Share
Industrial electrification represents a major opportunity to strengthen American manufacturing, support economic growth, and reduce manufacturers’ exposure to volatile fuel costs.
A new report from the Renewable Thermal Collaborative and the Industrial Heat Pump Alliance, produced by Greenline Insights, examines the economic opportunity associated with scaling industrial electrification in U.S. industry. The analysis looks at how accelerated deployment and domestic manufacturing of clean heat technologies could support investment, jobs, GDP growth, and broader economic benefits.
The report finds that over the next decade, scaling industrial electrification could support:
- $254 billion in investment across deployment and manufacturing
- $185 billion in GDP growth
- $471 billion in total economic output
- 1.66 million jobs
The report also explores how these opportunities vary across states and regions, identifying where industrial electrification can create new demand for clean heat technologies, strengthen domestic manufacturing, support workforce development, and help advance industrial competitiveness.
Realizing this opportunity will require more than technology readiness. Electricity rate design, grid planning, financing, technical assistance, workforce development, and domestic supply chain strategies will all shape whether manufacturers can move from technical potential to real-world projects.
Download the report
Access the full report, executive summary, and state factsheets.