Source: Canary Media
President Biden’s marquee climate legislation has triggered a wave of announcements of planned new clean energy manufacturing facilities in the U.S. — but the benefits of this boom are not flowing evenly across the country.
Thanks to the Inflation Reduction Act’s subsidies for domestic clean energy manufacturing, makers of EVs, solar panels, wind turbines and batteries have unveiled plans over the last year to invest billions of dollars in factories that would employ thousands of people. As of this August, more than 100 new facilities or factory expansions had been announced, totaling nearly $80 billion in new investment.
The projects are currently planned for 27 states, but they’re concentrated in a handful of states, and mostly clustered in the so-called Battery Belt that is emerging in the Southeastern U.S.