Clean Energy Investing in America

$150 billion is equivalent to five years’ worth of American clean energy investment, surpassing total investment into U.S. clean power projects commissioned between 2017 – 2021.

In the same period, 47 new utility-scale clean energy manufacturing facilities were announced, bringing an expected 18,000+ new American jobs. $4.4 billion in savings were also announced for over 24 million customers served by utilities building out more clean power.

Since new federal clean energy incentives were passed in August 2022, 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.

However, to realize this clean energy future and ensure the full potential of these projects, ACP urges the Administration and Congress to continue improving trade policies, supporting next-generation technologies, finalizing effective tax implementation and working to enact commonsense permitting reform.

If completed, these investments and projects will strengthen our energy independence, improve air quality, support one million American clean energy jobs, and put us on track to produce enough affordable domestic clean electricity to power the equivalent of every American home by 2030.

ACP’s Clean Energy Investing in America report provides an overview of the investments into projects and facilities, jobs, and savings associated with utility-scale clean energy announcements made between August 16, 2022 and March 31, 2023.