An analysis by Clean Economy Works paints a turbulent picture for the US clean energy landscape in 2025. Despite widespread volatility, companies still announced $12.3 billion in new clean energy investments, signaling continued commitment even amid uncertainty. And December brought several notable wins, including new battery and solar manufacturing projects in Kentucky and Texas.

However, the industry did see dramatic reversals, with $34.8 billion in clean energy investments abandoned at nearly three dollars lost for every one dollar announced. Job impacts followed the same trend due to project reversals and closures: more than 38,000 clean energy jobs were eliminated, marking the largest annual setback since tracking began. The manufacturing sector accounted for the largest share of canceled investment and job losses.

Clean energy setbacks in 2025 were concentrated in a handful of states that had previously been national leaders in manufacturing growth. Michigan was hit hardest, with 14 projects canceled or downsized, wiping out $7.7 billion in investment and nearly 9,800 jobs. Illinois, Georgia, New York, and Arizona also saw significant losses.

Overall, the report reveals an industry at a crossroads. Momentum hasn’t disappeared, but stability is now the defining challenge.

Read more: E2.org