Solar and Storage's $100 Billion Boost from the Inflation Reduction Act ????
Wes Ashworth ?????
Renewable Energy/Cleantech Recruitment, Green Giants Podcast Host
A year since the Inflation Reduction Act (IRA) came into force, the U.S. solar and storage landscape has radically transformed:
? Over $100 billion announced in private investments.
? 51 solar manufacturing facilities announced or expanded.
? $20 billion to be invested in local communities.
? Staggering 155 GW of new production capacity in the pipeline, including:
By 2026, our solar manufacturing prowess will be 17 times its current capacity, with the workforce tripling to over 100,000 jobs within the next decade.
The future also looks bright for energy storage:
? 65 GWh of manufacturing capacity in the works.
? Over 3 GW of new large-scale storage projects deployed post-IRA.
? Estimated 100,000 residential solar systems paired with batteries.
Fast forward to 2033:
?? U.S. solar capacity will reach 669 GW.
?? CO2 emissions cut by 459 million metric tons annually.
?? $565 billion in private sector investments anticipated.
Let's celebrate these milestones, and here's to a brighter, cleaner future for all! ??