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A new report from the Clean Investment Monitor, a joint project from Rhodium Group and MIT’s Center for Energy and Environmental Policy Research, finds that companies have announced 380 clean technology manufacturing facilities since the Inflation Reduction Act was signed into law on August 16, 2022, nearly half of which were operational as of March 31, 2025.
“This rapid buildout reflects an intensifying global competition to onshore clean technology supply chains and boost domestic manufacturing,” says a release from Rhodium Group this week. “But the sector faces rising headwinds from tariff escalations, an uncertain federal policy outlook, and broader macroeconomic pressures. In the first quarter of 2025, six announced projects—representing $6.9 billion of investment—were cancelled, the highest quarterly value on record. Still, companies announced $9.4 billion in new manufacturing projects, a 47% increase from Q4 2024, though 23% below the value announced in Q1 2024.”
The report includes a breakdown of the share of each state’s economy represented by clean tech investments. It also analyzes different sectors such as wind and solar. But batteries are leading the way today. “Battery manufacturing now stands out as the most advanced segment of the clean tech supply chain in terms of current operational capacity and forward momentum,” the report states. “As of Q1 2025, the Clean Investment Monitor tracked 123 operating battery manufacturing projects in the U.S.”
Want to dig into the data? The Clean Investment Monitor allows you to explore the database as you wish: https://www.cleaninvestmentmonitor.org/database-access.
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