New US Clean Energy Project Report: More Minus, Less Plus

The latest report from clean energy organization E2 reveals a mixed picture for US clean energy investments in May 2025. While the country saw $444 million in new clean energy investments, this positive development was overshadowed by $1.4 billion in project cancellations and downscalings, indicating a significant decline in investor confidence. This downturn is largely attributed to political factors, particularly the opposition from the current US administration and the Republican-controlled Congress, which have undermined the support and implementation of the Inflation Reduction Act (IRA)—a key legislative driver of clean energy growth passed in 2022. The IRA initially spurred $132 billion in planned clean energy investments across 42 states, with the potential to create 123,000 permanent jobs. Notably, a majority of these projects and benefits were located in Republican congressional districts, which have suffered the most from recent cancellations and delays. E2 reports that in 2025 alone, over $15.5 billion in investments and 12,000