Core Insights - The U.S. Department of Energy announced the termination of 24 grants awarded by the Office of Clean Energy Demonstrations (OCED), totaling over $3.7 billion [1] - Nearly 70% of the terminated grants (16 out of 24 projects) were signed between the date of the 2024 U.S. presidential election and January 20 of this year [1] - The projects primarily focused on funding for carbon capture and storage (CCS) and decarbonization initiatives, with the termination expected to save American taxpayers $3.6 billion immediately [1]