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Trump Administration Cancels $30 Billion in Clean Energy Loans

1/23/2026

Summary

Story summary

The Trump administration's Department of Energy canceled nearly $30 billion in loans for clean energy projects initiated under President Biden, including the $4.9 billion Grain Belt Express project and $3 billion for Sunnova.
An additional $53 billion in loans is currently under review as the agency shifts funding towards natural gas and nuclear energy.
Energy Secretary Chris Wright stated the focus is on affordable and reliable energy, with $259 billion now available for new projects in fossil fuels and critical minerals.

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Story summary

The Trump administration's Department of Energy canceled nearly $30 billion in loans for clean energy projects initiated under President Biden, including the $4.9 billion Grain Belt Express project and $3 billion for Sunnova.
An additional $53 billion in loans is currently under review as the agency shifts funding towards natural gas and nuclear energy.
Energy Secretary Chris Wright stated the focus is on affordable and reliable energy, with $259 billion now available for new projects in fossil fuels and critical minerals.