Overview

• The Energy Department announced the cancellation of nearly $3.7 billion in grants for 24 clean energy projects, including carbon capture and decarbonization initiatives.
• An E2 and Atlas Public Policy analysis found that over $14 billion in U.S. clean energy investments have been canceled or delayed this year, costing roughly 10,000 jobs.
• The House passed legislation to accelerate the phaseout of EV, solar and other clean energy tax credits, and the Senate is now debating the bill.
• Tesla warned that an abrupt end to Section 25D and Section 48E credits could threaten grid reliability and domestic manufacturing growth.
• Some Republican senators, such as Thom Tillis and Lisa Murkowski, have voiced concerns about immediate credit eliminations citing risks to state economies and future investments.