WASHINGTON – Companies in September announced more than $1 billion in investments to build seven new large-scale clean energy projects that are expected to create at least 910 permanent new jobs across five states, according to E2’s monthly tally of private-sector projects made possible by the Inflation Reduction Act (IRA). The September announcements bring the total number of new major projects announced by businesses across the renewable energy, battery storage, transmission and grid, electric vehicle and other clean energy industries to 348 since the IRA was signed into law in August 2022.
Michigan increased its lead over the rest of the U.S. for the most total projects since the IRA, accounting for three of the seven new projects, while Georgia became the second state to reach 30 major projects.
Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:
“Home to one in five new large-scale clean energy projects announced the last two years, businesses and workers in Michigan and Georgia are reaping the economic benefits of the Inflation Reduction Act like no other state.”
Among the projects announced were major investments in Michigan by automaker Stellantis, which plans to build the first battery electric RAM 1500 light duty truck in Sterling Heights. In Indiana, IRH Manufacturing announced a $500 million solar cell manufacturing facility, and in Georgia, Shinsung Petrochemical announced a new factory to supply Hyundai’s massive electric vehicle plant, becoming the 18th supplier to open new operations near the plant.
In all, at least 348 major clean energy projects have been announced in 40 states and Puerto Rico since the IRA became law, according to E2’s analysis. Companies have said they plan to invest more than $129 billion in these projects and hire more 112,500 workers. These figures reflect ongoing revisions to previous months’ announcement totals.
A full map and list of announcements is available at e2.org/announcements/.
September Highlights
- All seven announcements are manufacturing operations.
- Michigan remains the state with the most total projects with 33
- IRH Manufacturing’s $500 million announcement moved Indiana passed Texas for the 5th-highest total investment dollars announced by companies, now totaling $8.3 billion in the state.
- The electric vehicle industry accounted for six of the seven announcements
Detailed below is a list of September 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 September 2024 | projects announced by date
| Date | Company/Org | State | Source | Sector | Type | Jobs | Investment |
| 9/4 | Holon | FL | Link | EV | Manufacturing | 150 | $100,000,000 |
| 9/11 | Stellantis | MI | Link | EV | Manufacturing | $235,500,000 | |
| 9/11 | Stellantis | MI | Link | EV | Manufacturing | $97,600,000 | |
| 9/11 | Stellantis | MI | Link | EV | Manufacturing | $73,000,000 | |
| 9/20 | IRH Manufacturing LLC | IN | Link | Solar | Manufacturing | 700 | $500,000,000 |
| 9/25 | Shinsung Petrochemical | GA | Link | EV | Manufacturing | 30 | $11,200,000 |
| 9/26 | Terraline | AZ | Link | EV | Manufacturing | 30 |
Clean Energy Works | total projects announced by state Aug. 2022-Sept. 2024
| State | Projects | Est. Investments | Est. Jobs |
| Alabama | 9 | $1.6 Billion | 1,511 |
| Arkansas | 2 | $250 Million | 500 |
| Arizona | 11 | $6.5 Billion | 2,400 |
| California | 14 | $1.6 Billion | 610 |
| Colorado | 7 | $880 Million | 2,382 |
| Connecticut | 4 | $24.8 Million | 100 |
| Florida | 3 | $172 Million | 400 |
| Georgia | 30 | $15.3 Billion | 15,823 |
| Iowa | 3 | N/A | 100 |
| Illinois | 7 | $2.6 Billion | 2,719 |
| Indiana | 12 | $8.3 Billion | 5,262 |
| Kansas | 3 | $110 Million | 180 |
| Kentucky | 8 | $2 Billion | 1,149 |
| 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 | 33 | $12.1 Billion | 12,205 |
| Minnesota | 4 | $155 Million | 700 |
| Missouri | 3 | $100 Million | 300 |
| Mississippi | 3 | $2 Billion | 2,340 |
| North Carolina | 23 | $21.1 Billion | 11,633 |
| 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 | 27 | $14.5 Billion | 13,925 |
| Tennessee | 18 | $5.3 Billion | 4,921 |
| Texas | 26 | $8 Billion | 9,602 |
| 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-Sept. 2024
| Sector | Projects | Jobs | Investment |
| Battery/Storage | 75 | 25,897 | $43,081,500,000 |
| Biofuel | 1 | 40 | $0 |
| Energy Efficiency | 1 | 200 | $6,000,000 |
| EV | 160 | 63,299 | $81,927,200,000 |
| Geothermal | 1 | 0 | $0 |
| Grid, Transmission and Electrification | 16 | 2,348 | $1,809,859,000 |
| Hydrogen | 18 | 3,528 | $6,092,800,000 |
| Semiconductor | 2 | 1,970 | $5,375,000,000 |
| Solar | 84 | 27,814 | $15,761,570,000 |
| Wind | 24 | 2,694 | $4,043,500,000 |
*totals will not match overall figures as some projects are categorized into multiple sectors
Clean Energy Works | total projects announced by type Aug. 2022-Sept. 2024
| Type | Projects | Jobs | Investment |
| Generation | 42 | 3,784 | $9,167,370,000 |
| Manufacturing | 284 | 107,168 | $119,239,659,000 |
| R&D | 14 | 1,298 | $510,100,000 |
| Recycling | 7 | 238 | $101,800,000 |
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.