DOE Review Threatens $7.56B in Clean Energy Grants, Including Hydrogen Hubs and Direct Air Capture Projects
The Department of Energy (DOE) has announced a significant review of clean energy grants, with over 600 projects potentially at risk of cancellation. This includes the five remaining federally funded hydrogen hubs and two major direct air capture projects. The move could impact Republican states and districts, with over $7.56 billion in funding on the line.
The cancellations are part of a larger plan by the DOE to cut grants totaling over $800 million, affecting companies such as Ford, General Motors, and Volvo. The new list includes dozens of additional cancellations from the Grid Deployment Office and the Office of Manufacturing and Energy Supply Chains. This follows the cancellation of over 300 grants last week, with two dozen grants canceled earlier in the year also on the list.
The review is not yet final, and the DOE is assessing financial awards made by the previous administration. However, the potential impact is substantial, with over $4.5 billion in canceled funding for five hydrogen hubs alone. The cancellations also include both of the largest direct air capture hub awards, potentially affecting developments by Occidental Petroleum and a Battelle-led consortium.
The DOE's review and potential cancellation of these clean energy grants could have significant implications, impacting over $7.56 billion in funding and numerous projects across the country. The final decision is still pending, and the affected parties await the outcome of the DOE's assessment.
