Mr. Trump is trying to revive coal, the dirtiest fossil fuel. At the White House, coal executives awarded him a trophy as the βUndisputed Champion of Beautiful Clean Coal.β
Federal agencies are delaying approvals for renewable energy projects on both federal land and private property at a time when electricity demand is going up.
Many of the cancellations had been known for months, but the announcement underscored the drastic change in the energy landscape under President Trump.
The Energy Department canceled a partial loan guarantee to Sunnova Energy, a residential solar panel installer that was experimenting with a novel way to link home solar and battery systems.
A coal-fired power plant near Emmett, Kan. Demand for power has started surging in recent years amid a boom in data centers, an upswing of domestic manufacturing and the spread of electric vehicles.
The cuts were part of a larger effort by the Energy Department to cancel spending for projects like hydrogen fuel hubs, electrical grid upgrades and efforts to reduce methane leaks.
Trump Media plans to merge with a company developing nuclear fusion technology, putting the presidentβs financial interests in competition with other energy companies over which his administration holds sway.