North Carolina State Profile

Last Updated: 9/15/26 — Updated Monthly

STATE OF PLAY 

As of July 2026, North Carolina ranked 10th in the nation for clean energy deployment, with over 15 GW of operating clean energy capacity. The clean energy industry employs over 113,000 workers in the state, an increase of over 13% since 2020. North Carolina is also home to 120 planned or operating data centers, and the state’s utilities have projected that data centers could account for nearly 5% of total energy demand by 2030. Despite North Carolina’s strong clean energy economy, Trump and Republicans have threatened nearly 10,000 clean energy jobs, threatened the loss of 26 GW of new energy generation needed to meet rising demand, and led to energy costs increasing by nearly 18%.

Key 2026 Races
NC-SENNC-03NC-11

ENERGY BREAKDOWN

CLEAN ENERGY PROJECTS & JOBS

Clean Energy Projects Announced Since IRA Passage
Project SummaryProjected Jobs InvestmentProject Status
MetOx International Superconductor Manufacturing FacilityIn October 2024, MetOx announced it had been selected to receive $80 million in funding from the DOE to establish a manufacturing facility in the Southeastern U.S. MetOx’s Project Arch would be the first HTS wire production facility in the U.S., which will help integrate clean energy into the electric grid. The facility will create over 230 high-tech jobs in a coal community. In December 2024, MetOx announced the facility would be located in Chatham County. 333–Announced
Boviet Solar Manufacturing FacilityIn April 2024, Boviet Solar announced it would invest $294 million to establish its first North American production facility in Greenville. The project includes refitting an existing facility for solar module manufacturing, as well as the construction of a new factory on adjacent land for PV cell manufacturing. The project is expected to add  $2.9 billion to the state’s economy over the next 12 years. Boviet officials repeatedly cited a desire to bring “Made in America” products to market when announcing the facility, and Manufacturing Dive noted the investment bolstered North Carolina’s reputation as a solar hub.908$294 millionAnnounced
Forge Battery Battery Manufacturing PlantIn November 2023, Forge Nano Inc. announced it would invest $165 million to build a lithium-ion battery manufacturing plant in Morrisville. In September 2024, Forge Nano was selected for award negotiations for up to $100 million in grant funding from the DOE. The grant was funded by the BIL. Thanks to the grant funding, Forge Battery planned to expand production capacity at the factory to 3 GW.830$65 millionAnnounced
Siemens Electrification and Automation Headquarters ExpansionIn September 2024, Siemens announced a $36 million investment to expand its Wendell Electrification and Automation U.S. headquarters. The expansion added a customer experience center, workforce training classrooms, and manufacturing capacity for medium- and low-voltage power distribution and switchgear technologies. Siemens credited the decision to expand transmission infrastructure manufacturing at the facility to government funding opportunities. 200$36 millionAnnounced
Siemens Energy Wake County ExpansionSiemens Energy announced it would add 84 jobs at its Raleigh facility as part of the company’s larger investment in electrical grid engineering in the state. A spokesperson for Siemens said the IRA “influenced the decision” to expand transformer manufacturing by creating a market where “expansion was possible.”84–Announced
Sunlight Batteries USA North Carolina Manufacturing PlantIn September 2022, Sunlight Batteries announced a $40 million investment to open a battery manufacturing plant in Mebane. 133$40 millionUnder Construction
Ionna EV Charger Manufacturing FacilityIn June 2024, Ionna announced that it had selected Durham County as its headquarters. Ionna is an EV charging joint venture that was founded by the BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis. The company will invest $10 million to establish the headquarters, which will develop the hardware and software to run an EV charging network with over 30,000 charge points. 203$10 millionAnnounced
Kempower EV Charging Manufacturing PlantIn February 2023, Kempower announced a $41 million investment in a new EV charging station factory in Durham. 300$41 millionOperational
Toyota Tsusho Winston-SalemIn October 2024, Toyota Tsusho purchased a warehouse in Winston-Salem that would be used to support Toyota’s battery park in Liberty. Toyota Tsusho was expected to manufacture recycling and waste-handling solutions for Toyota’s battery plant at the facility. 39$13.77 millionAnnounced
John Deere Battery and Charger Manufacturing FacilityIn August 2023, Deere & Company announced a $69 million investment to build a battery and charger manufacturing facility in Kernersville. The facility will produce battery packs and chargers for off-highway equipment.50$69 millionAnnounced
Autel Energy EV Chargers Manufacturing PlantIn March 2023, Autel announced it would open an EV charger manufacturing plant in Greensboro. The facility will produce up to 5,000 EV chargers per year. 400$40 millionOperational
Dai Nippon Printing Co. Lithium-Ion Battery Pouch Manufacturing FacilityIn November 2023, Dai Nippon Printing Co. announced it would invest $233 million to build a lithium-ion battery pouch manufacturing facility in Linwood.352$233 millionAnnounced
Pennsylvania Transformer Technology Raeford Manufacturing FacilityIn February 2025, Pennsylvania Transformer Technology announced plans to expand its Raeford operations. Pennsylvania Transformer manufactured power and distribution transformers for renewable energy, electric utility, municipal power, and industrial markets. 217$102 millionAnnounced
Fujihatsu & Toyotsu Battery Components EV Battery Manufacturing FacilityIn February 2024, Fujihatsu Tech America, Inc., and Toyota Tsusho America, Inc. announced a $60 million investment to open an EV battery case manufacturing facility in Liberty.133$60 millionAnnounced
Green Metal EV Battery Recycling FacilityIn June 2024, Green Metals Incorporated (GMI) announced that it would open an EV battery recycling facility in Liberty to support the nearby Toyota Battery Manufacturing facility. 47$19.8 millionAnnounced
Toyota Battery Manufacturing North Carolina August 2022 ExpansionIn December 2021, Toyota first announced it selected North Carolina for its new EV battery plant. In August 2022, after the passage of the IRA, Toyota announced it would increase its investment by $2.5 billion, creating an additional 350 jobs on top of the initially announced 1,750 jobs. 350$3.8 billionUnder construction
Toyota Battery Manufacturing North Carolina October 2023 ExpansionIn October 2023, Toyota announced an $8 billion expansion of its North Carolina Battery Plant, which is currently under construction, which will support a further 3,000 jobs. The expansion brings the total investment to $13.9 billion and new jobs to more than 5,000 while supporting Toyota’s vehicle electrification goals. 3,000$8 billionUnder Construction
Toyota Tsusho Battery WarehouseIn December 2023, Toyota Tsusho announced it would invest $7 million to open an offsite warehouse in Liberty to support the nearby Toyota Battery Manufacturing North Carolina production site. 41$7 millionAnnounced
Kings Mountain Lithium Materials PlantIn October 2022, Albermarle received a $150 million grant funded by the Bipartisan Infrastructure Law for its Kings Mountain Lithium Materials Processing Plant. Albermarle’s cost share for the project is $225 million, and the project is expected to create over 200 full time, highly skilled jobs. Albermarle said the Kings Mountain project would also help meet the Inflation Reduction Act’s goals for creating a domestic EV supply chain by providing U.S. based commercial scale lithium. Albemarle unveiled the site plan for the Kings Mountain mine in June 2024 and submitted applications for state and federal permits in September 2024.200$124.01 millionAnnounced
Lawndale RecyclingIn December 2023, Quantum Power announced it would invest $19 million to open a facility for its Lawndale Recycling division in Lawndale. Quantum Power converts industrial byproducts into renewable energy. Quantum Power’s President highlighted that the company was revitalizing a shuttered textile operation and bringing the space “back to life.”100$19 millionAnnounced
Livent Lithium Hydroxide FacilityIn November 2022, Livent announced plans to expand its Bessemer City Plant and increase lithium hydroxide production. The expansion planned to take advantage of incentives for domestic lithium production in the IRA. In November 2023, U.S. Treasury Secretary Janet Yellen visited the plant and highlighted the importance of the IRA for its capacity expansion.30–Operational
DEHN U.S. HeadquartersIn January 2024, DEHN, an electrical engineering and manufacturing company focused on e-mobility and renewable energy, announced it would invest $38.6 million to open its new U.S. headquarters in Mooresville. 195$38.6 millionOperational
Cummins-Meritor EV Components Manufacturing ExpansionIn September 2022, Cummins-Meritor announced a $17 million investment to expand its Fletcher facility for electric vehicle axle production. 40$17 millionAnnounced
Paradigm Energy and Storage HeadquartersIn February 2025, Paradigm Energy and Storage announced it would establish its headquarters in Burnsville. Paradigm Energy and Storage provides solar energy production, battery storage, and renewable energy transit solutions. The company planned to invest $175 million in the new facility, which was expected to bring 150 jobs to the region, which was hard hit by Hurricane Helene in the fall of 2024.150$175 millionAnnounced
Green New Energy Materials Battery Separator Manufacturing FacilityIn May 2024, Green New Energy Materials, Inc., announced plans to invest $140 million in a new lithium-ion battery separator manufacturing facility in Denver, its first in the U.S. The facility, which received a grant from the state, is estimated to grow the state’s economy by $1.15 billion, returning $2.05 in state revenue for every public dollar spent. Green New Energy Materials develops and manufactures battery components used in EVs and energy storage, and counts LG and Samsung as partners545$140 millionAnnounced
Atom Power May 2023 ExpansionIn May 2023, Atom Power announced a $4.2 million investment to expand its headquarters and manufacturing operations in Huntersville. Atom Power manufactures advanced EV charging solutions. The expansion was projected to grow North Carolina’s economy by over $800 million.205$4.2 millionAnnounced
Atom Power ExpansionIn August 2022, Atom Power received a $100 million investment from SK Energy to expand its EV charging workforce. 170$100 millionAnnounced
Alpitronic HeadquartersIn May 2023. Alpitronic, a leading EV charger manufacturer, announced it selected Charlotte as its North American headquarters. 300$9.3 millionOperational
Celgard Battery Separator Manufacturing Facility ExpansionIn October 2023, Celgard announced an expansion of its Charlotte manufacturing site. The expansion was expected to create 100 new jobs manufacturing lithium-ion battery separators used for vehicle electrification.100–Announced
Siemens Energy Mecklenburg County ExpansionIn February 2024, Siemens Energy announced plans to invest $149.8 million to build large power transformers in Mecklenburg County. Siemens said the IRA “influenced the decision” to expand transformer manufacturing by creating a market where “expansion was possible.”475$149.8 millionAnnounced
ABB Voltage Grid Components ExpansionIn September 2025, ABB announced plans to expand its Pinetops, North Carolina, manufacturing facility. The $35 million investment would expand voltage grid component manufacturing at the facility. The expansion was expected to support 49 new jobs once opened in 2026.49$35 millionAnnounced

Additional projects threatened or canceled in the state due to threats to clean energy:

Additional Threatened Or Canceled Clean Energy Projects
Project SummaryProjected Job LossProjected Investment LossProject Status
Piedmont Lithium Sold Land Where It Planned To Build A Lithium Processing FacilityIn July 2025, Piedmont Lithium was looking to sell land in Kings Mountain that was intended to house a lithium processing facility for its planned Carolina Lithium mining project in Gaston County. Piedmont Lithium said shifts in the lithium market caused the company to drop the site from its long-term planning.––Canceled
Atom Power Laid Off Staff Following Funding LossIn May 2025, Atom Power shared that its staff headcount was down nearly 70 staff from 2024. Atom Power, an EV charging equipment company, lost over $100 million in funding. The company’s co-CEO, Denis Kouroussis, said that it is trying to “keep the lights on,” and said that its previous goal of adding 205 jobs in 2026 was “a little bit aggressive” as the company was shifting to financial discipline. Kouroussis attributed the financial changes to a slowdown in the EV market.70$100 millionLayoffs
Natron Energy Canceled Planned Battery Manufacturing FacilityIn September 2025, Natron Energy announced it was shutting down. The company would no longer open or operate its planned battery manufacturing facility in Edgecombe County which it froze in July 2025. The facility was delayed because Natron needed more clarity about how it would finance the facility, and the company’s investors had halted payments. Natron faced troubles due to tariff headwinds and expanded “foreign entity of concern” restrictions in the OBBBA. 1,062$1.4 billionCanceled
Solar Company Blue Ridge Power Laid Off 517 Workers And Planned To End Its BusinessIn September 2025, Blue Ridge Power, a solar engineering and procurement company, announced it would lay off 517 workers in Asheville and Fayetteville as it closes its business. The company is a unit of Pine Gate Renewables and serves as Pine Gate’s engineering, procurement, and construction company. The company attributed the closure to “market headwinds similar to those impacting the entire renewable energy industry,” including the repeal of clean energy tax incentives and anti-clean energy federal regulations. Earlier in September 2025, Pine Gate Renewables was consulting its advisers regarding its liquidity challenges caused by the Trump administration’s anti-clean energy policies.517–Layoffs
Thermochem Recovery International Grant For Biorefinery Improvements CanceledIn October 2025, Thermochem Recovery International’s grant to support improved feeding and residual solids recovery for integrated biorefineries was canceled. The $1.7 million grant was expected to support data analysis, computer modeling, laboratory research and development, and a pilot-scale demonstration of the company’s biofuel production system. The project activities were expected to occur in Durham.–$1.7 millionGrant Cancellation
Saueressig North America’s Grant For Flexible Graphite CanceledIn October 2025, Saueressig North America’s federal grant for flexible graphite production was canceled by the Trump administration. The company had been awarded $9.4 million from the DOE and was expected to receive an additional $4.4 million in non-federal funding.–$13.8 millionGrant Cancellation
Pine Gate Renewables Filed For Chapter 11 BankruptcyIn November 2025, Pine Gate Renewables announced it had initiated Chapter 11 bankruptcy proceedings. The Asheville-based renewable energy company planned to sell its assets and operations, including over 30 gigawatts of solar power that the company is currently developing. Pine Gate Renewables laid off 223 employees in Asheville, North Carolina, as part of its bankruptcy proceedings. The bankruptcy filing was linked to the OBBBA’s repeal of clean energy tax credits and the Trump administration’s opposition to the clean energy industry.223–Layoffs
Epsilon Advanced Materials Delayed Its North Carolina Battery Materials Manufacturing Facility Because Of The OBBBAIn January 2026, Epsilon Advanced Materials announced a further delay of its planned North Carolina battery materials facility. The company had planned to break ground on the facility in 2024 when it first announced plans to open the factory in 2023, but has since delayed groundbreaking until the second half of 2026. 500$650 millionDelayed
Boyd Corporation Closed Its Monroe PlantIn February 2026, Boyd Corporation closed its Monroe plant. As a result, all 63 employees will be laid off in April 2026. Boyd manufactured nameplates and warning labels at the facility, which were used in the company’s next-generation EV battery technologies.63–Layoffs
VinFast Cut Expected Employment At Its North Carolina EV FactoryIn March 2026, VinFast announced that its planned EV manufacturing facility in Chatham County, North Carolina, would only create 1,400 jobs. When first announced, the factory was expected to support 7,500 jobs, a cut of 6,100 jobs from the planned total. Press linked the smaller footprint of the facility to falling demand for EVs in the U.S. following the repeal of EV tax credits. VinFast plans to resume construction of the factory next month and start production in 2028.6,100–Canceled
TotalEnergies Canceled Carolina Long Bay WindIn March 2026, TotalEnergies accepted a $1 billion buyout from the Trump administration to cancel development of the Carolina Long Bay wind project, which was located off the coast of Bald Head Island, North Carolina. TotalEnergies pledged to invest in natural gas in Texas as part of the agreement. Carolina Long Bay was expected to generate over 1 gigawatt of electricity, enough to power 300,000 homes.––Canceled
Duke Energy Canceled Its Carolina Long Bay Offshore Wind LeaseIn June 2026, Duke Energy agreed to terminate its offshore wind lease in the Carolina Long Bay area, located roughly 22 miles off the coast of Bald Head Island in Brunswick County, in exchange for a $129 million reimbursement from the Trump administration. Duke paid $155 million for the lease in 2022. The project was expected to generate up to 1.6 gigawatts of electricity, enough to power nearly 375,000 homes. Interior Secretary Doug Burgum claimed the lease posed a “national security concern,” part of the Trump administration’s push to end offshore wind development. Southeastern Wind Coalition President Katharine Kollins called the cancellation a missed opportunity, saying, “We are disappointed to see another offshore wind farm opportunity taken off the table for North Carolina. At a time when electricity demand is surging and grid reliability is under increasing strain, we need to add energy options, not remove them.”–$155 millionCanceled

Other projects in the state, started before the Inflation Reduction Act:

Project or Company NameProject DetailsProject Status
Hubbell – Rocky MountHubbell’s Rocky Mount, North Carolina, facility employs 100 people and specializes in HPED injection molding and LDPE rotational molding. Hubbell’s products are used for power generation, distribution, and transmission. Operating
Hubbell – GoldsboroHubbell’s Goldsboro, North Carolina, facility employs 40 people and manufactures apparatus bushings, insulators, and specialty epoxy-molded products. Hubbell’s products are used for power generation, distribution, and transmission. Operating
GAF GAF’s Burgaw, North Carolina, facility has been operating since 1994 and employs around 250 people. The plant manufactures power vents and rooftop accessories. Operating
Chemours Chemour’s Fayetteville Works facility supports over 550 jobs and manufactures materials used for advanced electronics and clean energy. Operating
SiemensSiemens’ Wendell, North Carolina, facility has been operating since the early 1980s and is the US headquarters for Siemens Electrification and Automation. The facility produces medium-voltage switchgear and circuit breakers, low-voltage motor control centers and switchboards, and replacement circuit breakers for switchgear modernization.Operating
Imerys Performance Minerals Imerys has a manufacturing plant in Youngsville, North Carolina. Imerys manufactures materials used for batteries and fuel cells. Operating
Eaton Eaton’s Raleigh, North Carolina, facility manufactures power distribution units, software, and connectivity solutions used for electric vehicles and EV charging, energy storage systems, and other power systems. Operating
VinFast In March 2022, VinFast announced it would establish a manufacturing facility in Chatham County’s Triangle Innovation Point. The facility planned to manufacture electric vehicles and was expected to create 7,500 jobs. Announced
Phase Change Energy Solutions Phase Change Energy Solutions’ Asheboro, North Carolina, facility manufactures thermal products used in green building designs. Operating
The Timken Company Timken’s Randleman, North Carolina, facility manufactures products used in wind turbines. Operating
Thomas Built Thomas Built was founded in 1916 in High Point, North Carolina, and began manufacturing all-electric school buses in 2017. Operating
Soelect, Inc. Soelect was founded in Greensboro, North Carolina, in 2018 and manufactures battery products. Operating
TE Connectivity TE Connectivity operates a manufacturing facility in Greensboro, North Carolina. The company manufactures products used for batteries and energy storage. Operating
Carolina Perlite Company, Inc. Carolina Perlite Company is based in Gold Hill, North Carolina, and produces perlite aggregates for horticulture, construction, and industry. Operating
Henkel US Operations Corporation – SalisburyHenkel’s Salisbury, North Carolina, manufacturing facility employs around 225 people and produces adhesive products used in the electronics industry. Operating
Celgard Celgard’s manufacturing facility in Concord, North Carolina, manufactures products used for electric vehicles and energy storage systems. Operating
Southwire Southwire has a manufacturing plant in Huntersville, North Carolina. The company manufactures wires and cables used in solar and wind power, battery energy storage systems, and electric vehicles.  Operating
Aderis Energy Aderis Energy’s Cornelius, North Carolina, facility manufactures clean energy monitoring systems for commercial and utility-scale generation sites for solar, wind, EV charging, energy storage, and more. Operating
DCE Solar DCE Solar is based in Cornelius, North Carolina, and manufactures solar racking solutions for commercial and utility-scale projects. Operating
Hays Fluid Controls Hays is headquartered in Dallas, North Carolina, and manufactures flow controls and hydronic balancing solutions. Operating
Piedmont Lithium Limited In 2017, WCP Resources Limited announced it planned to begin drilling for lithium at a property in Bessemer City, North Carolina, for use in the electric vehicle and battery storage markets. Announced
Henkel US Operations Corporation – LincolntonHenkel operates a manufacturing facility in Lincolnton, North Carolina. The company manufactures materials used in the solar industry. Operating
Carolina Nonwovens Carolina Nonwoven’s Maiden, North Carolina, facility manufactures insulation products. Operating
Carpenter Carpenter’s Conover, North Carolina, facility manufactures Expanded Polystyrene Systems used for energy-efficient buildings. Operating
American Roller Bearing Company – MorgantonAmerican Roller Bearing Company’s Morganton, North Carolina, facility manufactures bearings used in wind turbines and hydroelectric dams.Operating
Carolina Precision Fibers Carolina Precision Fibers is based in Ronda, North Carolina, and manufactures insulation, hydromulch, and industrial asphalt fiber products. Operating
NCFI Polyurethanes NCFI’s headquarters are in Mount Airy, North Carolina. The company manufactures technical spray foams and had 60 employees as of 2024.  Operating
Quanex Quanex has a manufacturing facility in Granite Falls, North Carolina. The company manufactures solar panel sealants. Operating
Saft America, Inc. Saft America’s Valdese, North Carolina, facility manufactures batteries. Operating
SGL Carbon SGL Carbon’s Morganton, North Carolina, facility manufactures graphite materials used for energy storage systems. Operating
Polypore Polypore’s headquarters are based in Charlotte, North Carolina. The company manufactures microporous membrane products used for electric vehicles and energy storage systems. Operating
Weil-McLainWeil-McLain has a manufacturing facility in Eden, North Carolina. The company manufactures boilers. Operating
Atom PowerAtom Power, founded in 2014, manufactures EV charging stations. The company’s headquarters is in Huntersville, North Carolina. Operating
Livent LithiumLivent Lithium’s facility in Bessemer City, North Carolina, manufactures materials used in the electric vehicle industry. Operating
Greenheck Fan CorporationGreenheck Fan Corporation’s manufacturing plant in Kings Mountain, North Carolina, manufactures commercial kitchen hoods and tempered air products, including make-up air units and energy recovery ventilators.Operating

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