In February, the number of clean investments remained relatively steady and net positive, following a larger investment month in January. Investment spanned many sectors, including transmission and grid infrastructure, minerals, and electric vehicles.

Please find updates from the Clean Economy Tracker for the month of February below!

For more information or assistance, please contact [email protected].

February 2026

There were five new clean economy investment announcements in February.

They add up to

• $2.4 billion and

• 2.030 new announced jobs across

• Four states: Mississippi, North Carolina South Carolina, and Texas.

There were also $27.9 million in canceled investments and 100 retracted jobs in February after Cummins, a powertrain equipment manufacturer, announced it would stop production of hydrogen electrolyzers.

2026 Announcements

In total in 2026 so far there have been:

• $9.3 billion new investments, representing 3,270 jobs

• $648 million in canceled and retracted investments, representing 450 jobs

States leading between September 2025 and February 2026

Announced Investments:

Tennessee leads all other states with the highest total newly announced investment, at $8.5 billion, followed by Georgia ($2.8billion) and Ohio ($1.6billion).

Announced Jobs:

South Carolina has led the last six months with the most newly announced manufacturing jobs, totaling 2,680, with Texas (2,450), and Tennessee (1,760) following.

Investment Announcements

New Facility Announcements

Mississippi “Global energy technology company Siemens Energy plans to establish operations in Pearl, Mississippi. The up to $300 million project is expected to create approximately 300 jobs in Rankin County. The investment will include the construction of a new manufacturing facility, located at the West Rankin Industrial Park, which will produce electrical grid components.” Announcement, 2/4/2026

Texas “MP Materials Corp. announced it has selected a 120‑acre site in Northlake, Texas, to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus. MP expects to invest more than $1.25 billion in the project and create more than 1,500 direct manufacturing and engineering jobs at the site. Engineering and equipment procurement is well underway, with commissioning set to commence in 2028.” Announcement, 2/26/2026

New Updates and Expansions

South Carolina “The Scout factory currently under construction in South Carolina will now cost an estimated $3 billion, according to reporting new reporting from Handelsblatt. Scout said the original $2 billion was merely a “guaranteed minimum investment,” a company spokesperson told the outlet. The company also said the construction still fits with Scout’s overall business plan.” Update, 2/3/2026

North Carolina “Siemens Energy announced that it would be investing $421 million to expand its’ operations in North Carolina. The expansions will occur at multiple locations, involve the manufacturing of energy infrastructure equipment, and are expected to create 500 new jobs statewide. The $421 million North Carolina investment is part of a larger, nationwide strategy by Siemens Energy to bolster domestic manufacturing of energy infrastructure equipment and strengthen the US power grid.” Expansion, 2/4/2026

North Carolina “Trench Group GmbH, a global leader in high-voltage power transmission components and systems, is fully on track with constructing its transformer bushing production facility in Charlotte, North Carolina. $60 million was invested to create up to 140 high-tech engineering and manufacturing jobs in Charlotte by 2030. Full production is scheduled to begin in July 2026. Update, 2/24/2026

About the data

The Clean Economy Tracker (CET) tracks private-led investments and jobs in clean energy manufacturing, deployment as well as related public statements by lawmakers serving in the U.S. Congress. Clean energy manufacturing and deployment covers production facilities for batteries, critical mineral production and processing, electric vehicles, heat pumps, hydrogen electrolyzers, transmission and grid materials, and zero-emissions electricity generation (including solar, wind and nuclear). The tool was developed by Atlas Public Policy and Utah State University and is updated at least weekly.

Note the data cover manufacturing only and are through September 31, 2025. The jobs reflect direct, permanent manufacturing jobs and do not include indirect or construction jobs. Jobs canceled refers to clean energy jobs canceled. Where production is moved to another facility, production at the original facility is marked as canceled and investment and jobs are marked as canceled. If and when investment and jobs numbers at the new facility are announced, they will be added to the database.

Get in touch: [email protected]