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DOE Cuts $1.6 Billion, Threatens Clean Energy Future

3/27/2025

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Summary

Story summary

The Department of Energy is set to axe several clean energy projects, including six vital long-duration energy storage initiatives backed by the bipartisan Infrastructure Law. This drastic move, totaling $900 million in cuts to energy efficiency grants and $760 million from the Grid Deployment Office, threatens the future of renewable energy and shakes investor confidence.

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Story summary

The Department of Energy is set to axe several clean energy projects, including six vital long-duration energy storage initiatives backed by the bipartisan Infrastructure Law. This drastic move, totaling $900 million in cuts to energy efficiency grants and $760 million from the Grid Deployment Office, threatens the future of renewable energy and shakes investor confidence.