Clean Energy Races to Add $3B in Projects Before July Deadline

Clean energy companies are racing against the clock, announcing 14 new projects worth nearly $3 billion that will create 7,500 jobs and add almost 1 gigawatt of new power capacity. The flurry of activity comes as businesses rush to begin construction before federal clean energy tax credits phase out on July 4.

The 82 projects announced so far in 2026 have already surpassed last year's total for jobs, investments, and new capacity, according to E2's Clean Economy Works analysis. Companies are working overtime to lock in benefits before the deadline hits.

But the news isn't all sunny. Project cancellations have accelerated sharply, with nine more projects worth $4 billion scrapped in recent weeks. Since the start of 2025, companies have canceled nearly 10 gigawatts of new capacity, 52,000 jobs, and $18 billion in investments.

That's more than the combined total of all canceled projects in 2022 and 2023. Since 2025, companies have canceled almost twice as much investment as they've announced, resulting in 136,000 lost jobs compared to 100,000 announced positions.

The contrast with previous years is stark. Between 2022 and 2024, companies announced more than 1,000 manufacturing and utility-scale projects nationwide. Since the start of 2025, fewer than 200 new projects have been announced.

"The clean energy industry still sees enormous demand for new electricity generation, manufacturing, and grid infrastructure," says Michael Timberlake, E2 Communications Director. "What we're seeing is not a lack of demand. It's growing policy obstacles and uncertainty making it harder for businesses to complete projects."

The Ripple Effect

Every canceled project means less cheap, clean electricity flowing to homes and businesses at a time when energy prices and demand are soaring. The lost manufacturing facilities represent thousands of jobs that won't materialize in communities counting on that economic growth.

But the recent surge in announcements shows companies remain committed to clean energy when policy conditions support it. The race to meet the July 4 deadline proves businesses are ready to invest when they have clear rules and support.

Since 2022, more than 1,200 generation and manufacturing projects worth nearly $400 billion have been announced across the country. That massive pipeline shows the potential when companies have certainty about the path forward.

The coming months will reveal whether this pre-deadline rush marks a last gasp or signals renewed momentum for clean energy investment across America.