American manufacturing is experiencing a resurgence driven by growing support for locally made products, tax incentives and tariffs that encourage domestic production. Enverus Intelligence® Research’s recent report, Reshoring Revival – Powering U.S. Industry, explores the impact of this shift on the grid and assesses the nation’s ability to meet the rising demand for clean energy materials.
We project that manufacturing reshoring will account for less than 3% of our updated load forecast by 2050, with data centers and electrification driving the most significant growth. The manufacturing load is expected to steadily increase through 2050 as domestic adoption expands.
The impact of Inflation Reduction Act credits cannot be overstated. Alongside tariffs, these incentives helped establish cost parity for domestic chip manufacturing and created a favorable environment for battery production. However, wind blade and solar panel manufacturing remain more expensive than they are internationally, posing ongoing challenges for U.S.-based production.
Enverus Intelligence® Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. See additional disclosures here.
