Lates News

U.S. Energy Secretary Chris Wright announced today the termination of 24 award projects funded by taxpayer dollars through the Office of Clean Energy Demonstrations (OCED). The Department of Energy (DOE) conducted comprehensive, individual financial reviews of each award project and found that they did not meet the energy needs of the American people, were economically unfeasible, and would not provide a positive return on investment for taxpayers. Nearly 70% of the canceled projects (16 out of 24) were signed between election day and January 20. These projects primarily included funding for carbon capture and storage (CCS) and decarbonization programs. By terminating these award projects, the U.S. Department of Energy immediately saved American taxpayers $3.6 billion.