More than $110 billion in clean energy private investment has been sparked by the Biden administration’s aggressive aim of reducing economy-wide carbon emissions by 50–52% by 2030 and its significant investments in clean energy projects, according to the White House.
These initiatives have produced a multitude of advantages that have strengthened the U.S. supply chain as a whole. The Business Network for Offshore Wind states that there are around 20 industrial facilities and 10 shipyards in the developing domestic offshore wind supply chain.