Clean Economy Works | September 2025 Analysis

Introduction

This Clean Economy Works (CEW) analysis is part of E2’s ongoing monthly tracking of large-scale clean energy project announcements, cancellations, closures, and downsizes across the United States. This analysis monitors private-sector investment in clean energy manufacturing, generation, and grid infrastructure projects since federal energy tax credits were passed in August 2022. The tracking excludes projects that began, were proposed, sited, or in anyway began development prior to the IRA, as well as those funded entirely by federal sources or lacking specific geographic data. CEW measures key indicators including investment value, job creation or losses, project types (manufacturing, generation, research and development), and distribution by sector, state, and congressional district.

Since 2025, this analysis began to include all project cancellations, closures, and downsizings going back to August 2022 due to rising business uncertainty about the future of U.S. clean energy policy, culiminating in the rollback and restriction of energy tax credits included in the  federal tax and spending bill passed in July 2025. E2’s methodology excludes temporary delays or ownership transfers that do not impact production capacity. E2’s tracking of cancelled and closed projects includes developments that may not have been counted as an announcement because they had been proposed, announced, broken ground, or opened prior to August 2022.

This dataset provides a comprehensive look at the evolving U.S. clean energy economy—highlighting the impact of federal policy changes, supply chain dynamics, and market shifts on America’s clean energy workforce and investment pipeline.

September Highlights

Overview