Business group estimates several hundred thousand clean energy jobs in EV, battery storage and solar

A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the

The EV sector had the strongest response to the IRA and represents 58% of investments when the projects were being announced. This sector is expected to support 185,700 jobs annually for five years. Battery storage is expected to support 48,000 jobs, and solar is expected to support 35,000, both annually for five years.

Christopher Chung, CEO of Economic Development Partnership of North Carolina, a nonprofit public-private organization, said North Carolina is one of the many states in the South seeing growing clean technology investment. “Bipartisan legislation at the federal level has really juiced the pipelines of activity for us when it comes to economic development, especially attracting foreign direct investment,” he said.

Labor shortages in the clean energy sector, particularly in construction, manufacturing, and electrical work are notable, said Thomas Kwan, director of sustainability research at Schneider Electric, an energy management and industrial automation company. Tim O’Brien also offered a withering analysis of how the former president views his children Ivanka Trump, Donald Trump Jr. and Eric Trump.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Daiwa Announces Share Buyback as Profit Climbs on Retail BusinessDaiwa Securities Group Inc.’s profit jumped last quarter as all the main businesses fired for Japan’s second biggest brokerage.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Carlsberg CEO: Russia has 'stolen our business'Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia's government that would make its seizure of the assets look...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BlackBerry’s John Chen will depart as CEO amid plans to split businessJohn Chen will depart his role as chief executive of BlackBerry on Nov. 4 after a decade at the helm of the Waterloo-based technology company.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Vodafone's Bid to Sell Spanish Business Reflects European Telecoms' Asset Divestment StrategyVodafone's attempt to sell its Spanish business is part of a larger trend among European telecom companies to strengthen their financial health by divesting assets, consolidating markets, and selling stakes to investors. European telcos face challenges due to high debt and small, competitive markets, making it difficult to find growth. Mergers have been hindered by regulatory opposition, as reducing the number of operators could lead to higher prices and less choice for consumers. The $19 billion merger between Spanish telecom companies Orange and MasMovil is being closely watched as a potential test case for antitrust regulators.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »