FREYR battery factory Georgia. Rendering: FREYR
The Trump administration’s rollback of clean energy policies has now cost the US nearly 470,000 jobs and $68 billion in private investment, according to a new report released today.
The US renewables sector is growing faster than fossil fuels, but a new report reveals the scale of growth it would be at if it weren’t for obstructive federal policy from the Trump administration. The report, published by nonpartisan business group E2 and based on analysis by BW Research, examined 216 large-scale clean energy manufacturing and power projects that have been canceled, closed, or scaled back since January 2025.
According to E2’s report, the projects would have added more than $90 billion to US GDP during construction and an additional $55 billion each year once they were online.
The lost investment is substantial as well. E2 estimates that $68.2 billion in private capital investment has been scrapped, along with another $48.4 billion in annual operational spending that would have continued flowing through local economies. Workers also miss out: The projects would have generated an estimated $53 billion in construction wages and another $31 billion in annual wages after opening.
