Act Cuts Inflation, Attracts 4 Companies, 850 Jobs to State

TL/DR –

The Inflation Reduction Act, implemented 18 months ago, has stimulated over $1.3 billion investment in West Virginia, creating 850 jobs. Major companies, including Berkshire Hathaway Energy, Gestamp, Form Energy, and Solar Holler have established operations in the state; they are involved in projects such as solar-powered microgrids, electric vehicle parts, storage batteries, and solar-powering an entire school system. Nationally, the act has resulted in 305 projects in 41 states, representing over $123 billion in investment and the creation of more than 125,000 jobs.

The Inflation Reduction Act Fuels West Virginia Economy

Eighteen months following the enforcement of the Inflation Reduction Act, West Virginia has seen a significant rise in companies and job creation. The Act, which became law in 2022, was aimed at attracting clean energy manufacturing to traditional energy communities.

As reported by E2, a consortium of business leaders and investors, the Act has generated more than $1.3 billion in investment and created 850 jobs in the state. Notable companies involved include Berkshire Hathaway Energy, Gestamp, Form Energy, and Solar Holler.

Berkshire Hathaway Energy is establishing a solar-powered microgrid at the location of a previous aluminum plant in Ravenswood, while Gestamp is focused on the production of parts for electric vehicles at its South Charleston plant. Form Energy is in the process of constructing a battery storage plant in Weirton.

Solar Holler, on the other hand, is supplying the entire Wayne County school system with solar panels. Collectively, E2 has recorded a total of 305 projects triggered by the law in 41 states. These projects account for more than $123 billion in investment and over 125,000 jobs.

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