Gradle project sync cannot determine JDK

Hi!
I'm trying to setup my dev environment on a completely new machine (fresh installment of IntelliJ, JDK, gradle, etc.) but gradle import/sync won't work for some reason in the IDE.

• Windows 10, IntelliJ IU-213.7172.25, JDK 11.0.9, gradle 7.4

2022-05-02 14:24:27,468 [ 160716]   INFO - xecution.GradleExecutionHelper - Passing command-line args to Gradle Tooling API: --init-script C:\Users\me\AppData\Local\Temp\ijmapper.gradle -Didea.sync.active=true -Didea.resolveSourceSetDependencies=true -Porg.gradle.kotlin.dsl.provider.cid=207177288100 -Pkotlin.mpp.enableIntransitiveMetadataConfiguration=true --init-script C:\Users\me\AppData\Local\Temp\ijinit1.gradle 
2022-05-02 14:24:27,473 [ 160721]   INFO - .project.GradleProjectResolver - Gradle project resolve error 
org.gradle.tooling.GradleConnectionException: Could not run phased build action using connection to Gradle installation 'C:\me\gradle-7.4'.
	at org.gradle.tooling.internal.consumer.ExceptionTransformer.transform(ExceptionTransformer.java:55)
	at org.gradle.tooling.internal.consumer.ExceptionTransformer.transform(ExceptionTransformer.java:29)
	at org.gradle.tooling.internal.consumer.ResultHandlerAdapter.onFailure(ResultHandlerAdapter.java:43)
	at org.gradle.tooling.internal.consumer.async.DefaultAsyncConsumerActionExecutor$1$1.run(DefaultAsyncConsumerActionExecutor.java:69)
	at org.gradle.internal.concurrent.ExecutorPolicy$CatchAndRecordFailures.onExecute(ExecutorPolicy.java:64)
	at org.gradle.internal.concurrent.ManagedExecutorImpl$1.run(ManagedExecutorImpl.java:48)
	at java.base/java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1128)
	at java.base/java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:628)
	at org.gradle.internal.concurrent.ThreadFactoryImpl$ManagedThreadRunnable.run(ThreadFactoryImpl.java:56)
	at java.base/java.lang.Thread.run(Thread.java:829)
Caused by: org.gradle.api.GradleException: Unable to determine version for JDK located at C:\me\jdk-11.0.9. Reason: Command returned unexpected result code: 1
Error output:

	at org.gradle.internal.jvm.inspection.DefaultJvmVersionDetector.validate(DefaultJvmVersionDetector.java:59)
	at org.gradle.internal.jvm.inspection.DefaultJvmVersionDetector.getVersionFromJavaHome(DefaultJvmVersionDetector.java:52)
	at org.gradle.internal.jvm.inspection.DefaultJvmVersionDetector.getJavaVersion(DefaultJvmVersionDetector.java:37)
	at org.gradle.tooling.internal.provider.ProviderConnection.initParams(ProviderConnection.java:320)
	at org.gradle.tooling.internal.provider.ProviderConnection.runPhasedAction(ProviderConnection.java:177)
	at org.gradle.tooling.internal.provider.DefaultConnection.run(DefaultConnection.java:245)
	at org.gradle.tooling.internal.consumer.connection.PhasedActionAwareConsumerConnection.run(PhasedActionAwareConsumerConnection.java:56)
	at org.gradle.tooling.internal.consumer.connection.ParameterValidatingConsumerConnection.run(ParameterValidatingConsumerConnection.java:62)
	at org.gradle.tooling.internal.consumer.DefaultPhasedBuildActionExecuter$1.run(DefaultPhasedBuildActionExecuter.java:78)
	at org.gradle.tooling.internal.consumer.DefaultPhasedBuildActionExecuter$1.run(DefaultPhasedBuildActionExecuter.java:70)
	at org.gradle.tooling.internal.consumer.connection.LazyConsumerActionExecutor.run(LazyConsumerActionExecutor.java:143)
	at org.gradle.tooling.internal.consumer.connection.CancellableConsumerActionExecutor.run(CancellableConsumerActionExecutor.java:45)
	at org.gradle.tooling.internal.consumer.connection.ProgressLoggingConsumerActionExecutor.run(ProgressLoggingConsumerActionExecutor.java:61)
	at org.gradle.tooling.internal.consumer.connection.RethrowingErrorsConsumerActionExecutor.run(RethrowingErrorsConsumerActionExecutor.java:38)
	at org.gradle.tooling.internal.consumer.async.DefaultAsyncConsumerActionExecutor$1$1.run(DefaultAsyncConsumerActionExecutor.java:67)
	... 6 more
2022-05-02 14:24:27,477 [ 160725]   INFO - s.plugins.gradle.GradleManager - Instructing gradle to use java from c:\me\jdk-11.0.9 
2022-05-02 14:24:27,486 [ 160734]   INFO - System.util.ExternalSystemUtil - External project [C:/me/somenew] resolution task executed in 118 ms. 
2022-05-02 14:24:27,840 [ 161088]   INFO - ge.ExternalProjectsDataStorage - Save external projects data in 5 ms 
2022-05-02 14:24:29,304 [ 162552]   INFO - rationStore.ComponentStoreImpl - Saving Project(name=somenew, containerState=COMPONENT_CREATED, componentStore=C:\me\somenew)RunManager took 16 ms 
2022-05-02 14:26:56,907 [ 310155]   INFO - il.indexing.FileBasedIndexImpl - Health check heartbeat 

And this is what I see in IntelliJ:

It occurs with even a minimal newly created gradle project, but gradle build from command line works without issue.

This is what I have tried and have done so far trying to resolve it:

• checked JDK and gradle settings and paths in the IDE
• reinstalled JDK (different versions, and on different path)
• reinstalled IntelliJ Ultimate (2022.1 and 2021.3.3)
• checked JAVA_HOME, GRADLE_HOME, Path environment variables
• invalidated IDE caches

I'm not sure what else I am missng.