"Many of the cancellations had been known for months, but the announcement underscored the drastic change in the energy landscape under President Trump."
"The Energy Department said on Thursday that it was in the process of revising or canceling more than $83 billion in loans for clean energy technologies that had been approved under the Biden administration.
The announcement came from the agency’s loan programs office, which played a central role in the Biden administration’s efforts to develop new technologies to fight climate change. Under President Joseph R. Biden Jr., that office finalized or issued conditional commitments for roughly $104 billion in lending for battery factories, transmission lines, hydrogen plants and many other projects.
The Trump administration has sought to reshape the agency and renamed it the Office of Energy Dominance Financing. Last year, the energy secretary, Chris Wright, announced a sweeping review of the office’s loan obligations."
Brad Plumer reports for the New York Times January 22, 2026.
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