3 FAQs about Energy storage projects have been suspended

Are electric vehicle and battery storage projects being impacted?

The electric vehicle and battery storage spaces have been particularly hard-hit, with 11 and 16 projects affected, respectively. Five projects — or the equivalent of $6.7 billion of lost investment — were downsized or cancelled in June alone, all of them in the electric vehicle or battery storage manufacturing space.

How many projects have E2 canceled?

E2, which has been tracking new investments in manufacturing and large-scale energy projects, is now expanding its regular reports to include project cancellations, shutdowns, and downsizings as well. From August 2022 to the end of 2024, 18 projects were canceled, closed, or downsized, according to E2's data.

Are two Department of Energy Labs mulling budget cuts?

Meanwhile, two Department of Energy-run national labs are reportedly also mulling cuts. Politico reported last week that the labs are considering laying off more than 3,000 scientists and staff in light of the threat of President Trump's budget cuts.

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