- Published: 07 August 2023 07 August 2023
The American Clean Power Association (ACP) has released the Clean Energy Investing in America report, showing that federal support has led to the announcement of private investments totaling $271 billion in domestic clean energy projects and manufacturing facilities over the past 12 months.
Highlights from the report include public announcements from the past year of:
- 184,850 megawatts (MW) of new utility-scale clean energy capacity
- $4.5 billion in consumer savings
- 29,780 new manufacturing jobs
- Over $22 billion in manufacturing investment
- 83 new or expanded utility-scale clean energy manufacturing facilities
Manufacturing facilities for utility-scale clean energy components have been announced in districts across the country, and multiple states have announced five or more facilities, including Georgia (7), Tennessee (6), South Carolina (6), Texas (5), and Colorado (5).
The report also unveils a significant uptick in the manufacturing capacity of clean power components, thanks to the 83 announced facilities. 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.