DOE Scraps 321 Energy Projects Worth $7.56B

SECAUCUS, NJ (DTN) – The U.S. Department of Energy announced Thursday (10/2) it has canceled 321 financial awards for 223 energy projects that it says will save American taxpayers approximately $7.56 billion.

“Following a thorough, individualized financial review, DOE determined that these projects did not adequately advance the nation’s energy needs, were not economically viable, and would not provide a positive return on investment of taxpayer dollars,” the department said in a news release on its website.

The terminated awards were issued by a range of offices, including the Offices of Clean Energy Demonstrations (OCED), Energy Efficiency and Renewable Energy (EERE), Grid Deployment (GDO), Manufacturing and Energy Supply Chains (MESC), Advanced Research Projects Agency-Energy (ARPA-E) and Fossil Energy (FE), the DOE said.

Recipients of the terminated awards have 30 days to appeal the decision, and some have already begun the process, the DOE said.