Across the U.S., companies continue to invest billions of dollars in clean manufacturing projects as they pursue lucrative tax credits offered under the Inflation Reduction Act. The law, passed in August 2022, has helped spur a new era in U.S. manufacturing, with factories popping up in dozens of states to produce items such as electric vehicles, batteries and solar panels.
In the first year of the law’s existence, 39 states saw factory and other project announcements worth more than $86 billion. Since then, companies have continued to invest amid the Biden administration’s push to expand the country’s clean manufacturing industry and bring supply chains closer to home.
Tracking projects spurred by the IRA across states and clean energy sectors can help manufacturers better understand which states and regions are leading the investment wave.
Manufacturing Dive is monitoring these investments on a monthly basis and highlighting key trends in the data in a series of charts, including where investments are clustering across the U.S. and which foreign countries’ companies are leading in establishing projects.
We’ll be updating the data in these charts each month, based on the latest investment summaries from environmental group E2, which has been logging project announcements since the passage of the IRA.
Read on for five charts that break down what you need to know about clean energy manufacturing investments in the U.S. For the latest monthly data, scroll to the bottom for a breakdown of projects by investment, job creation, sector and location.
