Report: New investments continue as policy changes slow U.S. clean energy manufacturing

U.S. companies announced nearly $8 billion in clean energy manufacturing investments during the second quarter of 2026, showing private-sector demand remains strong even as recent federal policy changes slow the sector's growth. A new report released today by Environmental Defense Fund and Atlas Public Policy, The State of Clean Energy Manufacturing in Q2 2026, finds those policy changes have contributed to nearly $40 billion in canceled investments and the cancellation of over 53,000 announced manufacturing jobs since the beginning of 2025.

Released as the nation marks the fourth anniversary of the Inflation Reduction Act, the single largest investment in climate and energy in American history, the report underscores both the law's success in attracting private investment and the threat recent policy changes pose to that momentum.

"Four years after the Inflation Reduction Act helped launch a clean energy manufacturing boom, this report shows that companies see what the Trump administration refuses to acknowledge: clean energy technologies are cost-competitive and here to stay," said Grace Hauser, Technical Analyst, Clean Power at Environmental Defense Fund. "Federal policies that provide long-term certainty can keep that momentum going, but recent policy changes are putting America's manufacturing competitiveness at risk."

In Q2, companies announced $7.9 billion in new manufacturing investments while canceling $2.9 billion in previously announced projects, resulting in $5 billion in net new investment. Solar manufacturing, transmission, and grid equipment drove the quarter's growth, led by Convalt Energy's planned $5 billion solar manufacturing campus in New Mexico, the largest clean energy manufacturing investment announced since the start of the current administration.

But large-scale investment announcements have become far less frequent. Convalt's project is only the third clean energy manufacturing investment of more than $1 billion announced in the past 18 months. In the previous 18-month period, from July 2023 through December 2024, companies announced 24 projects exceeding $1 billion.

Among the report's key findings:

• Companies announced nearly 5,900 new manufacturing jobs in Q2 2026, while 2,800 previously announced jobs were canceled, primarily in electric vehicle, hydrogen electrolyzer and solar manufacturing.
• Since the beginning of 2025, companies have canceled $39.6 billion in planned clean energy manufacturing investments and 53,400 announced manufacturing jobs.
• Since 2000, companies have announced $244.8 billion in clean energy manufacturing investments and 331,900 manufacturing jobs, with more than 760 facilities operating or under construction nationwide.
• Since 2000, more than 70% of announced clean energy manufacturing investment has occurred in congressional districts currently represented by Republicans, underscoring the broad economic benefits of domestic clean energy manufacturing.

The analysis tracks publicly announced investments, cancellations and manufacturing jobs across the clean energy sector using data from Atlas Public Policy's Clean Economy Tracker. Additional reports and analysis from the clean energy manufacturing series are available at https://www.edf.org/state-us-clean-energy.

Read the full report: The State of Clean Energy Manufacturing in Q2 2026