Projects represent at least 9500 new jobs, $13 billion invested across 18 states
WASHINGTON – U.S. businesses announced funding and plans for 28 new large-scale clean energy projects and plant expansions across 18 states in March, according to a new monthly analysis from the national nonpartisan business group E2 (Environmental Entrepreneurs). Based on publicly available information, the 28 announcements represent at least 9,500 new jobs and $13.1 billion in new investments*. Since the Inflation Reduction Act (IRA) passed last August, E2 has tracked 155 new projects announced across 33 states that will add at least $75 billion and create more than 58,000 jobs. A full list of the projects is available below.
The Southeast continued to dominate new projects in March, accounting for 12 of the 28 projects announced. South Carolina led all states with four projects, bringing the state’s total of new clean energy projects since IRA was signed into law to 15. The four projects also account for more than half of the jobs projected to be created by all 28 announcements in March (5,000) and are expected to bring more than $3.6 billion in investments to the heart of South Carolina.
The following is a statement from Michael Timberlake Purohit, director of communications for E2:
“A strong clean energy economy supports a strong U.S. economy, and the quicker U.S. clean energy companies can get to work building the technology hubs and manufacturing plants of the future the more American workers will benefit.”
In addition to South Carolina, the announced projects cover every region of the U.S., with Arizona home to three followed by four states (Kentucky, Michigan, Ohio, and Texas) with two. Electric vehicles and battery manufacturing accounted for more than half of all projects (16) followed by solar manufacturing (3) and wind manufacturing (3).
*Majority of the projects do not have investment, job, or generation estimates as of this analysis. .
Detailed below is a list of clean energy announcements tracked by E2 in March. To receive the monthly Clean Economy Works newsletter, sign-up for email updates from e2.org/sign-up/. A full list of announcements since IRA is available at e2.org/clean-energy-announcements/.
Clean Energy Works Jan. 2023 | projects announced by date
| DATE | COMPANY/ORG | STATE | ANNOUNCEMENT | SECTOR | DETAILS |
|---|---|---|---|---|---|
| 3/2 | Green Giant Energy | TX | Link | Battery/Storage | $6M |
| 3/3 | Scout Motors | SC | Link | EV | 4000 jobs $2B 200K EV/Y |
| 3/3 | Equinor Wind | NY | Link | Charging/Grid | $215M |
| 3/6 | Amprius Technologies | CO | Link | Battery/Storage | 332 Jobs $190M 500 MWh |
| 3/7 | PHA | GA | Link | EV | 402 Jobs $67M |
| 3/7 | Apex Clean Energy | OK | Link | Wind Gen. | $1.45B 1200 MW |
| 3/8 | Shyft Group | MI | Link | EV | $16M 3000 EV/Yr |
| 3/8 | EvolOH | MA | Link | Fuel-Cells/Hydrogen | 3.75 GW/Y |
| 3/9 | Bullrock Renewables | VT | Link | Solar Gen. | 12 Jobs 3.3 MW |
| 3/9 | Illuminate USA & Invenergy | OH | Link | Solar Mfg. | 1000 Jobs $600M 5 GW/Y |
| 3/10 | Siemens | KS | Link | Wind Mfg. | |
| 3/12 | Gulf Wind Technology & Shell | LA | Link | Wind Gen. | 30 Jobs $10M |
| 3/13 | Hounen Solar | SC | Link | Solar Mfg. | 200 Jobs $33M 1 GW |
| 3/14 | Arcosa | NM | Link | Wind Mfg. | 250 Jobs $55M |
| 3/16 | Foxconn | OH | Link | EV Battery/Storage Mfg. |
|
| 3/16 | Foxconn | WI | Link | EV Battery/Storage Mfg. |
|
| 3/16 | HydrogenPro | TX | Link | Fuel-Cells/Hydrogen | 500 MW |
| 3/20 | Entek | IN | Link | EV Battery/Storage Mfg. |
642 Jobs $1.5B |
| 3/22 | Cirba Solutions | SC | Link | EV Battery/Storage Mfg. |
300 Jobs $300M |
| 3/22 | Albemarle Corporation | SC | Link | EV Battery/Storage Mfg. |
300 Jobs $1.3B 50K MT/Y |
| 3/22 | Hanwha Advanced Materials Georgia, Inc | GA | Link | Solar Mfg. | 160 Jobs $147 Million |
| 3/23 | Flender Corporation | IL | Link | Wind Mfg. | 50 Jobs |
| 3/23 | LG Energy Solution | AZ | Link | EV | $1.80 |
| 3/23 | LG Energy Solution | AZ | Link | EV Battery/Storage Mfg. |
$2.3B |
| 3/24 | EnerVenue | KY | Link | Battery/Storage Mfg. | 450 Jobs $264M |
| 3/28 | EVelution Energy | AZ | Link | EV Battery/Storage Mfg. Solar Gen. |
360 Jobs $200M |
| 3/30 | Microvast | KY | Link | EV Battery/Storage Mfg. |
563 Jobs $500M |
| 3/30 | Magna | MI | Link | EV | 500 Jobs $100M |
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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.