Companies announced 1,300+ jobs and $700 million in new investments last month

Companies announced more than $700 million in nine new large-scale clean energy projects last month that are expected to employ at least 1,300 new workers across six states, according to the monthly tally of private-sector announcements from E2. The nine new projects brings the total number of new major projects announced across the renewable energy, battery storage, transmission and grid, electric vehicle and other clean energy industries to 325 since the Inflation Reduction Act (IRA) was signed into law in August 2022.

June’s announcements continue a surge in new projects since May. In the first six months of 2024, companies announced 50 new major clean energy projects, including 20 in the last two months.

Following is a statement from MICHAEL TIMBERLAKE, E2 COMMUNICATIONS DIRECTOR:

“With record-breaking heatwaves and hurricanes ushering in a deadly summer, the need for a cleaner economy is clear. These projects will help give us the tools we need to reduce carbon emissions that are driving climate change, while continuing to grow our economy.”

Among the projects announced in June was a $620 million solar wafer manufacturing plant in Oklahoma and a $40 million South Carolina factory that will make battery components. Three project announcements included no investment estimates, and two projects included no job estimates.

Seven of the nine projects announced are in congressional districts represented by Republicans, continuing a trend. Since the IRA passed, 56 percent of major clean energy projects announced have been in GOP-held districts and 85 percent of total investments announced have been for projects announced in GOP-held districts.

In all, at least 325 major clean energy projects have been announced in 40 states and Puerto Rico since the IRA passed, according to E2’s analysis. Companies have said they plan to invest nearly $125 billion in these projects and create more 108,000 jobs. These figures reflect ongoing revisions to previous months’ announcement totals.

A full map and list of announcements is available at e2.org/announcements/.

June Highlights

  • Four of the nine announcements involve new manufacturing operations and jobs; two involve battery recycling.
  • North Carolina, South Carolina, and Tennessee each saw two new major clean energy project announcements.
  • The electric vehicle sector had the most new announcements in June, with four.

Detailed below is a list of clean energy announcements tracked by E2 in June along with totals by state, sector, industry type, and congressional district for all projects announced since E2 began tracking in August 2022.

Clean Energy Works June 2024 | projects announced by date

Date Company/Org State Source Sector Type Jobs Investment
6/6 Ameren Missouri MO Link Solar Generation
6/11 IONNA NC Link EV R&D 203 $10,500,000
6/14 ReCreate TN Link Solar Manufacturing
6/17 Green Metals Inc NC Link EV Recycling 47 $19,800,000
6/20 Princeton NuEnergy SC Link Battery/Storage Recycling 41 $11,000,000
6/24 ElringKlinger SC Link Battery/Storage Manufacturing 115 $40,300,000
6/24 OPMobility TN Link EV Manufacturing 186 $3,000,000
6/26 NorSun OK Link Solar Manufacturing 320 $620,000,000
6/28 Ford CA Link EV R&D 450

 Clean Energy Works | total projects announced by state Aug. 2022-June 2024

State Projects Jobs Investments
Alabama 7 1,420 $1,613,000,000
Arizona 10 2,370 $6,451,000,000
Arkansas 2 500 $250,000,000
California 14 610 $1,600,000,000
Colorado 7 2,382 $880,000,000
Connecticut 4 100 $24,800,000
Florida 2 250 $72,000,000
Georgia 28 15,723 $15,279,500,000
Illinois 7 2,719 $2,563,500,000
Indiana 11 4,562 $7,816,000,000
Iowa 2 0 N/A
Kansas 3 180 $110,000,000
Kentucky 8 1,149 $1,958,400,000
Louisiana 5 1,039 $1,713,500,000
Maine 1 200 $6,000,000
Maryland 3 205 $16,370,000
Massachusetts 6 1,041 $45,700,000
Michigan 30 12,205 $11,690,300,000
Minnesota 4 700 $155,000,000
Mississippi 3 2,340 $2,015,000,000
Missouri 3 300 $100,000,000
Nebraska 1 0 N/A
Nevada 6 5,250 $6,600,000,000
New Hampshire 1 0 $16,300,000
New Mexico 6 2,542 $1,243,000,000
New York 13 3,079 $791,000,000
North Carolina 22 10,571 $19,694,759,000
Ohio 18 4,854 $7,073,800,000
Oklahoma 7 1,810 $4,270,000,000
Oregon 2 0 $43,000,000
Pennsylvania 2 157 $116,100,000
Puerto Rico 1 800 N/A
Rhode Island 1 0 N/A
South Carolina 27 13,925 $14,460,200,000
Tennessee 18 4,921 $5,286,700,000
Texas 22 8,811 $7,769,000,000
Utah 3 0 $1,000,000,000
Vermont 1 12 N/A
Virginia 4 299 $445,500,000
West Virginia 4 850 $1,335,000,000
Wisconsin 6 262 $242,000,000

Clean Energy Works | total projects announced by sector Aug. 2022-June 2024

Sector Projects Jobs Investment
Battery/Storage 73 24,694 $41,581,500,000
Biofuel 1 40 $0
Energy Efficiency 1 200 $6,000,000
EV 151 62,525 $81,362,900,000
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 77 25,999 $14,644,370,000
Wind 20 2,694 $2,952,500,000

*totals will not match overall figures as some projects are categorized into multiple sectors

Clean Energy Works | total projects announced by type Aug. 2022-June 2024

Type Projects Jobs Investment
Generation 42 3,784 $9,167,370,000
Manufacturing 263 102,818 $114,967,159,000
R&D 14 1,298 $510,100,000
Recycling 6 238 $101,800,000

Clean Energy Works | total projects announced by congressional district Aug. 2022-June 2024

Party Projects Announced Jobs Announced Investments
Republican 184 73,515 $106,583,570,000
Democratic 100 26,751 $15,376,900,000
Unknown 41 7,872 $2,785,959,000

To speak with E2 staff and our member business leaders in states across the country, please contact Alex Frank—(703) 276-3264, afrank@hastingsgroupmedia.com or Michael Timberlake—(913) 645-9103, mtimberlake@e2.org.

Additional Resources:

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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.

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