- 362 major projects that will invest $132 billion, hire 116,000 workers have been announced just over two years
- 62% of projects, 71% of jobs, 83% of investments are in GOP districts
WASHINGTON – Companies in December announced nearly $300 million in investments to build three large-scale clean energy projects that are expected to create at least 500 permanent new jobs, according to E2’s monthly tally of clean energy projects announced by the private-sector. December’s announcements bring the total number of new major projects announced by industries to 362 in just over two years since industry tax breaks were passed into law in August 2022.
North Carolina claimed the largest announcement in December, a $193 million investment to build a production facility for high-temperature superconducting wire used in clean energy transmission lines that will employ more than 300 workers, bringing the total clean energy investments announced in the state by private businesses to $21.3 billion since August 2022. A $105 million investment announced in Michigan to build a new manufacturing plant for electric vehicle parts brings the total number of large-scale clean energy projects announced in the state to 34 — the most in the U.S.
Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:
“Clean energy investments continue to reshape America’s industrial economy. The progress made in recent years shows we’re in the midst of an economic revolution not seen in generations – one that is bringing jobs and capital back to places left behind by previous economic transitions, from the shores of the Great Lakes to the rural South.
Through December, more nearly 62 percent of all projects announced—along with 71 percent of all jobs and 83 percent of all investments announced in connection with projects—are in congressional districts represented by Republicans in the 119th Congress. In all, at least 362 major clean energy projects have been announced in 41 states and Puerto Rico since August 2022 according to E2’s analysis. Companies have said they plan to invest more than $132 billion in these projects and hire 116,000 permanent workers. These figures reflect ongoing revisions and updates.
A full map and list of announcements is available at e2.org/announcements/.
Detailed below is a list of December clean energy announcements tracked by E2 along with totals by state, sector, industry type for all projects announced since E2 began tracking in August 2022.
Clean Energy Works December 2024 | projects announced by date
| Date | Company/Org | State | Source | Sector | Type | Jobs | Investment |
| 12/11 | Peak Energy | CO | Link | Battery/Storage | Manufacturing | 20 | |
| 12/13 | Benteler | MI | Link | EV | Manufacturing | 150 | $105,000,000 |
| 12/17 | MetOx International Inc. | NC | Link | Grid, Transmission and Electrification | Manufacturing | 333 | $193,700,000 |
Clean Energy Works | total projects announced by state Aug. 2022-Dec. 2024
| State | Projects Announced | Announced Investments | Announced Jobs |
| Alabama | 9 | $1.6 Billion | 1,511 |
| Arkansas | 2 | $250 Million | 500 |
| Arizona | 12 | $6.7 Billion | 2,402 |
| California | 14 | $1.6 Billion | 610 |
| Colorado | 7 | $480 Million | 2,052 |
| Connecticut | 4 | $24.8 Million | 100 |
| Florida | 3 | $172 Million | 400 |
| Georgia | 33 | $15.4 Billion | 16,703 |
| Iowa | 3 | $17 Million | 102 |
| Illinois | 7 | $2.6 Billion | 2,719 |
| Indiana | 12 | $8.3 Billion | 5,262 |
| Kansas | 3 | $110 Million | 180 |
| Kentucky | 9 | $2.7 Billion | 2,721 |
| Louisiana | 6 | $1.7 Billion | 1,109 |
| Massachusetts | 6 | $45.7 Million | 1,041 |
| Maryland | 4 | $316 Million | 325 |
| Maine | 1 | $6 Million | 200 |
| Michigan | 34 | $12.2 Billion | 12,355 |
| Minnesota | 4 | $155 Million | 700 |
| Missouri | 4 | $674 Million | 450 |
| Mississippi | 3 | $2 Billion | 2,340 |
| North Carolina | 24 | $21.3 Billion | 11,966 |
| Nebraska | 1 | N/A | N/A |
| New Hampshire | 1 | $16.3 Million | N/A |
| New Mexico | 7 | $2.2 Billion | 3,442 |
| Nevada | 7 | $6.6 Billion | 5,250 |
| New York | 13 | $791 Million | 3,079 |
| Ohio | 18 | $7.1 Billion | 4,854 |
| Oklahoma | 7 | $4.3 Billion | 1,810 |
| Oregon | 2 | $43 Million | N/A |
| Pennsylvania | 2 | $116.1 Million | 157 |
| Puerto Rico | 1 | N/A | 800 |
| Rhode Island | 1 | N/A | N/A |
| South Carolina | 29 | $15.5 Billion | 14,087 |
| Tennessee | 19 | $5.4 Billion | 4,921 |
| Texas | 28 | $8 Billion | 10,302 |
| Utah | 3 | $1 Billion | N/A |
| Virginia | 6 | $1.2 Billion | 885 |
| Vermont | 1 | N/A | 12 |
| Wisconsin | 6 | $242 Million | 262 |
| West Virginia | 4 | $1.3 Billion | 850 |
Clean Energy Works | total projects announced by sector Aug. 2022-Dec. 2024
| Sector | Projects | Jobs | Investment |
| Battery/Storage | 81 | 27,765 | $45,788,500,000 |
| Biofuel | 1 | 40 | $0 |
| Energy Efficiency | 1 | 200 | $6,000,000 |
| EV | 164 | 63,659 | $82,525,800,000 |
| Geothermal | 1 | 0 | $0 |
| Grid, Transmission and Electrification | 19 | 2,921 | $2,046,859,000 |
| Hydrogen | 18 | 3,528 | $6,092,800,000 |
| Semiconductor | 2 | 1,970 | $5,375,000,000 |
| Solar | 87 | 29,154 | $15,823,570,000 |
| Wind | 25 | 3,254 | $4,060,500,000 |
*totals will not match overall figures as some projects are categorized into multiple sectors
Clean Energy Works | total projects announced by type Aug. 2022-Dec. 2024
| Type | Projects | Jobs | Investment |
| Generation | 44 | 3,786 | $9,438,370,000 |
| Manufacturing | 295 | 108,631 | $122,019,259,000 |
| R&D | 14 | 1,298 | $510,100,000 |
| Recycling, Repair, and Maintenance | 9 | 880 | $180,800,000 |
Clean Energy Works | total projects announced by congressional district Aug. 2022-Dec. 2024
| Party | Projects | Announced Jobs | Announced Investments |
| Republican | 224 | 83,115 | $109,630,229,000 |
| Democratic | 118 | 28,834 | $19,486,500,000 |
| Unknown | 20 | 4,510 | $3,031,800,000 |
*figures updated to 119th Congress
To speak with E2 staff and our member business leaders in states across the country, please contact Alex Frank—(703) 276-3264, [email protected] or Michael Timberlake—(913) 645-9103, [email protected].
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Additional Resources:
- E2: Clean Jobs America 2024 | Interactive Jobs Map & Full Data Tables
- E2: Clean Economy Works | IRA Two-Year Review
- E2: Clean Economy Works Tracker
- E2: Benefits to Rural America from the Inflation Reduction Act: Driving Jobs, Investment, and Economic Resilience
- E2: Clean Economy Works | An Economic Impact Analysis of Major Clean Energy Projects Announced In Year One of the Inflation Reduction Act
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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.