The 2022 expansion and extension of federal clean economy incentives has unleashed hundreds of billions of dollars of private investment. These projects are reinvigorating domestic manufacturing and supply chains, reducing energy costs while meeting soaring demand, and positioning the U.S. to compete and win in the critical industries of the 21st century. And they’re creating thousands upon thousands of jobs in red, blue, and purple states alike, and in communities of every type.
Powering America’s Clean Energy and Manufacturing Boom
When Congress extended and expanded federal clean economy tax credits and other incentives in 2022, it marked a culmination of more than a decade of advocacy for federal climate legislation by Ceres and the companies we work with.
$BN
invested in U.S. clean energy manufacturing and deployment since federal initiatives passed in 2022.
+
jobs created.
projects launched in states across the nation.
"The U.S. has always led in innovation-driven economic growth, and federal policy will continue to play a crucial role."
Kara Fulcher
Michelin North America
Projects state by state
Global clean energy businesses, iconic American companies, and innovative startups alike are moving to take advantage of the law’s robust tax credits and other incentive programs.
Arizona
KORE Power, a battery cell technology developer, is using Siemens capital and technology solutions to build a 1.3-million-square-foot advanced battery manufacturing plant, creating 700 construction jobs and 1,250 direct manufacturing jobs.
Ohio, Tennessee, and Michigan
A joint venture between General Motors and LG received a $2.5 billion Department of Energy loan toward their $7 billion investment in three electric vehicle battery manufacturing plants, creating more than 5,000 new jobs.
Kentucky and Tennessee
Ford and SK On are collaborating on a $11.4 billion plan to build three major battery manufacturing plants that will create 7,500 new jobs and produce enough batteries for two million electric vehicles.
Georgia
In partnership with Ceres Policy Network members Microsoft and HASI, and supported by Inflation Reduction Act, global solar manufacturer QCells is building a $2.5 billion factory that will employ nearly 2,000 people. FREYR Battery, in partnership with Ceres Policy Network member Siemens and others, is investing $2.6 billion in a clean battery manufacturing gigafactory that will create 720 highly skilled jobs.
West Virginia
The energy storage company Form Energy is building a $750 million factory in coal country, employing 750 people—an investment celebrated by Sen. Joe Manchin, the decisive vote and key negotiator on the Inflation Reduction Act.
North Carolina
Galvanized by federal investments, Siemens is investing $220 million in a passenger rail manufacturing site that will bring 500 new jobs to the Lexington area.
Texas
Spurred by the Inflation Reduction Act investments, Siemens is building an electric vehicle charger manufacturing plant, creating 100 new jobs.
South Carolina
Redwood Materials has invested $3.5 billion to build a 600-acre electric vehicle battery recycling and manufacturing plant that will employ 1,500 people.
"Energy demand is on the rise, and while existing policies have effectively helped us maintain economic competitiveness, there’s still more to be done to to drive growth, increase supply, and improve affordability."
Jeannie Salo
Electric North America
+
companies supported federal clean economy investments that passed in 2022.
$TN
in annual revenue.
M
global employees represented.
Updates on our advocacy
"We are witnessing an unprecedented acceleration of the energy transition that is laying the foundation for the deployment of massive amounts of affordable, clean, and reliable power over the next decade-plus."
Susan Nickey
HASI
Get involved with our networks
Our advocacy doesn't stop here. Our networks of companies and investors continue to push for additional clean energy investment at the state and federal levels and defend against efforts in Congress to roll back federal clean economy tax credits.
Join us
"These transformational investments in infrastructure and industry are powerful tools to help us shape a more sustainable, resilient, and equitable future."
Barbara Humpton
Siemens USA
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