US president Donald Trump has cancelled $700 million in clean energy grants, targeting battery and manufacturing projects across multiple states.
The decision affects five companies - Ascend Elements, American Battery Technology Co., Anovion, ICL Specialty Products, and LuxWall - disrupting plans for new battery facilities.
The US Department of Energy (DoE) said the projects failed to meet milestones and were “not economically viable,” though several companies plan to continue without federal support.
Reports suggest the cancellations are part of a wider $20 billion rollback of clean energy projects circulating among lobbyists in Washington.
Earlier this month, the DoE scrapped $7.56 billion in funding for hundreds of renewable projects, most in states won by former Vice President Kamala Harris.
The moves followed a $26 billion funding freeze that hit Democratic priorities after a federal budget standoff.
The Trump administration has also halted major renewable projects, including the Empire Wind and Revolution Wind offshore farms, citing “national security” concerns.
In August, Trump officials cancelled a multi-billion-dollar solar program in Arizona and began efforts to revoke approval for Maryland’s 2 GW offshore wind project.
The crackdown is driving energy companies out of the US market - including Jera Nex BP, which has suspended its Beacon Wind project and will close US operations.
As Trump doubles down on his “war on renewables,” clean energy developers warn that investment, jobs, and progress toward a low-carbon grid are all at risk.