Since the enactment of the Inflation Reduction Act (IRA), the US has witnessed a surge in manufacturing job announcements, with over 100,000 new positions announced across the country. This trend follows the recent unveiling of four large-scale clean energy projects, projected to employ 1,500 manufacturing workers.

According to the monthly tally of private-sector announcements from E2, these new projects are slated to invest upwards of $2 billion into the economy. Among the notable announcements in April, Toyota disclosed a $1.4 billion investment to construct a three-row electric SUV at its Princeton facility in Indiana. Additionally, Boviet Solar revealed a $294 million investment to establish its inaugural solar manufacturing plant in North America, situated in North Carolina and anticipated to hire over 900 workers.

In total, E2's analysis reveals that at least 305 major clean energy projects have been announced across 40 states and Puerto Rico since the passage of the IRA. These initiatives have contributed to the creation of over 100,000 manufacturing jobs and an excess of $123 billion in capital investment.

April's announcements underscore the prominence of manufacturing projects, with Indiana securing the largest investment of $1.4 billion during the month. As a result, Indiana now ranks fifth for the highest investment dollars announced for new clean energy projects, totaling $7.8 billion. The solar energy sector dominated the announcements, with two significant projects unveiled.

Notably, the distribution of these projects reflects a bipartisan approach, with two projects located in congressional districts held by Republicans and the remaining two in Democratic-controlled districts.

The IRA continues to drive economic growth and job creation, positioning the US as a leader in clean energy innovation while bolstering the manufacturing sector.

Source: Renewable Energy World