The DOE has officially canceled five Biden-era energy grants worth $700M+, marking the first confirmed actions from a broader $20B list of potential project terminations. (E&E News)
Affected companies include Ascend Elements, American Battery Technology Co., Anovion, ICL Specialty Products, and LuxWall—all focused on US battery and clean manufacturing plants.
Read the room: Energy Secretary Chris Wright said the projects “missed milestones” and failed to offer a strong taxpayer return, calling the cancellations “fiscally responsible.” Critics argue the cuts are politically driven and violate federal spending laws.
Despite the funding losses, several companies said they’ll continue construction through private capital and public markets, emphasizing that US battery supply chain projects are too important to abandon.