The investment announced during this time period is equivalent to eight years’ worth of American clean energy investment, surpassing total investment into U.S. clean power projects commissioned between 2015 – 2022.

In the same period, 83 new utility-scale clean energy manufacturing facilities were announced, bringing an expected nearly 30,000 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 currently announced manufacturing facilities reach operation, ACP estimates a nearly ninefold increase in solar module production and a more than fifteenfold increase in grid-scale battery storage, along with significant increases in production output for solar cells, polysilicon, ingots and 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.