Late last week (May 28, 20250), the U.S. Department of Energy (“DOE”) announced that it had terminated $3.7 Billion in grants awarded to clean energy projects under the Biden administration through the Office of Clean Energy Demonstrations (OCED). In the DOE’s press release, the Administrator claiming that the prior administration “failed to conduct a thorough financial review,” and that the projects were not economically viable.

In total, 24 grants were terminated. Of those grants that were terminated, the DOE stated that 2/3 rd of these grants were awarded between the November 2024 election and the January 2025 Presidential inauguration.

Most of the cancelled projects focused on carbon capture and sequestration (CCS) and various decarbonization initiatives.

In a statement announcing

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