An analysis by Politico found that of the 200 clean-energy project locations that have been announced through July, more than 60% are in GOP-held House of Representatives districts. One example: The Italian company Enel is using the tax credits as part of its plan to spend $1 billion on a solar cell and panel manufacturing […]
Around 210 projects worth $86.3 billion in private investment have been announced since the IRA was signed a year ago this week, according to E2, a clean energy business group. More than half of those — 130 projects worth $68.5 billion — are in the battery and EV sector. Companies plan to invest $860 billion globally […]
Since the Inflation Reduction Act passed, 210 major new clean energy projects have been announced, which have the potential to drive up to $86.3 billion in private investment, says E2.
The two other energy projects include an offshore wind terminal in Salem and a solar project in Worcester. The solar project, announced only a few weeks ago, is being built near Holy Cross College, according to E2 data.
E2 reported that Republican districts accounted for 60% of the jobs estimated to be created and 63% of the new investment under IRA. Over 74,000 direct jobs have been created by these manufacturing announcements, according to an E2 report.
More than 40 percent of the new manufacturing announcements made since the IRA was enacted were led by companies based outside the U.S. or by companies outside the U.S. in partnership with a U.S. company, according to data shared with POLITICO by national business group E2. At least six of those announcements were made by, […]
“I just visited some of the electric vehicle, solar panel and battery factories popping up throughout the country, and I can tell you definitively we’re in the middle of an American economic revolution like we haven’t seen in generations, thanks to the Inflation Reduction Act and other policies,” said Bob Keefe, executive director of E2, […]
The majority of new clean energy projects as a result of the Inflation Reduction Act are in GOP districts, according to a Politico analysis based on data from the national business group E2. Mr. Schumer said that was not a concern, so long as Democrats drive their message home. “We did not aim this at blue […]
A new report concludes that federal investment grew clean energy jobs in the last year as more than two-thirds of states clamored to develop projects. Pennsylvania rounds out the top 10 states that offer the most clean energy jobs, according to an analysis from E2 released Monday that examined how the Inflation Reduction Act spurred […]
E2 Executive Director Bob Keefe says there would be trouble if opponents of the IRA found a way to gut funding. “Remember what we’re talking about here, we’re talking about 70-thousand plus jobs,” he said. “These jobs are happening in many places in parts of the country that need jobs more than ever and that […]
The President is expected to highlight clean energy investments that have been made since he signed the Inflation Reduction Act (IRA) one year ago. IRA is a wide-ranging law covering things like prescription drugs and deficit reduction. But during his Milwaukee visit to Ingeteam, Biden is expected to focus on some of the law’s $370 […]
Study after study has concluded that the law has been a tremendous boon for a nascent industry to build electric cars and reach far back into the supply chain to mine, process and assemble their batteries. One of the most recent assessments, released Monday by the business-oriented nonprofit E2, tabulated that in the year since the […]