News Summary

• More clean tech manufacturing investments were canceled in the U.S. in the second quarter than were announced.
• Companies canceled $5 billion worth of projects, while only $4 billion in new investments was announced.
• The pullback comes in the wake of the GOP’s reconciliation bill, which erased key portions of the Inflation Reduction Act, a piece of legislation that spurred a tidal wave of manufacturing investments in the United States.
• The latest projects to get the ax were predominately battery factories.