Press Coverage
Has the Biden administration invested more in clean energy in red states than blue states?
Wednesday, August 30, 2023
Good for the Economy. Good for the Environment.
E2 is a national, nonpartisan group of business leaders, investors and others who advocate for smart policies that are good for the economy and good for the environment.
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Clean Economy Works: IRA One-Year Review
One year after the Inflation Reduction Act (IRA) was signed into law on August 16, 2022, private industry has announced at least 210 major new clean energy and clean vehicle projects across the country, according to E2’s findings. Based on publicly available information from 178 of the 210 announcements that included new jobs and/or investment estimates, if completed the projects would create at minimum 74,181 new jobs and bring in $86.3 billion in private investments.
Automakers and their suppliers are building or expanding 115 electric vehicle or battery plants and related factories in 21 states throughout the country. Solar panel and equipment manufacturers that previously avoided building in America due to high costs and policy uncertainties are now building or expanding nearly 30 factories in 18 states. Electric grid and transmission projects that were stalled for decades are getting restarted. Renewable energy operators are planning more than a dozen new large-scale wind and solar generation projects while at least six new large-scale long-duration energy projects are in development. And companies pioneering new, promising sources of clean energy– from offshore wind to hydrogen to clean steel to next-generation battery technologies – have announced dozens of new projects.
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16 Major New Clean Energy Projects Announced in July
Businesses announced plans for at least 16 new large-scale clean energy projects in 10 states in July, according to E2’s monthly analysis of new clean energy and clean transportation projects. Based on publicly available information from 14 of the 16 announcements that included new jobs and/or investment estimates, the projects would create nearly 3,600 jobs and bring about $2.2 billion in new private investment.
Read Our Full AnalysisPress Coverage
Has the Biden administration invested more in clean energy in red states than blue states?
Wednesday, August 30, 2023
About E2
Since its inception, E2 has been recognized as a leader in advocation for policies that protect the environment while building economic prosperity. Our members use their collective voice to make the business and industry case for strong state and federal policies that address pressing environmental problems.
The Inflation Reduction Act is Working. So is America.
By now, there’s a good chance the nation’s most important climate and clean energy policy is already creating jobs and driving economic growth in your state.
And maybe in ways you might not expect.
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Garvin co-founded long-only Green Alpha Advisors in 2007 and currently serves as its chief investment officer. The firm has about $200 million in assets under management (as of summer 2019),…
Garvin Jabusch - Boulder, Colo.
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E2’s nine chapters give members the opportunity to engage on state and regional policy efforts; network with like-minded business people at regular chapter events; and engage directly with experts, elected officials and others.
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