Nearly 200 US Clean Energy Projects Announced in 2023; Eight New Projects in December

Including December’s projects, E2 in 2023 tracked nearly $64 billion in announced private-sector investments to build major new clean energy projects, including factories to make solar panels, batteries and electric vehicles, as well as major renewable energy developments. The nearly 200 projects are spread across 39 states and Puerto Rico and are expected to create at least 61,000 new jobs — primarily in manufacturing and the electric vehicle sector.

The projects announced throughout 2023 builds on the growth in the nation’s clean energy sector that began with the passage of the Inflation Reduction Act (IRA) in 2022. In all, at least 274 large-scale clean energy projects have been announced in 41 states and Puerto Rico since the IRA passed, according to E2’s analysis. Companies announced at least 95,000 new jobs and more than $110 billion in capital investment in these projects since President Biden signed the law. (These figures reflect ongoing revisions to previous months’ announcement totals).

December Highlights

• Manufacturing projects accounted for seven of the eight announcements in December.
• Solar and electric vehicle (EV) manufacturing projects each accounted for three announcements.
• Ohio led all states with the most announcements in December with three, followed by South Carolina with two.
• The largest announced investment was Waaree Energies’ $1 billion announcement to build its first U.S. solar factory in Brookshire, Texas.

2023 Highlights

• Based on publicly available information from announcements that included new jobs and/or investment plans, the projects announced by businesses in 2023 are expected invest at least $64 billion and create a minimum of 61,653 new jobs. About one-third of the 196 announcements did not include anticipated job creation and/or private investment figures.
• Georgia led the U.S. with the most total announcements in 2023 with 22, followed by Texas (15), Michigan (14), South Carolina (13), North Carolina (12), and Tennessee (10).
• North Carolina received the most announced capital investments for major clean energy projects with $11.2 billion, followed by Georgia ($6.9 billion), Indiana ($5.8 billion), South Carolina ($5.7 billion), Michigan ($5.7 billion), and Nevada ($5.5 billion).
• The EV industry led all sectors with the most announced projects with 85, followed by solar (53), and Battery/Storage (41). Additionally, EV projects accounted for more than half of all announced investments ($38 billion) and jobs (32,000).
• More than 80 percent of all projects (162) and 95 percent of capital investments ($61 billion) announced were in the manufacturing industry.

Clean Energy Works December 2023 | projects announced by date