America Builds Power

Energy tax credits are Investing in America.

Since August 2022, the American utility-scale clean energy industry has announced:

186

new manufacturing projects

105K+

new manufacturing jobs

94

new manufacturing projects online & operating

$550B+

of realized & planned investment

98 GW

of clean power capacity built

$145B

invested in clean power built

Solar, Storage and Wind are Energizing American Manufacturing

As electricity demand grows, clean power is meeting the moment as the fastest-growing source of energy. The solar, storage and wind sectors are driving a new era of American manufacturing.

  • Historic public investments in the sector are creating jobs nationwide and building a competitive domestic energy supply chain.
  • New manufacturing facilities are emerging to deliver American-made energy solutions, fueling progress and economic growth.

A new U.S. manufacturing renaissance is being driven by clean energy, federal tax credits, and innovative U.S. companies.

  • More than 105,000 new manufacturing jobs and 186 clean energy manufacturing facilities have been announced during this period of energy tax credits.
  • More than 94 new primary clean energy manufacturing projects have commissioned, representing more than $73 billion in realized investment.
  • The revitalization of communities from this renaissance has already begun.
  • This revitalization is expected to continue, aided by a 4x projected return on investment from American energy tax credits.

Manufacturing activities drive a ripple effect of economic growth that extends far beyond factory walls. But businesses need regulatory certainty to further the progress made and deliver for the American people. Data was collected through December of 2024.

Clean Energy Manufacturing Facilities

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A record number of new utility-scale clean energy manufacturing facilities or facility expansions have been announced in the last two years.

Since U.S. energy tax credits became law, 280 manufacturing projects for primary clean energy components have come online or been announced by the industry.

  • 94 of these projects have started operations
  • 186 of these projects are under construction, reopening, or announced

*Data as of December 2024

 

Manufacturing is not a new effort for the clean energy industry—rather, this is a recommitment to domestic manufacturing might and American competitiveness.  

  • There are hundreds of additional clean-power related manufacturing facilities across the U.S. that supply parts and materials to the primary component manufacturers such as steel, glass, concrete, safety equipment, and more.

The New U.S. Manufacturing Renaissance

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Restoring Pride, Purpose, and Local Economies

Manufacturing was once the backbone of the American economy. In rural areas, manufacturing provided more jobs and higher earnings than other sectors.

But U.S. manufacturing is not the driver of local economies it once was.

  • Between 2001 and 2015—a period that included two recessions—manufacturing employment fell close to 30 percent.
  • In addition, 71 percent of U.S. counties experienced a decline in manufacturing employment.

Today, we are experiencing a U.S. manufacturing renaissance, driven by a new wave of scalable clean energy technologies, federal tax credits, and innovative U.S. companies.

  • According to the Federal Reserve (and accounting for inflation), since the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPs Act became law, construction spending in manufacturing has more than doubled, and is more than five times what it was 20 years ago.
  • According to the National Association of Manufacturers, for every $1 spent in manufacturing, there is a total impact of $2.69 to the overall U.S. economy.
  • Also according to the National Association of Manufactures, manufacturing employees earned more than $102,000 on average in 2023.
  • According to the IEA, clean energy growth, including it’s manufacturing, contributed significantly to the American economy in 2023, accounting for ~6% of GDP growth.

The revitalization of communities from this renaissance has already begun. These investments are revitalizing communities and restoring pride to many who still remember—and are still connected to—America’s proud history of manufacturing.

From GE Vernova building America’s biggest land-based wind turbine in a community where Thomas Edison’s first company (General Electric) flourished, to Form Energy building innovative multi-day battery systems at a site in West Virginia where steel manufacturing used to support the town, clean energy is bringing new optimism and opportunity to folks with deep ties to America’s history of manufacturing.

Discover the impact these manufacturing facilities are having on communities across America through the stories below.

WEST VIRGINIA – Located at the site of the former Weirton Steel plant, U.S.-based Form Energy has recently built its first high-volume battery manufacturing facility.

Click here to read the full story ↗


COLORADO – Vestas has invested more than $1 billion in Colorado to establish two wind manufacturing facilities serving the North American market.

Click here to read the full story ↗


OHIO – The first and largest U.S. plant to produce high quality (550w) solar panels is providing residents in and around Pataskala, Ohio with new, good-paying jobs.

Click here to read the full story ↗


NEW YORK – In May 2023, GE Vernova announced a $50 million expansion of its turbine manufacturing facility in Schenectady, NY.

Click here to read the full story ↗


Projects Built

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A record amount of new U.S. clean power came online after new energy tax credits were passed into law.

98 GW of new clean power came online between September 2022 and December 2024.

These clean power projects represent $145 billion of new investment from the private sector and provide enough electricity to power 30+ million homes.

Investment Realized

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The historic clean power investment announced in the past two years is already driving economic growth in American communities.

Of the $557 billion in investment that’s been announced after August 2022, $218 billion has already been realized across the clean energy economy.

 

Two pie charts showing investment in the clean energy economy

Discover how this investment is already revitalizing American communities.