Companies announced 4 new projects in April, $2 billion in investments
More than 100,000 manufacturing jobs have been announced by companies since the Inflation Reduction Act (IRA) was signed into law after companies announced four new large-scale clean energy projects in April that are expected to hire nearly 1,500 manufacturing workers, according to the monthly tally of private-sector announcements from E2. The new projects are estimated to invest over $2 billion and bring the total number of projects announced since the IRA to 305.
Following is a statement from MICHAEL TIMBERLAKE, E2 communications director:
“America’s manufacturing sector is surging again, thanks to the clean energy transition. In the wake of IRA incentives and investments, clean energy manufacturing passed an historic marker last month. These are permanent, good-paying jobs that will benefit hundreds of communities in Red states and Blue states across the country.”
Among the projects announced in April was a $1.4 billion investment by Toyota to build a three-row electric SUV at its Princeton facility in Indiana and a $294 million investment by Boviet Solar to build its first solar manufacturing plant in North America in North Carolina that will employ over 900 workers.
In all, at least 305 major clean energy projects have been announced in 40 states and Puerto Rico since the IRA passed, according to E2’s analysis. Companies have also announced at least 105,454 new jobs and over $123 billion in capital investment for these projects. These figures reflect ongoing revisions to previous months’ announcement totals.
A full map and list of announcements is available at e2.org/announcements/.
April Highlights
- Manufacturing projects accounted for all four announcements.
- Indiana received the largest investment in April ($1.4 billion), and now ranks fifth for the most investment dollars announced for new clean energy projects with $7.8 billion.
- The solar energy sector received the most announcements with two.
- Two projects will be located in congressional districts held by Republicans and the two in Democratic-controlled districts.
Detailed below is a list of clean energy announcements tracked by E2 in April along with totals by state, sector, industry type, and congressional district for all projects announced since E2 began tracking in August 2022.
Clean Energy Works April 2024 | projects announced by date
| Date | Company/Org | State | Source | Sector | Type | Jobs | Investment |
| 4/15 | OMCO Solar | AL | Link | Solar | Manufacturing | 70 | $10,000,000 |
| 4/19 | Topsoe | VA | Link | Hydrogen | Manufacturing | 150 | $400,000,000 |
| 4/26 | Boviet Solar | NC | Link | Solar | Manufacturing | 908 | $294,000,000 |
| 4/25 | Toyota | IN | Link | EV | Manufacturing | 340 | $1,400,000,000 |
Clean Energy Works | total projects announced by state Aug. 2022-April 2024
| State | Projects | Jobs | Investments |
| Alabama | 7 | 1,420 | $1,613,000,000 |
| Arkansas | 2 | 500 | $250,000,000 |
| Arizona | 9 | 2,330 | $5,901,000,000 |
| California | 13 | 160 | $1,600,000,000 |
| Colorado | 7 | 2,382 | $880,000,000 |
| Connecticut | 4 | 100 | $24,800,000 |
| Florida | 2 | 250 | $72,000,000 |
| Georgia | 27 | 15,481 | $15,086,500,000 |
| Iowa | 2 | 0 | N/A |
| Illinois | 7 | 2,719 | $2,563,500,000 |
| Indiana | 11 | 4,562 | $7,816,000,000 |
| Kansas | 3 | 180 | $110,000,000 |
| Kentucky | 8 | 1,149 | $1,958,400,000 |
| Louisiana | 5 | 1,039 | $1,713,500,000 |
| Massachusetts | 6 | 1,041 | $45,700,000 |
| Maryland | 2 | 205 | $14,000,000 |
| Maine | 1 | 200 | $6,000,000 |
| Michigan | 29 | 12,170 | $11,686,700,000 |
| Minnesota | 4 | 700 | $155,000,000 |
| Missouri | 2 | 300 | $100,000,000 |
| Mississippi | 3 | 2,340 | $2,015,000,000 |
| North Carolina | 19 | 9,776 | $19,524,459,000 |
| Nebraska | 1 | 0 | N/A |
| New Hampshire | 1 | 0 | $16,300,000 |
| New Mexico | 6 | 2,542 | $1,243,000,000 |
| Nevada | 6 | 5,250 | $6,600,000,000 |
| New York | 12 | 2,799 | $785,000,000 |
| Ohio | 18 | 4,854 | $7,073,800,000 |
| Oklahoma | 6 | 1,490 | $3,650,000,000 |
| Oregon | 1 | 0 | N/A |
| Pennsylvania | 2 | 157 | $116,100,000 |
| Puerto Rico | 1 | 800 | N/A |
| Rhode Island | 1 | 0 | N/A |
| South Carolina | 24 | 13,589 | $14,396,900,000 |
| Tennessee | 15 | 4,735 | $5,283,700,000 |
| Texas | 21 | 8,811 | $7,769,000,000 |
| Utah | 2 | 0 | $1,000,000,000 |
| Virginia | 4 | 299 | $445,500,000 |
| Vermont | 1 | 12 | N/A |
| Wisconsin | 6 | 262 | $242,000,000 |
| West Virginia | 4 | 850 | $1,335,000,000 |
Clean Energy Works | total projects announced by technology sector Aug. 2022-April 2024
| Sector | Projects | Jobs | Investment |
| Battery/Storage | 68 | 23,946 | $41,370,400,000 |
| Biofuel | 1 | 40 | $0 |
| Energy Efficiency | 1 | 200 | $6,000,000 |
| EV | 142 | 61,123 | $81,227,700,000 |
| Geothermal | 1 | 0 | $0 |
| Grid, Transmission and Electrification | 16 | 2,348 | $1,809,859,000 |
| Hydrogen | 17 | 3,488 | $5,542,800,000 |
| Semiconductor | 2 | 1,970 | $5,375,000,000 |
| Solar | 69 | 25,157 | $13,823,000,000 |
| Wind | 20 | 2,694 | $2,952,500,000 |
*totals will not match overall figures as some projects are categorized into multiple sectors
Clean Energy Works | total projects announced by industry type Aug. 2022-April 2024
| Type | Projects | Jobs | Investment |
| Generation | 37 | 3,744 | $8,615,000,000 |
| Manufacturing | 254 | 100,950 | $112,081,359,000 |
| R&D | 10 | 610 | $453,000,000 |
| Recycling | 4 | 150 | $71,000,000 |
Clean Energy Works | total projects announced by congressional district Aug. 2022-April 2024
| Party | Projects | Announced Jobs | Announced Investments |
| Republican | 171 | 71,761 | $105,179,100,000 |
| Democratic | 97 | 25,026 | $15,362,800,000 |
| Unknown | 37 | 7,630 | $2,549,959,000 |
Additional Resources:
- E2: Clean Economy Works Tracker
- E2: Benefits to Rural America from the Inflation Reduction Act: Driving Jobs, Investment, and Economic Resilience
- E2: Clean Jobs America 2023 | Interactive Jobs Map & Full Data Tables
- E2: Clean Economy Works | An Economic Impact Analysis of Major Clean Energy Projects Announced In Year One of the Inflation Reduction Act
- E2: Clean Economy Works | IRA One-Year Review
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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.