Overview

• The Department of Energy said it intends to send more than $13 billion back to the Treasury that had been authorized for wind, solar, batteries and electric vehicles.
• Officials did not identify which programs or projects will lose funding, leaving developers, lenders and states uncertain about near-term impacts.
• DOE framed the step as fiscal stewardship and a shift toward more affordable, reliable energy, with Energy Secretary Chris Wright criticizing subsidies for renewables and EVs.
• The rescinded balances stem from Inflation Reduction Act programs, with affected areas described in coverage to include the Loan Programs Office, transmission siting, energy efficiency contractor grants and industrial decarbonization.
• An E2 report said clean-energy jobs grew three times faster than the overall U.S. workforce in 2024 and warned the cuts could threaten employment, as President Trump denounced green policies at the U.N. and Wright said he has no plans to attend climate talks in Brazil.