11 Major U.S. Clean Energy Projects Announced Last Month

Businesses have announced more than 265 new clean energy projects in 41 states since August 2022, when the federal Inflation Reduction Act (IRA) was signed into law.

Last month, companies announced 11 large-scale clean energy and clean vehicle projects across the United States, according to the latest monthly analysis from national nonpartisan business group E2. Seven of November’s 11 announcements included details on employment and/or investment plans, adding up to nearly 2,000 new jobs and more than $1 billion in new private-sector investments.

Since August 2022 when the federal Inflation Reduction Act (IRA) was signed into law, companies have announced more than 265 major new clean energy projects in 41 states. Together, the projects that included details on expected employment and investment are expected to result in more than $108.3 billion in investment and create 93,000 new clean energy and clean vehicles jobs.¹

clean energy, Inflation Reduction Act, E2
In November, emerging electric vehicle manufacturer Mullen Automotive, Inc. announced a new high-energy facility in Fullerton, CA. The new Southern California facility will produce next-generation EV battery packs, a critical component to the company’s commitment to zero emissions. (Photo: Mullen Automotive, Inc.)

 

“As we close out the hottest year on record and hear even more dire climate predictions from the United Nations climate summit in Dubai, there is at least some good news in America,” commented E2 Executive Director Bob Keefe. “The IRA and other smart policies continue to prove that addressing climate change doesn’t hurt our economy, it helps it — driving jobs, investments and economic growth in every corner of the country.”

Top States For Clean Energy

Georgia continues to lead the U.S. in total number of clean energy projects announced with 26, followed by Michigan (21), South Carolina (21), and Texas (21). Georgia also leads in estimated jobs from announcements with nearly 15,000, followed by South Carolina (11,472) and Michigan (9,557). North Carolina leads all states in estimated private investments from announced clean energy projects with more than $19 billion, followed by Georgia ($14.7 billion), South Carolina ($11.6 billion), and Michigan ($10.6 billion).

In September, E2 released an economic impact report detailing the broader impact of clean energy projects spurred by the IRA from August 2022 to August 2023. According to public announcements tracked by E2 in the first year of the IRA, projects would directly create more than 74,000 new jobs and generate $86.3 billion in private investments. But when indirect and induced jobs and investments are included, the projects would support more than 400,000 jobs and add $156 billion to the nation’s GDP during construction, according to the E2 analysis. Billions more would be added to the GDP every year once the projects were up and operational.

November Clean Energy Highlights

  • Manufacturing projects accounted for 10 of the 11 announcements in November.
  • Electric vehicle (EV) and related battery manufacturing projects accounted for all estimated jobs and new private investments announced.
  • Nebraska received its first major clean energy announcement since the IRA passed.

Clean Energy Announcements, November 2023

Date
Company
State
Source
Sector
Type
Est. Jobs
Est. Investment
11/1
Hyundai
GA
Link
EV
Manufacturing
100
$24 million
11/3
Neo Industries
KY
Link
EV
Manufacturing
20
$12.4 million
11/13
Mullen Automotive
CA
Link
EV
Manufacturing
11/14
Forge Nano
NC
Link
Battery/Storage
Manufacturing
204
$165 million
11/14
Toyota Industries Electric Systems North America
GA
Link
EV
Manufacturing
250
$69 million
11/14
ZF Group
SC
Link
EV
Manufacturing
400
$500 million
11/17
Simwon NA Corp
TX
Link
EV
Manufacturing
11/19
Nelnet Renewable Energy
NE
Link
Solar
Generation
11/20
Fortescue Metals Group
MI
Link
Battery/Storage
Manufacturing
600
$35 million
11/28
Dai Nippon Printing Co
NC
Link
Battery/Storage
Manufacturing
350
$233 million
11/28
Stardust Power LLC
OK
Link
Battery/Storage
Manufacturing

(Source: E2)

You can view an updated map and list of announcements here.

¹Figures reflect ongoing revisions to previous months’ announcement totals.

Check out all the latest economic development, corporate relocation, corporate expansion and site selection news related to clean energy and renewable energy.

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