$8 billion of US climate tech projects have been canceled so far in 2025
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Summary
A report from nonpartisan policy group E2 has found that 16 large-scale clean energy projects worth a total of $8bn were cancelled, downsized or shut down in the first quarter of 2025, with the sector also hit by revised federal policies and lagging EV demand.
The White House has attempted to claw back federal investments and new tariffs on imports, particularly from China, which dominates the supply chain for energy technologies, has also impacted the industry.
The report only tracked large-scale investments, and left out paused projects, with environmental studies professor Jay Turner saying the unprecedented level of uncertainty in the sector has led to many projects being cancelled or slowed down.
However, hundreds of other projects are still underway, although the report suggests this may be an early sign of uncertainty in the climate technology sector.