A new report from E2 shows that in the two years since the Inflation Reduction Act (IRA) became law, private companies have responded to the tax credits in it by announcing more than $128 billion in clean energy projects. The report shows that these investments, including six large-scale projects named in August, will bring well over 100,000 new jobs.

Five of the six new projects will be in Southern states, which have attracted nearly half of all the projects put forward since the IRA became law in August 2022. Georgia, South Carolina, North Carolina and Tennessee have seen the biggest commitments. Jobs at new clean energy manufacturing and generation facilities will add momentum to a sector where jobs are growing three times as fast as U.S. employment overall.