A new report from the American Clean Power Association (ACP) reveals that over the past two years, the U.S. clean energy industry has announced $500 billion in new investments, driving economic growth and creating tens of thousands of jobs.
Key Findings from the 2024 Clean Energy Investing in America Report
Manufacturing Renaissance: The clean energy sector is spearheading a manufacturing revival with plans to build or expand over 160 domestic manufacturing facilities, creating more than 100,000 new jobs nationwide.
Jason Grumet, ACP Chief Executive Officer, said: “These historic investments are providing a powerful engine for job creation across the nation. As demand for electricity continues to rise, clean power is answering the call and propelling a new era for American manufacturing.”
Investment Highlights:
Total Capital Investment Announced: $500 billion
Manufacturing Investment Announced: Over $60 billion
Realized Project Investments: $75 billion in projects that have come online in the last two years
Manufacturing Facilities:
Total New Manufacturing Facilities Announced: 161
Facilities Online and Operating: 42
Facilities in Development: 119
Job Creation and Economic Impact
The clean energy manufacturing boom is significantly bolstering American employment:
Total New Manufacturing Jobs Announced: Over 100,000
Jobs Generated by Operational Facilities: 20,000
Jobs Expected from Facilities in Development: 80,000
Expanding Clean Power Capacity
The clean energy sector is rapidly increasing its generating capacity:
Capacity Announced: Over 300 GW, enough to power over 47 million American homes
Capacity Built: 55 GW, sufficient to power over 10 million homes
Revitalizing Local Economies
The report also highlights stories of how clean energy investments are revitalizing local economies, underscoring the nation’s commitment to expanding its energy portfolio and solidifying its position as a global leader in clean energy.