US manufacturing investment stumbles as clean tech cancellations pile up | TechCrunch

News Source : TechCrunch
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.
- The latest projects to get the ax were predominately battery factories, the report said.
More clean tech manufacturing investments were canceled in the U.S. in the second quarter than were announced, according to a new study from the Rhodium Group and MIT. Companies canceled $5 billion w [+1923 chars]