The US Department of Energy is considering canceling over US$500 million in federal grants awarded to more than a dozen startups and major automakers, according to an internal document.

The proposed cuts would impact contracts awarded under the Bipartisan Infrastructure Law and come after an earlier announcement to cut over US$7.5 billion in grants.

Companies potentially affected include Ford, General Motors, Stellantis, Daimler Trucks North America, Harley-Davidson, Mercedes-Benz Vans, and Volvo Technology of America.

General Motors could see at least US$500 million in grants withdrawn that were intended for retooling its Lansing Grand River Assembly Plant in Michigan for EV and hybrid production.

Startups Brimstone and Anovion are each at risk of losing awards over US$100 million for projects in low-carbon cement and domestic synthetic graphite production, respectively.

Other impacted startups include Li Industries, Sublime Systems, Furno, CleanFiber, Hempitecture, Skyven Technologies, Luxwall, and TS Conductor.

🔗 Source: TechCrunch