Optimism Is Warranted in the Power Industry in 2022 and Beyond While some sectors of the power industry are struggling to stay relevant, there are many more segments that are thriving. As new technologies are developed and perfected, there is more reason than ever for people in the power industry to be optimistic about the future.

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The Federal Government faces broad exposure to the mounting risks and costs already posed by the climate crisis.  In responding to this crisis, we have a once-in-a-generation economic opportunity to create and sustain jobs, including well-paying union jobs; support a just transition to a more sustainable economy for American workers; strengthen America’s communities; protect public health; and advance environmental justice. As the single largest land owner, energy consumer, and employer in the Nation, the Federal Government can catalyze private sector investment and expand the economy and American industry by transforming how we build, buy, and manage electricity, vehicles, buildings, and other operations to be clean and sustainable.

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In 2021, the renewable energy industry remained remarkably resilient. Rapid technology improvements and decreasing costs of renewable energy resources, along with the increased competitiveness of battery storage, have made renewables one of the most competitive energy sources in many areas. Despite suffering from supply chain constraints, increased shipping costs, and rising prices for key commodities, capacity installations remained at an all-time high. Wind and solar capacity additions of 13.8 GW in the first eight months of 2021 were up 28% over the same period in 2020. Many cities, states, and utilities set ambitious clean energy goals, increasing renewable portfolio standards and enacting energy storage procurement mandates.

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An Opportunity to Recover and Build Back Better” to share the findings of the 2021 U.S. Energy Employment Report (USEER). The study began in 2016 to better track and understand employment within key energy sectors. Today’s release marks the return of the report management to the agency, after being produced externally since 2017. Prior to the COVID-19 pandemic, the energy sector had been one of the country’s fastest growing job markets. From 2015 to 2019, the annual growth rate for energy employment in the United States was 3%—double compared to 1.5% in the general economy. In 2020, following wide-spread economic losses due to the pandemic, USEER analysis shows that by the end of the year, the energy sector was already rebounding—adding back 560,000 jobs.  

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Renewable energy jobs are booming across the U.S. and are forecast to keep growing - especially in the heart of coal country - creating new economic opportunities for communities and high-wage jobs for workers facing the coal-to-clean transition.

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