Trump administration mulling cancellation of more than 600 grants totaling more than $20 billion in funding for cheap, clean, and reliable energy.
WASHINGTON (Oct. 9, 2025) – Last week, the Department of Energy (DOE) cancelled federal support for 321 major energy projects – including transmission grid upgrades, new hydrogen projects and methane reduction projects for the oil and gas industry – taking back more than $7.5 billion in funding that had previously been promised to American businesses. This week, the Trump Administration is considering plans to pull back an additional $12 billion in funding for projects designed to expand American-made energy.
The following is a statement from Sandra Purohit, federal advocacy director for the national nonpartisan business group E2:
“Dismantling clean energy projects across the country at a time when some Americans are seeing their electricity bills skyrocket, at twice the rate of inflation since 2020, simply makes no sense,” Purohit said. “The president has said we are facing an energy emergency. But adding obstacles to building the cheapest, fastest sources of energy, and stalling energy innovation is a confounding choice that’s antithetical to a free and open market.”
The slashing of investments in clean energy – even while solar, wind, and batteries remain the cheapest source of power we can build – also threatens to kill one of the fastest-growing employment sectors in America, according to E2.
In 2024, clean energy jobs grew more than three times faster than the rest of the U.S. economy, as detailed in E2’s annual Clean Jobs America report. With more than 3.5 million workers, clean energy is the backbone of the U.S. energy sector. Last year, 82 percent of all new energy jobs were clean energy jobs.
The administration’s attempts to stop the expansion of renewable energy in America have already caused businesses to cancel more than $22 billion in clean energy projects and more than 16,000 jobs in the first half of 2025, and the DOE’s latest actions will likely cause more cancellations, according to Purohit.
For more information regarding clean energy projects and related jobs, see E2’s Clean Economy Works database. Reporters wishing to get an embargoed copy of the latest forthcoming update to the database can contact Daniel Baker at [email protected].
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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 @e2.org.