Trump DOE confirms it’s canceling over $700M in manufacturing grants

The U.S. Department of Energy (DOE) under the Trump administration has confirmed it is canceling approximately $720 million in manufacturing grants originally awarded during the Biden administration. These grants, funded by the Bipartisan Infrastructure Law of 2021, were intended to support companies involved in battery material production, lithium-ion battery recycling, and manufacturing of energy-efficient super-insulating windows. Energy Secretary Chris Wright cited missed milestones and insufficient progress toward national energy goals as reasons for the cancellations. The affected projects include several startups such as Ascend Elements, Anovion, and LuxWall, which had received substantial funding to develop innovative technologies and manufacturing facilities aimed at strengthening domestic supply chains and reducing energy consumption. Among the impacted companies, Ascend Elements was awarded $316 million to build a lithium-ion battery recycling facility in Kentucky and had already received $206 million. Anovion received $117 million to reshore synthetic graphite production critical for battery anodes, a market currently dominated by Chinese suppliers. LuxWall, awarded