The Biden-Harris Administration’s Drive Sparks $133 Billion Surge in Clean Energy Investments and 21,000 Jobs Growth

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​Since the inauguration of the Biden-Harris Administration, numerous private enterprises have disclosed intentions to embark on approximately 94 gigawatts (GW) of fresh clean power generation initiatives, translating to an estimated investment of $133 billion as of August 2023.

These declared financial commitments for specific generation ventures constitute just a fraction of the broader surge witnessed across American clean energy supply chains. This encompasses over $70 billion directed towards novel investments in clean energy manufacturing and infrastructure.

Notably, these investments have become catalysts for robust job expansion. From January 2021 to March 2023, the economy witnessed the addition of 21,000 jobs in power generation and supply, attaining its highest employment levels in over a decade—a significant turnaround from the prolonged downturn in industry employment.