Tennessee Clean Energy Boom Report

November 1, 2023

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Passing the Inflation Reduction Act (IRA) has kicked America’s clean energy sector into high gear and in Tennessee, the state is becoming an electric vehicle (EV) battery manufacturing powerhouse. Tennessee ranks 8th in the nation for new clean energy projects, with 15 new projects announced since the IRA’s passage spanning four sectors – batteries, clean tech, EVs and solar. Across the state, new clean energy projects have already spurred $6.72 billion in investment and created or moved forward over 6,030 good-paying clean energy jobs. In Tennessee’s rural communities, companies have announced $1.4 billion in investment and the creation of 1,503 good-paying clean energy jobs. The IRA will continue to accelerate the clean energy jobs boom while lowering energy costs for families, investing in disadvantaged communities, and reducing climate pollution across the state.