Department of Energy Cancels $7.5 Billion in Project Funding

The U.S. Department of Energy (DOE) said on Oct. 2 that it had terminated 321 federal grants funding 223 projects, amounting to about $7.56 billion in cuts.
Under the leadership of Energy Secretary Chris Wright, the department conducted a review of its federal grants to identify project plans that are “not economically viable” and do “not adequately advance the nation’s energy needs,” the DOE said in a statement.
About 84 grants were found to have been rushed through during the final months of the Biden administration following Election Day in November 2024, Wright said, adding that they were set apart by “inadequate documentation by any reasonable business standard.”…