Friday, September 22, 2023
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.Read the Full Report
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 Analysis
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.
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.
Jon is co-founder of CleanCapital, a privately held investment platform that originates and manages the operation of clean energy projects across the country. CleanCapital has acquired more than $500 million…
Jon Powers - Buffalo, N.Y.