The Massachusetts Clear Power Heart (MassCEC) revealed its “2023 Massachusetts Clear Power Business Report,” which highlights the state’s clear power trade development, being house to over 108,000 direct clear power staff. The state’s clear power trade has grown 80% since 2010, or roughly 48,176 jobs.
The trade contributed greater than $14 billion to the gross state product (GSP) in 2022, a 63% improve since 2012. It additionally reveals that 7,315 clear power companies exist throughout the state. When it comes to direct jobs, the clear power trade is on par with each the upper training and restaurant industries in Massachusetts but exceeds each industries’ financial contribution to oblique and induced jobs and GSP. The report signifies clear power employers have been estimating to rent roughly 5,900 extra staff in 2023.
“The options to the world’s local weather disaster are being inbuilt Massachusetts,” stated Rebecca Tepper, secretary of power and environmental affair. “Offshore wind, photo voltaic, storage and the numerous different corporations that assist renewable power are serving to Massachusetts turn into power unbiased. And with that comes 1000’s of profitable jobs and fulfilling profession paths for our residents.”
MassCEC’s 2023 report additionally discovered that 58% of fresh power companies are small companies (10 or fewer staff). Seventy-one % of fresh power staff are employed in power effectivity, demand administration and clear heating and cooling jobs.
“The clear power trade is prospering in Massachusetts and it’s vital that we proceed that development,” stated Governor Maura Healey. “It is a quickly evolving trade with many states competing for corporations by way of tax credit and state funding. The Mass Leads Act will assist us maintain our aggressive edge and lengthen our lead within the clear power and climatetech industries.”
“This report reveals that the clear power trade has roots in each nook of our state, from North Adams to New Bedford,” stated
Lieutenant Governor Driscoll. “Regional fairness is central to our plans for financial improvement. We need to see corporations huge and small arrange store throughout the state and know they’ve a stake in creating options to local weather change.”
This report additionally consists of information from the Massachusetts Clear Power Heart’s Workforce Wants Evaluation that projected that Massachusetts wants so as to add about 38,000 extra clear power staff to fulfill its 2030 local weather targets. Of these extra jobs, 82% are projected to be middle- to high-wage jobs with a median hourly wage of $36.58 (primarily based on right now’s greenback worth).
“This yr’s trade report confirms what we’re seeing on the bottom in communities throughout Massachusetts – the clear power trade is vibrant and thriving,” stated Emily Reichert, CEO of MassCEC. “These findings will encourage the work we have now forward as we try to make Massachusetts the local weather innovation lab for the world, create tens of 1000’s of excellent paying jobs, and obtain our local weather targets for 2030 and past.”
Information merchandise from the Massachusetts Clear Power Heart
