The US clean energy sector is on track to double its share of the country's electricity mix, thanks to a massive $500 billion investment announced over the past two years. This surge in funding aims to increase the current 15% share of clean energy, as reported by the American Clean Power Association (ACP).

This new investment follows the $75 billion allocated to clean power since the Inflation Reduction Act (IRA) was signed into law by President Joe Biden in August 2022. According to John Hensley, ACP's vice president of markets and policy analysis, there are over 300GW of new clean power projects underway, set to come online in the next few years. This is more than double the existing 270GW of clean energy capacity in the US.

These developments reflect the Biden administration's commitment to boosting renewable energy sources, including wind, solar, and energy storage systems, marking a significant shift in the nation's energy landscape.