Clean Energy Investing in America

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

$488B

of investment

44,610

new manufacturing jobs

320,090

MW of projects

$4.5B

in customer savings

164

manufacturing facilities (or expansions)

American manufacturing and investment is transforming.

$488 billion in domestic utility-scale clean energy investments have been announced since August 2022.

The investment announced during this time period is equivalent to over 40 years’ worth of American clean energy investment, surpassing total investment into U.S. clean power projects commissioned between 1981 – 2022.

In the same period, 164 new utility-scale clean energy manufacturing facilities were announced, bringing an expected 44,610 new American jobs. $4.5 billion in savings were also announced for over 24 million customers served by utilities building out more clean power.

Since federal clean energy incentives were passed last year, signs of rapid growth for maturing American clean energy industries are emerging. U.S. wind manufacturing plants that closed in recent years are bringing back workers. Plans for an unprecedented amount of new solar, battery, and offshore wind plants are being drawn and developed. The U.S. is in a position to secure our energy independence and become a global leader in the buildout of clean energy.

The new incentives offer companies significant opportunity to invest in new utility-scale wind, solar, and storage projects and manufacturing facilities, while passing on savings to American consumers.

Should these announcements reach operation, ACP estimates a nearly five-fold increase in solar module production and more than four-fold increase in grid-scale battery storage, along with significant increases in production output for solar cells, polysilicon, ingots, wafers, blades, towers, and nacelles.

If completed, these investments and projects will strengthen our energy independence, improve air quality, and support one million American clean energy jobs.

ACP hosted a virtual event reflecting on the achievements made by the U.S. clean energy industry in just one year. This virtual event recording is available to the public – .

A welder at Leeco Steel works on a wind turbine project.

New Manufacturing Facility Announcements

Explore the 164 new manufacturing facility announcements on the map below.

 

Make ACP aware of new or expanded manufacturing facility announcements by filling out our form to ensure we amplify the announcements in future updates of this report.

Manufacturing Facility Announcements
Forecasted Component Manufacturing Capability
Capacity Announcements
Planned Investment
Customer Savings
Notable Industry Announcements

ACP’s most recent Clean Energy Investing in America report provides an overview of the investments into projects and facilities, jobs, and savings associated with utility-scale clean energy announcements made between August 16, 2022 and July 31, 2023.

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with data up until July 31, 2023
Report Methodology

The information in this analysis was collected from ACP members and public sources. The information contains announcements made between the passage of the Inflation Reduction Act on August 16, 2022, with information current to June 14, 2024. Investments are calculated from announcements by utility and independent power producers. Capital investment amounts for planned capacity announcements, when not provided, are estimated using NREL ATB data.

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