- Nearly 3,000 jobs lost in September; nearly 21,000 jobs lost in 2025 due to cancellations
- GOP districts lose $12.4 billion in investments, 15,000 jobs disappear
- $542 million in new investments, 985 jobs announced in September
WASHINGTON –Businesses canceled, closed, and scaled back nearly $1.6 billion worth of large-scale factories and clean energy projects in September, bringing the total cost of projects cancelled in the private-sector to over $24 billion in 2025 alone, according to E2’s latest monthly analysis of clean energy projects tracked by E2 and the Clean Economy Tracker.
The latest wave of private-sector cancellations — affecting four battery, storage, and electric vehicle factories in Kansas, Michigan, North Carolina, and Tennessee — comes as the U.S. Department of Energy cancelled nearly $8 billion for over 200 projects across the U.S. that are not tracked in E2’s analysis of privately funded projects. Nearly 3,000 jobs were lost to the cancellations and scales backs E2 found in September, bringing the total number of jobs lost to abandoned projects in 2025 to nearly 21,000.
While Democratic congressional districts and states are losing the most from the administration cancelling clean energy funding, Republican districts are losing the most from private-sector cancellations. More than $12.4 billion in investments that would have created almost 15,000 jobs have been cancelled in Republican districts so far in 2025. Over $7.5 billion and 5,000 jobs have been lost in Democratic districts.
Last month’s cancellations were led by major automakers scaling back electric vehicle production investments. General Motors downsized two electric vehicle production lines in Tennessee and Kansas that impact 1,600 workers. Additionally, sodium-ion battery startup Natron Energy is ending operations—closing a $40 million battery facility in Michigan that employed 150 workers and cancelling plans to open a future $1.4 billion factory in North Carolina that would have employed 1,000 workers
Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:
“The loss of these projects isn’t just a setback for clean energy—it’s a setback for America’s workers and competitiveness. For every cancelled factory or downsized plant, behind the scenes many more projects are not being announced at all as more capital flees and businesses look overseas to invest instead. That means fewer paychecks, less local investment, and fewer opportunities for U.S. workers to lead in the industries of the future.
While other nations are racing ahead to capture the clean energy economy, these cancellations leave American communities falling further behind.”
Amid the cancellations and rising threats to the clean energy industry, businesses in September announced more $542 million in investments for new electric vehicle and solar parts manufacturing facilities, and critical grid infrastructure needed to support AI data center expansion. The projects are expected to create about 985 new permanent jobs.
Clean Economy Works | total projects announced by year 2022- 2025
| Year | Projects | Jobs Announced | Investment Announced |
| 2022 | 72 | 31,131 | $43,489,500,000 |
| 2023 | 190 | 59,035 | $64,114,200,000 |
| 2024 | 84 | 18,565 | $16,335,529,000 |
| 2025 | 69 | 16,275 | $11,021,350,000 |
| Total | 415 | 125,006 | $134,960,579,000 |
*cancelled projects that were tracked by E2 have been removed from figures
Clean Economy Works | total projects cancelled, closed, downsized by year 2022-2025
| Year | Projects | Jobs Lost | Investment Lost |
| 2022 | 0 | 0 | 0 |
| 2023 | 9 | 2,052 | $744,000,000 |
| 2024 | 14 | 7,546 | $1,971,500,000 |
| 2025 | 42 | 20,836 | $24,283,100,000 |
| Total | 65 | 30,434 | 26,998,600,000 |
*includes projects announced, completed, or operational before federal tax credits were passed that were not counted in E2’s tracking that began in August 2022
Through September, 62 percent of all clean energy projects announced since August 2022—along with 73 percent of all jobs and 80 percent of all investments —have been in congressional districts represented by Republicans. Democratic districts account for about 33 percent of all projects but just 24 percent of jobs and 17 percent of investments announced.
According to E2’s tracking, September’s announcements bring the overall number of major new clean energy projects announced since federal clean energy tax credits passed in August 2022 to 415 across 42 states and Puerto Rico. Companies have said they plan to invest nearly $135 billion in these projects and hire 125,000 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 65 announced or operational projects have been cancelled, closed, or scaled back—42 in 2025 alone. More than 30,000 jobs and nearly $27 billion in investments were connected with the abandoned projects and facilities.
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/cleaneconomyworks/
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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.
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Additional Resources:
- E2: Clean Jobs America 2025 | Interactive Jobs Map & Full Data Tables
- 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 Through Two Years of the Inflation Reduction Act
- E2: Clean Economy Works | IRA Two-Year Review
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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.