US plans to cancel 7 conditional commitments for green projects
https://www.semafor.com/article/05/19/2025/us-plans-to-cancel-7-conditional-commitments-for-clean-energy?utm_campaign=semaforreddit
by semafornews
US plans to cancel 7 conditional commitments for green projects
https://www.semafor.com/article/05/19/2025/us-plans-to-cancel-7-conditional-commitments-for-clean-energy?utm_campaign=semaforreddit
by semafornews
4 comments
From Semafor’s Tim McDonnell:
The US Department of Energy plans to cancel seven major loans and loan guarantees that had been conditionally approved under the Biden administration.
The list, shared with Semafor by a former DOE official close to the process, includes three projects that were still scheduled for completion by their sponsors, including a transmission project by a New Jersey utility, a loan program for low-income homeowners to install rooftop solar panels by Sunnova, and a factory to produce low-carbon ammonia by Monolith Nebraska. All three companies did not immediately return requests for comment.
The other four projects were already previously cancelled by their companies because of other various headwinds: Battery factories for Redwood Materials, Aspen Aerogels, and KORE Power, and a plastics recycling facility by International Recycling Group.
[Read the full story here.](https://www.semafor.com/article/05/19/2025/us-plans-to-cancel-7-conditional-commitments-for-clean-energy?utm_campaign=semaforreddit)
Well done evil fks
> But it’s revealing that the administration would let these projects — most of which are in sectors where the US is already far behind China — fall by the wayside, rather than take steps to prop them up.
Republicans are running this country like a recently purchased company funded by private equity does. Extracting as much short term profits you can at the expense of long term growth and stability. We’re so fucked.
We live in stupid times, the level of self-destruction is growing.
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