NEW ORLEANS — City and state economic development officials are celebrating a big win today that will have implications for the future of the state’s energy industry. The U.S. Economic Development Administration has awarded a $50 million federal grant to H2theFuture, a 25-organization partnership that plans to develop a new offshore wind-powered hydrogen energy industry cluster in south Louisiana.
The proposal – led by nonprofit business booster Greater New Orleans Inc. – is one of only 21 winners out of more than 500 entries in the EDA’s Build Back Better Challenge. GNO Inc. said the plan “creates a roadmap for decarbonizing Louisiana’s manufacturing sector while creating new energy jobs.”
In simplified scientific terminology, the group’s goal is to produce “green hydrogen” by splitting water with electrolyzers powered by renewable electricity,…
Louisiana Clean Hydrogen Plan Wins $50M Federal Grant
