Overview
- The Department of Energy confirmed canceling roughly $718–$720 million in five awards covering Ascend Elements, American Battery Technology Co., Anovion, ICL Specialty Products, and LuxWall.
- Canceled awards included $316 million for Ascend Elements in Kentucky, $197.3 million for ICL in Missouri, $117 million for Anovion in Alabama, $57.7 million for American Battery Technology in Nevada, and $31.7 million for LuxWall in Detroit.
- Several grants had partial disbursements before termination, including $206 million already paid to Ascend Elements, about $13.8 million to Anovion, and $1 million to LuxWall, according to company filings and federal data.
- Ascend Elements says it will proceed using alternative financing, while American Battery Technology and LuxWall say they plan to appeal; recipients generally have 30 days to contest DOE decisions.
- DOE says reviews of Biden‑era awards are ongoing, following an earlier $7.56 billion round of cancellations, as outside groups track potential cuts to hundreds of additional projects totaling about $23 billion and senators warn of legal and economic fallout.