- 14 new projects announced to add 7,500 jobs, nearly 1GW in new capacity
- 9 projects canceled, nearly 10,000 jobs and 1.8GW in capacity lost
- Cancellations and project losses continue to outpace 2025, surpass 2022 and 2023 totals combined
WASHINGTON – Clean energy related companies announced 14 new manufacturing and utility-scale generation and storage projects totaling nearly $3 billion that would create 7,500 new jobs and add nearly 1 gigawatt (GW) in new capacity, according to E2’s latest Clean Economy Works analysis tracking clean energy project announcements and cancellations nationwide.
The surge in new projects came as companies raced to begin construction before the July 4 phase-out of federal clean energy tax credits under recently enacted policy changes. The 82 projects announced in 2026 have already surpassed the total jobs, investments, and new capacity announced by companies last year.
Still, the pace of new project announcements remains well below the boom years immediately following passage of federal tax credits. Between 2022 and 2024, companies announced more than 1,000 manufacturing and utility-scale generation and storage projects nationwide. Since the start of 2025, fewer than 200 new projects have been announced.
At the same time, project cancellations and downsizing continued to outpace previous years. Nine projects and nearly $4 billion of new investments were canceled according to E2, bringing the year-to-date total to nearly 10 GW of cancelled new capacity, 52,000 lost jobs, and $18 billion in lost project investments—surpassing the total jobs, capacity, and investment lost to abandoned projects in 2022 and 2023 combined. Moreover, since 2025 companies have canceled almost twice as much investment as they have announced, resulting in more than 136,000 lost jobs compared to just over 100,000 announced jobs.
Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:
“The clean energy industry still sees enormous demand for new electricity generation, manufacturing, and grid infrastructure. What we’re seeing is not a lack of demand—it’s growing policy obstacles and uncertainty making it harder for businesses to complete projects.’
“Every canceled project means less cheap, clean electricity on the grid, and fewer jobs in the workforce, at a time when energy prices and demand is soaring.
Generation + Manufacturing projects announced by year 2022- April/May 2026
| Year | Projects | MW | Construction Jobs | Operational Jobs | Investment |
| 2022 | 307 | 40,895 | 143,034 | 29,419 | $105,973,410,397 |
| 2023 | 333 | 28,818 | 109,042 | 62,216 | $115,906,886,779 |
| 2024 | 377 | 76,079 | 303,817 | 30,573 | $135,163,536,510 |
| 2025 | 112 | 5,369 | 22,697 | 24,825 | $19,276,574,843 |
| 2026* | 82 | 13,311 | 49,890 | 7,089 | $22,463,806,080 |
| Total | 1,211 | 164,472 | 628,480 | 154,122 | 398,784,214,609 |
*through May 2026 for manufacturing projects; through April 2026 for generation and storage projects
Generation + Manufacturing projects canceled, closed, downsized by year 2022-April/May 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 | 46 | 5,281 | 19,112 | 4,926 | $11,170,543,597 |
| 2024 | 67 | 11,925 | 32,025 | 8,569 | $34,435,184,188 |
| 2025 | 141 | 13,359 | 45,302 | 38,959 | $57,697,915,328 |
| 2026* | 54 | 9,792 | 42,349 | 10,019 | $18,226,895,020 |
| Total | 342 | 42,755 | 147,032 | 62,703 | $125,898,045,042 |
*through May 2026 for manufacturing projects; through April 2026 for generation and storage projects
Since E2 began tracking announcements and cancellations in 2022, more than 1,200 generation and manufacturing projects that plan to invest nearly $400 billion have been announced while 342 projects and over $125 billion in planned investments have been canceled.
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.