Overall, E2, a group representing clean energy business leaders, counts 210 projects announced, which would translate into $86 billion in new investment across 39 states. When combined with the investment from the CHIPS and infrastructure laws, those estimates could go as high as $230 billion. And that’s just private investment. The White House counts about $70 billion in […]
Out of 210 major clean energy manufacturing projects announced since the Inflation Reduction Act was enacted, Republican Congressional districts have captured 72 percent of the 74,181 new jobs and 86 percent of the $86.3 billion in private investment, according to tracking by E2.
The benefits of historic federal clean energy investments passed last year will be felt for decades to come–not only because they are designed to last for a decade or more, but because of long term savings they will bring to residents and businesses.
A recent report from the national business group E2 found 38 states are home to at least one planned major clean energy project, with Georgia and South Carolina currently leading the pack.
Last week, the state legislature overrode Gov. Roy Cooper’s veto of a bill that puts a freeze on some residential building code updates, impacting energy efficiency and structural safety standards of new homes for years to come. “Based on the expert analysis that we’ve seen, the $20,000 estimate was pretty overinflated, and undersold the benefits […]
More than 200 major clean-energy projects and $86 billion in private investments have been announced since the law was signed, most of them manufacturing operations in the electric vehicle, battery and solar industries, according to an analysis by E2, a nonpartisan business group.
Today marks the first anniversary of the Inflation Reduction Act, the landmark climate law that President Biden signed in August 2022. Several striking figures illustrate how the law is invigorating the U.S. economy. Companies have announced at least 210 major new clean-energy projects, according to the business group E2.
Building codes are a vital tool for states to improve energy efficiency and reduce carbon emissions. But in a drastic move, North Carolina state lawmakers have just made it illegal for the state to overhaul its residential building codes until 2031. “Based on independent analysis, adopting these standards is just a win across the board,” Zach Amittay, Southeast advocate […]
North Carolina misses chance for cleaner, more affordable, more resilient residential buildings RALEIGH, NC — The North Carolina General Assembly overrode Governor Cooper’s veto of HB 488 last night, blocking progress toward cleaner, more affordable, more resilient residential buildings in the state for nearly the next decade. The bill effectively freezes the state’s residential building […]
Zach Amittay, Southeast Advocate with E2, a nonpartisan group of business leaders and investors: “This decision from the General Assembly means eight years of stagnation for North Carolina’s progress toward healthier, more affordable housing. Residents of new builds deserve to reap the benefits of more efficient and resilient homes with better air quality and lower […]
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.
These announcements are expected to drive a major boost in new clean energy jobs in the coming years, compared to clean energy employment growth before the IRA. Not including 2020 job losses fueled by COVID-19 shutdowns and ensuing economic crisis, clean energy has averaged an annual increase of 117,000 jobs since 2018. The jobs and investments estimated in the more than 200 announcements would represent a sizable increase in annual employment growth in clean energy and is indicative of a coming wave of job gains on the horizon unequaled in the history of the clean energy sector — presuming normal employment gains based on overall market growth, projects announced and in development before the IRA was signed, and smaller investments and new projects that are unable to be tracked by this analysis. In addition, only 142 of the announcements included a temporary and/or permanent job creation estimate — leaving one-third of new announcements without any employment estimates as of the time of this analysis.
| States | Projects | Est. Jobs | Est. Investment |
| 38 | 210 | 74,181 | $86,320,800,000 |
* 54 of the 208 announcements did not include investment estimates and 68 did not include job estimates.
The data used in this report is limited to information made publicly available by the companies announcing projects and may not be comprehensive of all major projects that began development after August 16, 2022, nor be exclusive of projects that did not publicly disclose specific plans prior to the passage of the IRA. Projects that began development, were proposed, or applied for local and state approval before the passage of the Inflation Reduction Act (IRA) are not included. This analysis also does not include federal investments in which the federal government has provided financial resources for the complete project, lease sales, projects in which an announcement was made but lacked specific geographic information, etc. Details on projects came from news reports on new and related projects, press releases from companies announcing new developments, and government announcements. 156 of the 210 announcements include investment data and 142 of the 210 announcements include job estimates, making this information very conservative. Some announcements did not include specific locations that could be used to identify congressional district information.
For the latest full list of clean energy job announcements tracked by E2, visit https://e2.org/announcements.
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. E2 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 additional insight into E2’s other reports, visit e2.org/reports.