More than $24 billion in clean energy investments have been withdrawn so far in 2025, according to the clean energy advocacy group E2, which tracks large-scale clean energy design adverts across the United States. The group’s rearmost report shows that companies canceled or gauged back nearly $1.6 billion worth of clean energy systems in September alone, motioning a continued retardation in the sector’s growth line.
The September decline was largely driven by the arrestment of Natron Energy, a California-grounded sodium-ion battery incipiency that closed its installations in Santa Clara and Holland, Michigan, due to undetermined backing challenges. Before shutting down, Natron had blazoned plans for a $1.4 billion battery manufacturing factory in Rocky Mount, North Carolina, which will no longer do.
General Motors also made notable cutbacks in its electric vehicle operations last month. In a form to the U.S. Securities and Exchange Commission on October 14, GM stated that it’s reassessing its EV capacity and manufacturing footprint following recent policy shifts by the U.S. government. The company cited the termination of consumer duty impulses and the relaxation of emigration norms as crucial reasons for its strategic review. GM noted that these changes are anticipated to decelerate the overall rate of electric vehicle relinquishment in the near term.
E2’s report highlights that although $11 billion in new clean energy systems have been blazoned in 2025, the pace of investment remains inadequate to neutralize the wide cancellations and retardations that have characterized the time. “New investments still fall far short of negating the scale of cancellations and retardations across the clean energy manufacturing base,” the report stated.
Despite the overall downturn, there were some positive developments in September. Businesses blazoned $542 million in new clean energy investments during the month, which are anticipated to produce roughly 985 jobs. Among the most significant adverts was Hitachi Energy’s decision to invest $457 million in a grid manufacturing installation in Virginia, signaling ongoing interest in strengthening the country’s power structure.
E2’s data reveals that the clean energy sector endured strong instigation following the passage of the Inflation Reduction Act (IRA) in 2022. The IRA expanded civil duty credits for renewable energy and clean technology systems, leading to a swell of investment adverts.
Since that time, companies have blazoned 415 major clean energy systems across 42 countries and Puerto Rico, representing $135 billion in total investment and an estimated 125,000 planned jobs.
Still, that upward line has weakened in 2025. Since the morning of the time, 42 clean energy systems have been canceled or gauged back, representing a significant reversal in instigation. Battery storehouse and electric vehicle manufacturing systems have been hit particularly hard, accounting for 32 of those cancellations. Inclusively, those systems represent $19.2 billion in lost investment and roughly 18,700 jobs that will no longer materialize.
According to E2, much of the decline can be traced to policy changes enforced under the Trump administration, particularly the passage of the One Big Beautiful Bill Act in July. The legislation significantly reduced or excluded several duty credits that had been introduced under the Affectation Reduction Act. These duty credits had preliminarily served as crucial fiscal impulses for companies investing in clean energy technologies, such as solar, wind, battery storehouses, and electric vehicles.
E2 noted that the junking of these impulses has caused queries across the clean energy industry, with numerous businesses re-evaluating their investment strategies. Several enterprises that had preliminarily planned large-scale expansions have either delayed construction, lowered their operations, or abandoned systems altogether. The performing retardation has affected countries that had been major heirs of clean energy investments, including Texas, Georgia, Michigan, and North Carolina.
The advocacy group’s findings suggest that the broader clean energy frugality, which had seen rapid-fire growth since 2022, is now facing significant headwinds. While some companies continue to move forward with systems concentrated on grid modernization and renewable energy structure, others are holding back until there’s greater policy clarity.
E2’s report paints a mixed picture of the current clean energy geography. On one hand, new systems like Hitachi Energy’s Virginia installation indicate that portions of the industry remain flexible and capable of attracting capital. On the other, the high volume of canceled and gauged-back systems shows that confidence in long-term civil support has weakened vastly.
Overall, E2 concludes that the line of clean energy growth in 2025 has sprucely braked, marking one of the most significant downturns in the assiduity since the passage of the Affectation Reduction Act. The report suggests that unless policy conditions stabilize and investor confidence returns, the United States could see a continued decline in clean energy investment and job creation in the months ahead.
