Announce: $4.5 billion in orderly vitality investments cancelled in April
The field can quiz to undercover agent a ways more investment nixed if the GOP’s Extensive Aesthetic Invoice becomes regulations. Read Extra
By
Leah Garden
Offshore wind is ethical one target of President Trump’s anti-orderly vitality agenda. Source: Shutterstock/
A newly launched describe from NGO E2 tallied $4.5 billion worth of cancelled orderly vitality investments in April. This brings total cancellations to $8 billion in the first quarter of 2025. The describe’s launch coincides with the passage of the Home’s version of the Budget Invoice, proposed regulations that in fact revokes the vast majority of orderly vitality investment and manufacturing credits launched in the 2022 Inflation Reduction Act.
“If the tax idea handed by the Home final week becomes regulations, quiz to undercover agent construction and investments stopping in states finally of the country as more initiatives and jobs are cancelled,” said Michael Timberlake, communications director at E2.
Four initiatives had been cancelled in April: two in the battery/storage sector, one in EV production and one an offshore wind venture:
- Stellantis (Illinois) — a $3 billion battery plant and orderly substances distribution hub.
- SungEel HiTech Co. (Georgia) — a $37 million lithium battery recycling facility.
- RWE (California, Sleek York, Louisiana) — a $1.1 billion investment from the German wind developer.
- Juniper Energy (Massachusetts) — $170 million in promised investments in a lithium battery storage plant life.
Credit rating uncertainty, mixed with the Trump administration’s ever-fluctuating tariffs and provide chain woes, has hit the battery storage and recycling industry significantly laborious. In Might also, battery recycling startup Li-Cycle declared economic waste and Atlas Public Policy reported that more battery initiatives were cancelled in Q1 2025 than the previous two years.
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Leah Garden
Leah Garden is a local climate policy journalist and has written for The Every single day Beast, The Sleek Republic, Contemporary Farmer, and others.
