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DOE to Return Over $13 Billion in Unspent Clean‑Energy Funds to Treasury

The decision follows a new law rescinding Inflation Reduction Act balances, with officials declining to specify which programs will lose money.

Overview

  • The funds are unobligated balances, so the action blocks future outlays rather than canceling already awarded contracts.
  • Energy Secretary Chris Wright said the money had been slated for subsidies for wind, solar, batteries and electric vehicles.
  • The department framed the step as returning money to taxpayers and a shift toward more affordable, reliable and secure energy.
  • The One Big Beautiful Bill Act signed in July authorized rescinding unused Inflation Reduction Act clean‑energy funding across multiple programs.
  • California’s governor and clean‑energy advocates warned of job losses and ceded technology leadership, citing faster clean‑energy job growth in 2024.