Inflation Reduction Act bill paves way for further boom in US CleanTech
US CleanTech has been bolstered by the $369 billion investment as a consequence of the recent Inflation Reduction Act bill. According to CNBC, the bill provides $27 billion for a clean energy accelerator to support technologies which reduce emissions, with an additional $2 billion to support energy research in government labs. This is on top of more accessible clean energy tax credits and extending them by 10 years.
This will further fan the war for awesome talent to bring clean energy solutions to market.
From the latest LinkedIn data, Houston, New York, San Francisco, Boston and Chicago are where the action is most fierce. Some 400 live roles with only 3k professionals working in those cities today.
Here are the top 5 hidden gem locations where hiring demand is not so competitive
Top 5 North American hidden gems for Carbon Capture talent
(LinkedIn, November 2022)
With nearly 700 professionals in this location and relatively few job openings, this is our number one hidden gem. It’s gigatonne carbon capture projects that often get the headlines. However, Calgary-based start-up Carbinix are doubling down on the concept of “clean” and turning CO2 emissions into soap.
2) Washington DC
Home to 500 talents alongside the Carbon Business Council. The group of more than 40 companies have set up shop in the nation’s capital in an effort to give smaller CDR start-ups leverage over the policies that could control their fate.
The 250+ potential candidates will have heard about a first of it’s kind project in Colorado that will bury 350,000 tons of CO2, from the corn-ethanol production process. With tax credits of up to $85 per ton removed and stored underground, it’s easy to see why these collaborations are sprouting up.
4) Los Angeles
The largest city in California will be key to achieving aggressive CO2 reduction plans, including carbon neutrality by 2045, recently announced by the state. Governor Gavin Newsom is seeking to work with the Legislature to enshrine carbon neutrality into state law. The 200+ carbon capture professionals today will expect demand for their skills to rise rapidly in this location.
Is where you find another 200+ professionals and relatively few job openings. The inaugural Global Clean Energy Action Forum hosted here brought together 30 countries to hyper-focus on reaping the rewards of a clean energy market that will exceed $23 trillion by the end of this decade. Talent was of course a primary sub-theme within the forum agenda.