Photo Credit: Cedar Creek Wind owned by Clearway

Clean Energy Investing in America

Since August 2022, the U.S. utility-scale clean energy industry has announced:

$500B

of planned investment

100K+

new manufacturing jobs

160+

new manufacturing facilities or expansions

42

new manufacturing facilities online and operating

300+ GW

of clean power capacity

$75B

invested in clean power built in last two years

Clean Energy: A Growth Driver for the Economy & Jobs

The progress of the clean energy industry over the past two years is nothing short of remarkable.

As demand for electricity continues to rise, clean power is answering the call and propelling a new era of American manufacturing. Historic levels of investments into the sector are providing a powerful engine for job creation across the nation and onshoring a domestic clean energy supply chain, as new manufacturing facilities spring up to provide American-built energy generation.

The last two years have seen the industry announce over $500 billion in clean energy investment and over 160 new manufacturing facilities or facility expansions. These facilities are expected to provide over 100,000 new manufacturing jobs.

These announcements are quickly becoming realized. Of the announced manufacturing facilities or expansions, 44% are online and operating or under construction. 20,000 new manufacturing jobs are now available. And over the past two years, the industry has installed more than 55 gigawatts of capacity—the energy equivalent of clean power for over 10 million homes.

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.

The stories and findings in this year’s report are a testament to the industry’s progress in these transformational two years, and provide a glimpse of the economic growth to come.

Manufacturing Facilities Opened

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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 August 2022, 161 facilities have been announced by the industry. 42 facilities of these new facilities have started operations, with 119 under development.

Clean Power Projects Built

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A record amount of new U.S. clean power came online after August 2022.

55+ GW of new clean power came online between September 2022 and March 2024.

These clean power projects represent $75 billion of new investment from the private sector, and provide enough electricity to power 10+ 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 $500+ billion in investment that’s been announced after August 2022, $75 billion has already been realized across the clean energy economy.

Discover how this investment is already revitalizing American communities. 

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.

The revitalization of communities from this renaissance has already begun.

Discover the impact these manufacturing facilities are 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.

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

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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.

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

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