Biden’s Invest in America Tour Stop In Minnesota Will Spotlight Innovation in Clean Energy Technology
WASHINGTON, D.C. — President Biden’s clean energy plan is stimulating rapid economic growth in communities across the country—including the Midwest. In the six months since the passage of the Inflation Reduction Act, thousands of jobs have been announced, and clean energy projects have been advanced, creating opportunities in America’s heartland.
Minnesota’s no exception to the clean energy boom the U.S. is experiencing. Thanks to Biden’s clean energy plan, Minnesota’s economy is thriving—and providing new jobs for Minnesotans. Cummins Inc., the company President Biden is planning to tour today, is playing an important role in our clean energy transition, and announced this morning that it’s investing more than $1 billion across its manufacturing chain to update decarbonization technologies, including hydrogen.
According to Climate Power’s Clean Energy Jobs Report, in the six months since the Inflation Reduction Act passed, nearly $600 million dollars have been invested to turbocharge Minnesota’s clean energy economy.
Examples of those clean energy project announcements and expansions prior to today include:
- Cummins Inc. announced last October that the company would begin producing electrolyzers in their Findley, Minnesota plant, and will dedicate 89,000 sq. ft. for hydrogen production.
- Xcel Energy received approval from local regulators last fall that would green light their $575 million solar panel plant in Becker, Minnesota. The plant is expected to create at least 900 jobs for Minnesotans.
Additionally, the Biden administration’s affordable clean energy plan has invested in bold climate resiliency programs and cost saving efficiency projects. Last year, the Department of Energy announced that Minnesota would be receiving over $148 million in home energy rebate funding to lower energy costs and make homes more energy efficient. In January, the Department of Interior finalized plans to enact a mining ban in the Boundary Waters Canoe Area Wilderness— protecting the nation’s most visited wilderness area, and the 1,000 jobs and $77 million in economic output it supports.