More clean tech manufacturing investments were cancelled in U.S. in the second quarter than were announced, according to a new study from the Rhodium Group and MIT. Companies cancelled $5 billion worth of projects, while only $4 billion in new investments were announced.

Actual clean tech manufacturing investments, not just announcements, declined by 15%, as well.

The pullback comes in the wake of the GOP’s reconciliation bill , which erased key portions of the Inflation Reduction Act, a piece of legislation that spurred a tidal wave of manufacturing investments in the United States. Last quarter’s cancellations are second only to Q1 of this year, in which $7 billion worth of investments were cancelled.

The latest projects to get the ax were predominately battery factories, the repo

See Full Page