The New U.S. Manufacturing Renaissance

An excerpt from ACP’s Clean Energy Investing in America 2024 report.

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.

The revitalization of communities from this renaissance has already begun.

Discover the impact these manufacturing facilities are already having on communities across America.

	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 into Colorado to establish two 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 ↗

Read stories from our new series on The New U.S. Manufacturing Renaissance – part of ACP’s Clean Energy Investing in America report.