The American Clean Energy Association (ACP) released a new report showing that, in 2022, private investments totaled $271 billion in domestic clean energy projects and manufacturing facilities in the last 12 months. This figure exceeds the combined clean energy investments made in the previous eight years.

The Clean Energy Investing in America report details the extent of the clean energy renaissance spreading across the country since federal clean energy incentives were signed into law last August. Once completed, these investments and projects will strengthen our energy independence, improve air quality, and support one million American clean energy jobs. 

“Investment in clean energy production and manufacturing is surging. New jobs and revenue are bringing opportunity and optimism to rural communities across the country. America’s manufacturing centers are competing to meet new clean energy demand with a new domestic wind, solar or storage manufacturing facility announced every four days,” said ACP CEO Jason Grumet. “ACP member companies are powering the U.S. economy with clean, reliable, and affordable American energy. The United States has the technology, human capital, and financial capacity to achieve clean energy dominance. The only question is whether government policy will allow us to build the clean energy infrastructure in time to seize this opportunity.” 

The report also highlights that 184,850 megawatts (MW) of new utility-scale clean energy capacity has been achieved in the last year. In addition, there were $4.5 billion in savings for consumers and 29,780 new manufacturing jobs.

According to the report's data, there was more than $22 billion in manufacturing investment and 83 new or expanded clean energy production facilities, equivalent to the announcement of one production facility every four days.

Source:  Clean Energy Investing in America report

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.