For three years, roughly $1 billion in new clean energy manufacturing projects were announced each month across the country. In January 2025, that collapsed to $175 million. By the end of Q1, $7.7 billion in projects had been canceled outright.
Coweta County, Georgia, lost Freyr Battery's $2.57 billion factory and its promised 723 jobs. Buckeye, Arizona, watched Kore Power shelve a $1.25 billion plant meant for 3,000 workers. Both sites are now listed for sale. The communities had rezoned land, structured incentive packages, and planned around an industrial base that evaporated before a single battery cell rolled off a line.
By year's end, the wreckage reached $34.8 billion in canceled or downsized projects nationwide, eliminating over 38,000 expected jobs.