WASHINGTON – Clean energy projects continued to grow in May and June as renewable energy developers and clean energy-related manufacturers raced to meet federal tax credit deadlines amid growing demand and prices for electricity.
Still, federal policy rollbacks and other challenges are causing companies to cancel or abandon plans, eliminating new sources of electricity, electric vehicles and new jobs and investments.
While the clean energy generation projects announced in May and the manufacturing projects announced in June are expected to create more than 19,800 new jobs, companies also canceled, downsized or abandoned projects that would have created nearly as many jobs, according to research from national nonpartisan business organization E2 and research firm Atlas Public Policy.
Following is a statement from MICHAEL TIMBERLAKE, DIRECTOR OF RESEARCH FOR E2:
“It’s one step forward, one step back. New clean energy projects are still growing, but project cancellations continue to grow too amid continued federal policy pressures and other challenges.
Especially with electricity and gas prices continuing to rise, Washington should be doing more to support the growth of clean energy and clean vehicles – not making it harder to build more cheap, homegrown energy and vehicles that aren’t shackled to global oil prices.”
New solar and storage generation projects surged in May, as companies continued to develop projects ahead of the July 4 phase-out of federal clean energy tax credits under last year’s One Big Beautiful Bill Act (OBBBA). The 22 utility-scale generation and storage projects announced during May are expected to create about 17,900 construction and operational jobs, and approximately $6.1 billion in investment.
Yet in the same month, 12 generation and storage projects were canceled, representing 3,488 MW of lost capacity, nearly $5.9 billion in abandoned investment, and about 18,300 lost construction and operational jobs.
Manufacturing investments increased in June, powered by seven announced projects, the largest of which is Convalt’s planned $5 billion solar manufacturing facility in New Mexico. On the flip side, electric vehicle maker Lucid Motors announced a major downsizing in June that will eliminate about 700 manufacturing jobs. Year-to-date, E2 has tracked the cancellation, closing or downsizing of 14 manufacturing projects, resulting in the loss of $7 billion in planned investments and 14,482 jobs.
Generation + Manufacturing projects announced by year 2022- May/June 2026
| Year | Projects | MW | Construction Jobs | Operational Jobs | Investment |
| 2022 | 310 | 40,693 | 142,404 | 32,778 | $109,490,305,048 |
| 2023 | 336 | 28,818 | 109,042 | 62,566 | $116,161,886,779 |
| 2024 | 376 | 75,609 | 302,351 | 30,815 | $135,169,849,720 |
| 2025 | 121 | 5,369 | 22,697 | 28,620 | $25,198,602,599 |
| 2026* | 115 | 17,348 | 67,330 | 10,352 | $34,620,962,234 |
| Total | 1,258 | 167,837 | 643,824 | 165,131 | 420,641,606,380 |
*through June 2026 for manufacturing projects; through May 2026 for generation and storage projects
Generation + Manufacturing projects canceled, closed, downsized by year 2022-May/June 2026
| Year | Projects | MW Lost | Construction Jobs Lost | Operational Jobs Lost | Investment Lost |
| 2022 | 34 | 2,398 | 8,244 | 230 | $4,367,506,909 |
| 2023 | 47 | 5,281 | 19,112 | 5,926 | $11,430,543,597 |
| 2024 | 75 | 11,925 | 32,025 | 12,678 | $34,465,084,188 |
| 2025 | 142 | 13,359 | 45,302 | 39,109 | $57,758,915,328 |
| 2026* | 72 | 13,280 | 60,452 | 15,698 | $26,520,838,314 |
| Total | 370 | 46,253 | 165,135 | 73,641 | $134,542,888,336 |
*through June 2026 for manufacturing projects; through May 2026 for generation and storage projects
To download the analysis memo with table totals by state, sector, industry, congressional district, and year, click here.
A full map and list of announcements is available at e2.org/project-tracker/.
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About E2’s Analysis
Manufacturing projects are tracked through publicly available company announcements, public filings, media reporting, statements by local leaders and other public sources. This analysis is limited to only private-sector investment in clean energy manufacturing and generation projects since federal energy tax credits were passed in August 2022. The tracking excludes projects that were proposed, sited, or in any way began development prior to the passage of federal energy tax credits as well as those funded entirely by federal sources or lacking specific geographic data. Project delays or idling of facilities are not included unless there is an announced decrease in production or investment or unless the project will need to be restarted to proceed in the future.
Job estimates and capital investment figures associated with tracked projects come directly from company announcements or other publicly available data. About one-third of all projects include either no job or investment estimates in their announcements. Project details—including locations, job estimates, and investments estimates—are updated when new publicly available information is provided by companies or media reports.
Generation projects are tracked using data analyzed by Atlas Public Policy from the U.S. Energy Information Administration’s (EIA) Preliminary Monthly Electric Generator Inventory (Form EIA-860M), alongside annual EIA generator data where applicable, as the primary source for monitoring new generation project announcements, construction activity, operational changes, cancellations, postponements, and retirements. Under the EIA dataset structure, historical status transitions and project additions are only identifiable by year rather than by exact month or day as is the case with manufacturing projects. As a resul,t 1) historical generation project announcements, construction starts, cancellations, and abandonments can only be dated to the year in which the status change appeared in EIA reporting, and 2) moving forward, E2 will maintain monthly snapshots of the EIA inventory data, allowing future updates to identify generation project changes by month, quarter, and year.
Because EIA generator inventory data is released as periodic monthly snapshots and may include reporting delays from developers, generation project updates lag manufacturing tracking by one month.
Together, the data provide a clear picture of a U.S. clean energy economy that entered 2025 with momentum—but exited the year facing mounting instability, record reversals, and eroding investor confidence—A concerning trend that has continued into 2026
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Additional Resources:
- E2: Clean Jobs America 2025 | Interactive Jobs Map & Full Data Tables
- E2: Clean Economy Works Tracker
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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.