The United States Department of Government Efficiency (DOGE) is preparing to cut around $10 billion from the US Energy Department's (DOE) funding for clean-energy projects, the Wall Street Journal reported on Thursday, citing department memos and current and former officials.
According to the report, the planned cuts will affect the government contracts with major energy companies working on hydrogen, carbon capture, long-duration energy storage, among others, with thousands of DOE jobs expected to be cut, as well. Some of the companies that will have their government contracts terminated include Exxon Mobil Corp., Occidental Petroleum Corp., and NextEra Energy, Inc.
The cuts are reportedly part of DOGE's efforts to reduce government spending. They are said to be targeting two DOE offices, as only 9,000 of around 17,500 DOE positions are considered essential, according to the report.
