Fueling the Clean Energy Revolution
Clean energy job growth and substantial investments in the clean power sector have surged since President Biden enacted his Investing in America agenda. This robust development is a key component of Bidenomics, the President’s strategy to bolster the economy from the middle and bottom up.
Paving the Way to a Greener Economy
Investments in clean power generation are pivotal to meeting President Biden’s vision for a green economy, offering quality job prospects for American workers, and addressing the pressing climate crisis. Private companies have committed to approximately 94 GW of new clean power generation projects, with an estimated $133 billion invested by August 2023.
Energizing Job Growth
These investments have ignited significant job growth in the sector. Between January 2021 and March 2023, the power generation and supply industry added 21,000 jobs, reaching a level not seen in over a decade.
Job Expansion Across Clean Energy
More than half of these new jobs emerged between August 2022, coinciding with the enactment of crucial elements of the President’s Investing in America agenda, and March 2023. The employment surge includes positions in electricity transmission, distribution, and various clean power generation categories.
A Comprehensive View of Clean Energy Jobs
While the Quarterly Census of Employment and Wages (QCEW) offers timely insights into job gains within energy industries, the Department of Energy’s U.S. Energy and Employment Report (USEER) from 2022 provides a broader definition of energy jobs and a more comprehensive perspective on the energy workforce.
Clean Energy Leads Job Growth
The USEER report reveals that clean energy job growth outpaced the overall energy sector job growth in 2022. Clean energy jobs grew by 114,000, accounting for 40 percent of all energy jobs. Jobs in transmission, distribution, and storage related to clean energy also saw remarkable growth.
Nationwide Clean Energy Impact
Clean energy employment surged in all 50 states, with substantial gains in states like West Virginia, Oklahoma, and New Mexico. These states led the way in clean energy job growth, including traditional transmission and distribution roles.
Advancing Gender Equality
In 2022, there was progress in increasing women’s representation in the energy sector. Women accounted for over half of the net energy jobs added, experiencing a 7.8 percent increase in employment.
Unions and Workforce Support
The USEER data highlights the advantages of strong unions in the energy sector. Employers with unionized workforces reported less difficulty in hiring workers and invested in registered apprenticeship programs. Unionized workforces were also more likely to recruit from diverse communities.
A Presidential Vision Realized
President Biden’s commitment to investing in America and empowering workers is exemplified by the data on private sector investment and employment in power generation. The Bipartisan Infrastructure Law and the Inflation Reduction Act have unlocked historic investments in infrastructure, clean energy, and domestic supply chains.
Ensuring Equitable Growth
The Administration’s dedication to creating high-quality jobs, promoting fair wages, supporting unionization, and establishing training and recruitment pipelines aligns with the second pillar of Bidenomics—empowering workers.
The Path Forward
As the energy sector continues to expand, tracking its growth in various data sources will be crucial to ensuring that the Investing in America legislation benefits American workers, families, and communities. The President’s investments are poised to drive further innovation and job growth in the energy industry.