.******
**“If this self-inflicted and unnecessary market uncertainty continues, we’ll almost certainly see more projects paused, more construction halted, and more job opportunities disappear.”**
March’s announcements bring the overall number of major clean energy projects tracked by E2 to 390 across 42 states and Puerto Rico. Companies have said they plan to invest more than $133 billion in these projects and hire 122,000 permanent workers. (_These figures reflect ongoing revisions and updates)._
Since federal clean energy tax credits were passed by Congress in August 2022, a total of 34 projects have been cancelled, closed or downsized, according to data from E2 and Atlas Public Policy. Over 15,000 jobs and $10 billion in investments were connected with the abandoned projects.
But the rate of cancellations increased dramatically in the past two months. In February and March alone, 13 projects and over $5 billion in connected investments were cancelled or downsized— including Bosch’s cancellation of a $200 million hydrogen fuel cell factory in South Carolina and Freyr Battery’s cancellation of a $2.5 billion battery factory in Georgia.
Republican congressional districts, which have benefitted the most from the Biden-era clean energy tax credits, also are seeing the most cancellations. More than $6 billion and over 10,000 jobs have been cancelled in Republican districts so far.
Through March, over 62 percent of all clean energy projects announced—along with 71 percent of all jobs and 83 percent of all investments —are in congressional districts represented by Republicans.
A full map and list of announcements is available at e2.org/announcements/. Cancellation data will be incorporated in the coming weeks.
**E2 will be at next week’s Society of Environmental Journalists annual conference in Tempe, Arizona, sponsoring the conference’s networking reception at the Omni Hotel at ASU on April 24. E2 executive director Bob Keefe and communications director Michael Timberlake will be on hand to discuss these and other E2 reports.**
___________
_Detailed below is a list of March clean energy announcements tracked by E2 along with totals by state, sector, congressional district, and industry type for projects announced, cancelled, downsized, and closed since E2 began tracking in August 2022._
**Clean Economy Works March 2025 | projects announced by date**
**Date** | **Company/Org** | **State** | **Source** | **Sector** | **Type** | **Jobs** | **Investment**
---|---|---|---|---|---|---|---
3/3 | ABB | MS | Link | Grid, Transmission and Electrification | Manufacturing | 200 | $40,000,000
3/3 | ABB | TN | Link | Grid, Transmission and Electrification | Manufacturing | 50 | $80,000,000
3/5 | Tesla | TX | Link | EV | Manufacturing | 1,500 | $200,000,000
3/6 | TS Conductor | SC | Link | Grid, Transmission and Electrification | Manufacturing | 462 | $134,000,000
3/14 | Schneider Electric | TN | Link | Grid, Transmission and Electrification | Manufacturing | 100 |
3/14 | Schneider Electric | TN | Link | Grid, Transmission and Electrification | Manufacturing | 355 |
3/17 | T1 Energy | TX | Link | Solar | Manufacturing | 1,800 | $850,000,000
3/25 | Misson Solar | TX | Link | Solar | Manufacturing | 500 | $265,000,000
3/25 | Scheider Electric | MO | Link | Grid, Transmission and Electrification | Manufacturing | 241 | $73,000,000
3/27 | Shinsung | KY | Link | Battery/Storage | Manufacturing | 100 | $53,500,000
| | | | | | | |
**Clean Economy Works 2025 | projects cancelled, closed, downsized by date 2022-2025**
**Date** | **Developer** | **State** | **Update** | **Link** | **Sector** | **Type** | **Jobs Announced/Lost** | **Investment Announced/Lost**
---|---|---|---|---|---|---|---|---
1/10/23 | Philadelphia Solar | TX | Cancelled | Link | Solar | Manufacturing | 150 |
1/19/23 | Proterra | CA | Closure | Link | Battery/Storage | Manufacturing | 300 |
6/13/23 | Lightning eMotors | CO | Downsized | Link | EV | Manufacturing | 80 |
6/27/23 | Nu Ride (formerly Lordstown Motors) | OH | Closure | Link | EV | Manufacturing | 450 | $40,000,000
6/30/23 | Microvast | KY | Cancelled | Link | Battery/Storage | Manufacturing | 562 | $504,000,000
10/31/23 | Orsted | NJ | Cancelled | Link | Wind | Generation | |
10/31/23 | Orsted | NJ | Cancelled | Link | Wind | Generation | |
11/10/23 | Siemens Gamesa | VA | Cancelled | Link | Wind | Manufacturing | 260 | $200,000,000
12/16/23 | Lightning eMotors | CO | Closure | Link | EV | Manufacturing | 250 |
5/6/24 | Canoo | AR | Closure | Link | EV | Manufacturing | 545 |
7/19/24 | VSK Energy | CO | Cancelled | Link | Solar | Manufacturing | 900 | $250,000,000
8/2/24 | Applied Materials | VA | Cancelled | Link | Battery/Storage | Manufacturing | 90 | $109,000,000
8/15/24 | Piedmont Lithium | TN | Cancelled | Link | Battery/Storage | Manufacturing | 120 | $600,000,000
8/26/24 | Meyer Burger | CO | Cancelled | Link | Solar | Manufacturing | 350 | $400,000,000
11/27/24 | TotalEnergies | NY | Cancelled | Link | Wind | Generation | 1300 |
11/27/24 | TotalEnergies | NJ | Cancelled | Link | Wind | Generation | 1300 |
12/31/24 | REC Silicon | WA | Closure | Link | Solar | Manufacturing | 244 |
12/31/24 | ZF | MI | Cancelled | Link | EV | Manufacturing | 536 |
1/17/25 | Solar Partners | CA | Downsized | Link | Solar | Generation | | $2,200,000,000
1/24/25 | Prysmian | MA | Cancelled | Link | Wind | Manufacturing | 100 | $200,000,000
1/28/25 | Magnis Energy Technologies | NY | Downsized | Link | Battery/Storage | Manufacturing | 80 | $140,000,000
2/4/25 | Kore Power | AZ | Cancelled | Link | Battery/Storage | Manufacturing | 3,000 | $1,200,000,000
2/6/25 | Freyr Battery | GA | Cancelled | Link | Battery/Storage | Manufacturing | 723 | $2,570,000,000
2/11/25 | BorgWarner | MI | Closure | Link | EV | Manufacturing | 188 (total) |
2/11/25 | BorgWarner | MI | Closure | Link | EV | Manufacturing | 188 (total) |
2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | 2000 |
2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | | $320 million (total)
2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | 500 | $320 million (total)
2/17/25 | Aspen Aerogels | GA | Cancelled | Link | EV | Manufacturing | 250 | 325000000
2/24/25 | Nikola | AZ | Downsized | Link | EV | Manufacturing | 315 |
2/24/25 | Air Products | NY | Cancelled | Link | Hydrogen | Generation | 90 | $500,000,000
2/27/25 | Ascend | KY | Downsized | Link | Battery/Storage | Manufacturing | 130 | $310,000,000
3/3/25 | Bosch | SC | Cancelled | Link | Hydrogen | Manufacturing | 350 | $200,000,000
3/11/25 | Proterra | SC | Downsized | Link | Battery/Storage | Manufacturing | 90 |
**Clean Economy Works | total projects announced by year Aug. 2022-Jan. 2025**
**Year** | **Projects** | **Jobs Announced** | **Investment Announced**
---|---|---|---
2022 | 49 | 32,131 | $43,602,000,000
2023 | 196 | 61,673 | $64,577,300,000
2024 | 91 | 21,367 | $21,232,029,000
2025 | 26 | 7,095 | $3,730,000,000
******Clean Economy Works | total projects cancelled, closed, downsized by year 2022-2025**
**Year** | **Projects** | **Jobs Announced/Lost** | **Investment Announced/Lost**
---|---|---|---
2022 | 0 | 0 | 0
2023 | 9 | 2,052 | $744,000,000
2024 | 9 | 5,385 | $1,359,000,000
2025 | 16 | 7,800 | $7,965,000,000
****
**Clean Economy Works | total projects announced by sector Aug. 2022-Jan. 2025**
**Sector** | **Projects** | **Jobs Announced** | **Investment Announced**
---|---|---|---
Battery/Storage | 65 | 29,219 | $43,730,000,000
Biofuel | 1 | 40 | $0
Energy Efficiency | 1 | 200 | $6,000,000
EV | 155 | 65,866 | $83,994,800,000
Geothermal | 1 | 0 | $0
Grid, Transmission and Electrification | 30 | 5,446 | $4,016,359,000
Hydrogen | 19 | 3,556 | $6,139,600,000
Semiconductor | 0 | 1,970 | $5,375,000,000
Solar | 90 | 30,974 | $16,923,570,000
Wind | 28 | 3,254 | $4,060,500,000
_*totals will not match overall figures as some projects are categorized into multiple sectors_
**C****lean Economy Works | total projects cancelled, closed, downsized by sector Aug. 2022-Jan. 2025**
**Sector** | **Projects** | **Jobs Announced/Lost** | **Investment Announced/ Lost**
---|---|---|---
Battery/Storage | 9 | 5,095 | $5,433,000,000
Biofuel | 0 | 0 | $0
Energy Efficiency | 0 | 0 | $0
EV | 12 | 5,114 | $685,000,000
Geothermal | 1 | 0 | $0
Grid, Transmission and Electrification | 0 | 0 | $0
Hydrogen | 2 | 440 | $700,000,000
Semiconductor | 0 | 0 | $0
Solar | 5 | 1,644 | $2,850,000,000
Wind | 6 | 2,690 | $400,000,000
**Clean Economy Works | total projects announced by type Aug. 2022-Jan. 2025**
**Type** | **Projects** | **Jobs** | **Investment**
---|---|---|---
Generation | 44 | 3,786 | $9,438,370,000
Manufacturing | 303 | 109,857 | $119,365,559,000
R&D | 15 | 1,298 | $523,900,000
Recycling, Repair, and Maintenance | 10 | 932 | $213,500,000
**Clean Economy Works | total projects cancelled, closed, downsized by type Aug. 2022-Jan. 2025**
**Type** | **Projects** | **Jobs Announced/Lost** | **Investment Announced/Lost**
---|---|---|---
Generation | 6 | 2,690 | $2,700,000,000
Manufacturing | 28 | 12,563 | $7,368,000,000
R&D | 0 | 0 | $0
Recycling, Repair, and Maintenance | 0 | 0 | $0
****
**Clean Economy Works | total projects announced by congressional district Aug. 2022-Jan. 2025**
**Party** | **Projects** | **Jobs Announced** | **Investments Announced**
---|---|---|---
Republican | 243 | 87,360 | $110,043,529,000
Democratic | 126 | 30,396 | $19,946,000,000
Unknown | 21 | 4,770 | $3,151,800,000
**Clean Economy Works | total projects cancelled, closed, downsized by congressional district Aug. 2022-Jan. 2025**
**Party** | **Projects** | **Jobs Announced/Lost** | **Investments Announced/Lost**
---|---|---|---
Republican | 16 | 10,135 | $6,318,000,000
Democratic | 6 | 928 | $540,000,000
Unknown | 12 | 4,190 | $3,210,000,000
**Clean Economy Works | total projects announced by state Aug. 2022-Jan. 2025**
**State** | **Projects** | **Jobs Announced** | **Investment Announced** | | **State** | **Projects** | **Jobs Announced** | **Investment Announced**
---|---|---|---|---|---|---|---|---
Alabama | 10 | 1,711 | $2,819,200,000 | | North Carolina | 26 | 12,333 | $21,565,959,000
Arkansas | 2 | 500 | $250,000,000 | | Nebraska | 1 | 0 | $0
Arizona | 12 | 2,402 | $6,722,000,000 | | New Hampshire | 1 | 0 | $0
California | 15 | 810 | $1,600,000,000 | | New Mexico | 1 | 0 | $16,300,000
Colorado | 6 | 1,952 | $270,000,000 | | Nevada | 7 | 3,442 | $2,185,000,000
Connecticut | 4 | 100 | $24,800,000 | | New York | 7 | 5,250 | $6,600,000,000
Florida | 6 | 450 | $276,000,000 | | North Dakota | 14 | 3,079 | $791,000,000
Georgia | 33 | 15,980 | $12,881,000,000 | | Ohio | 18 | 5,181 | $7,958,800,000
Iowa | 4 | 102 | $17,000,000 | | Oklahoma | 7 | 1,810 | $4,270,000,000
Illinois | 7 | 2,719 | $2,563,500,000 | | Oregon | 2 | 0 | $43,000,000
Indiana | 12 | 5,262 | $8,316,000,000 | | Pennsylvania | 4 | 427 | $146,100,000
Kansas | 3 | 180 | $110,000,000 | | Puerto Rico | 1 | 800 | $0
Kentucky | 10 | 2,821 | $2,723,900,000 | | Rhode Island | 1 | 0 | $0
Louisiana | 6 | 1,109 | $1,719,500,000 | | South Carolina | 32 | 15,249 | $15,985,800,000
Massachusetts | 6 | 1,041 | $45,700,000 | | Tennessee | 23 | 5,481 | $6,343,000,000
Maryland | 4 | 325 | $316,370,000 | | Texas | 32 | 14,102 | $9,311,000,000
Maine | 1 | 200 | $6,000,000 | | Utah | 3 | 0 | $1,000,000,000
Michigan | 37 | 13,172 | $12,404,400,000 | | Virginia | 7 | 885 | $1,197,500,000
Minnesota | 4 | 700 | $155,000,000 | | Vermont | 1 | 12 | $0
Missouri | 5 | 691 | $747,000,000 | | Wisconsin | 7 | 462 | $242,000,000
Mississippi | 4 | 2,540 | $2,055,000,000 | | West Virginia | 4 | 850 | $1,335,000,000
**Clean Economy Works | total projects cancelled, closed, downsized by state Aug. 2022-Jan. 2025**
**State** | **Projects** | **Jobs Announced/Lost** | **Investment Announced/Lost**
---|---|---|---
Arkansas | 1 | 545 | $0
Arizona | 2 | 3315 | $1,200,000,000
California | 2 | 300 | $2,200,000,000
Colorado | 4 | 1580 | $650,000,000
Georgia | 2 | 973 | $2,895,000,000
Kentucky | 2 | 692 | $814,000,000
Massachusetts | 1 | 100 | $200,000,000
Michigan | 3 | 724 | $0
New Jersey | 3 | 1300 | $0
New York | 3 | 1470 | $640,000,000
Ohio | 1 | 450 | $40,000,000
Oklahoma | 3 | 2500 | $320,000,000
South Carolina | 2 | 440 | $200,000,000
Tennessee | 1 | 120 | $600,000,000
Texas | 1 | 150 | $0
Virginia | 2 | 350 | $309,000,000
Washington | 1 | 244 | $0
—
**About E2’s Analysis**
_Announcements_
Projects that began development, were proposed, or applied for local and state approval before the passage of the Inflation Reduction Act (IRA) are not included. This analysis also does not include investments in which the federal government has provided financial resources for the complete project, lease sales, projects in which an announcement was made but lacked specific geographic information, etc. Details on projects came from news reports on new and related projects; press releases from companies announcing new developments; and government announcements.
_Cancellations, Closures, Downsizes_
This tracking includes all projects, plants, operations, or expansions that were cancelled or closed since passage of the IRA in August 2022. This does not include announced layoffs that are not associated with a project downsizing unless there is a stated decease in production output. This list also does not include the transfer of project ownership, if production will continue under the new ownership, power purchasing agreements, or other similar type of announcements. Project delays or idling of facilities are not included unless there in an announced decrease in production or investment or unless the project will need to be restarted to proceed in the future
—
**Additional Resources:**
* E2: Clean Jobs America 2024 | Interactive Jobs Map & Full Data Tables
* E2: Clean Economy Works | IRA Two-Year Review
* E2: Clean Economy Works Tracker
* E2: Benefits to Rural America from the Inflation Reduction Act: Driving Jobs, Investment, and Economic Resilience
* E2: Clean Economy Works | An Economic Impact Analysis of Major Clean Energy Projects Announced In Year One of the Inflation Reduction Act
###
_E2_ _is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and managed more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on X/Twitter at_ _@e2org_ _and Bluesky at_ _@e2org.bsky.social_ _._