25 September 2025
The U.S. Department of Energy announced Wednesday it plans to cancel more than $13 billion in subsidies pledged under the Biden administration to support wind, solar, battery storage, and electric vehicles. Officials framed the move as a return of taxpayer dollars, saying it reflects the Trump administration’s focus on “affordable, reliable, and secure” domestic energy production.
The decision drew immediate criticism, most notably from California Governor Gavin Newsom, who warned the U.S. was ceding clean energy leadership to China. “President Xi … I think he’s going to give Trump a bear hug when he arrives,” Newsom quipped at a climate event.
The announcement came just a day after President Trump dismissed climate change at the United Nations as “the greatest con job,” while touting record oil and gas production. Energy Secretary Chris Wright defended the cuts, arguing climate spending has produced “very little positive impact.”
The rollback comes despite data showing U.S. clean energy jobs grew three times faster than the broader workforce in 2024. Critics warn the funding cuts could stall this momentum and weaken U.S. competitiveness in renewable technologies.
The $13 billion rescission is significant not just for its immediate scale but for the signal it sends to project developers, manufacturers and their financiers about the reliability of federal clean-energy commitments. Cancellations of committed grants create real cash-flow gaps for projects in development and undermine investment cases that were built on the assumption of stable federal support.
The tension between federal rollback and continued underlying market fundamentals - solar-plus-storage supplying 82 percent of new capacity, clean-energy jobs growing three times faster than the broader workforce - reflects a persistent US pattern of state and market forces continuing to drive transition even where federal policy shifts against it. But the drag on pace, cost and international competitiveness is real, particularly against Chinese manufacturing and deployment scale.
For US-focused clean-energy developers, manufacturers, investors and their international competitors, Cognitud's market intelligence, responsible investment and climate action teams help clients build scenario-based strategy across federal-policy trajectories, structure portfolios that reflect the resilience of state-level economics, and prepare disclosures that translate a volatile US policy environment into decision-useful risk narratives for lenders and capital providers.
• 𝘋𝘶𝘣𝘢𝘪 𝘗𝘰𝘭𝘪𝘤𝘦 𝘩𝘢𝘴 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘥 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘱𝘩𝘢𝘴𝘦 𝘰𝘧 𝘢 𝘴𝘰𝘭𝘢𝘳 𝘦𝘯𝘦𝘳𝘨𝘺 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘢𝘤𝘳𝘰𝘴𝘴 28 𝘱𝘰𝘭𝘪𝘤𝘦 𝘴𝘪𝘵𝘦𝘴. • 𝘛𝘩𝘦 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘪𝘴 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘥 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦 𝘢𝘯𝘯𝘶𝘢𝘭 𝘤𝘢𝘳𝘣𝘰𝘯 𝘦𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘴 𝘣𝘺 26,000 𝘵𝘰𝘯𝘯𝘦𝘴. • 𝘛𝘩𝘦 𝘳𝘦𝘥𝘶𝘤𝘵𝘪𝘰𝘯 𝘦𝘲𝘶𝘢𝘵𝘦𝘴 𝘵𝘰…
• 𝘚𝘪𝘯𝘨𝘢𝘱𝘰𝘳𝘦 𝘩𝘢𝘴 𝘪𝘯𝘵𝘳𝘰𝘥𝘶𝘤𝘦𝘥 𝘢 𝘱𝘳𝘰𝘱𝘰𝘴𝘦𝘥 𝘋𝘪𝘨𝘪𝘵𝘢𝘭 𝘐𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦 𝘉𝘪𝘭𝘭 𝘢𝘪𝘮𝘦𝘥 𝘢𝘵 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘺, 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘢𝘯𝘥 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘢𝘭 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘥𝘢𝘵𝘢 𝘤𝘦𝘯𝘵𝘳𝘦𝘴 𝘢𝘯𝘥 𝘤𝘭𝘰𝘶𝘥 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴. • 𝘛𝘩𝘦 𝘉𝘪𝘭𝘭 𝘸𝘰𝘶𝘭𝘥…
• 𝘌𝘶𝘳𝘰𝘱𝘦’𝘴 𝘭𝘢𝘳𝘨𝘦𝘴𝘵 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭 𝘤𝘢𝘳𝘣𝘰𝘯 𝘤𝘢𝘱𝘵𝘶𝘳𝘦 𝘧𝘢𝘤𝘪𝘭𝘪𝘵𝘺 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘪𝘯𝘢𝘶𝘨𝘶𝘳𝘢𝘵𝘦𝘥 𝘢𝘵 𝘠𝘢𝘳𝘢’𝘴 𝘢𝘮𝘮𝘰𝘯𝘪𝘢 𝘢𝘯𝘥 𝘧𝘦𝘳𝘵𝘪𝘭𝘪𝘴𝘦𝘳 𝘱𝘭𝘢𝘯𝘵 𝘪𝘯 𝘚𝘭𝘶𝘪𝘴𝘬𝘪𝘭, 𝘵𝘩𝘦 𝘕𝘦𝘵𝘩𝘦𝘳𝘭𝘢𝘯𝘥𝘴. • 𝘛𝘩𝘦 𝘧𝘢𝘤𝘪𝘭𝘪𝘵𝘺 𝘤𝘢𝘯 𝘤𝘢𝘱𝘵𝘶𝘳𝘦 𝘢𝘯𝘥 𝘭𝘪𝘲𝘶𝘦𝘧𝘺 𝘶𝘱 𝘵𝘰 800,000 𝘵𝘰𝘯…