Developing clean industry in North America
Clean industrial hubs are crucial to the industrial transformation and accelerating projects to final investment decision (FID). Between 2022 and 2024 we ran programmes in two globally connected industrial hubs in the Gulf Coast and California.
Mission Possible Partnership in partnership with the Bezos Earth Fund, RMI and local partners including the Houston Energy Transition Initiative and the Port of Los Angeles worked to uncover barriers to investment and fostered collaborations among key players leading to an acceleration in project development.
Clean industrial hubs bring together project developers, policy makers, financial institutions and community based organisations to support regional clusters of energy-intensive industries transforming to become clean industries.
California is a national leader in climate action with state mandates to achieve net zero emissions by 2045. Yet, California is the third largest industrial emitter in the United States, driven by the state’s refineries, heavy duty trucks, airports, and ports.
Investments to build new clean facilities and vehicles will reduce pollution and help the state of California reach its climate policy targets while creating a clean economy workers and local residents. State analysis has shown that climate-aligned investments can directly support more than 19,000 jobs, demonstrating the potential of clean industry to spur economic growth in the region.
The potential is so big – if we can build the market together – everybody wins.
Dr Joshuah Stolaroff
Mote Co-Founder and Chief Executive Officer
Texas has the largest industrial and energy economy in the United States, with nearly a third of the USA’s refining and petrochemical processing capacity, but it is also making strides to become a clean energy leader, with wind and solar production growing significantly an experienced workforce and a business-driven policy environment.
By capitalising on its successful leadership in the energy sector, coupled with its hydrogen and renewable power assets along with a thriving climate tech startup ecosystem, Texas can pioneer groundbreaking solutions and technologies that will enable it to lead the charge on clean industry.
Places like Houston, Texas, where the physical, social, regulatory and economic infrastructure is in place can support the rapid scale up of clean industrial hubs and has the potential to create 21,000 jobs annually.
USA and Canada programmes | further reading
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