A Green Hydrogen Economy for All
The Green New Deal plan is designed to ensure every Angeleno has the ability to join the green economy by creating pipelines to well-paying, green jobs. Green hydrogen is a potential economic engine that can repurpose old jobs and create new ones.
By 2050, the the global green hydrogen industry is estimated to achieve $12 trillion for the utilities industry alone. California is poised to become a global export leader in green hydrogen, making the job and economic potential for Los Angeles limitless.
LA Basin is Ready for Green Hydrogen Power
The LA Basin contains a dense cluster of potential green hydrogen offtakers, renewable energy resources, and innovators who want to contribute to a clean energy future.
Although Los Angeles is the second largest city in the United States, only four transmission lines exist to bring energy into the city. When energy demand spikes, it is crucial to have reliable, in-basin power generation from existing power plants. We can affordably maintain in-basin generation and reach zero-carbon goals by converting existing natural-gas fired power plants to green hydrogen-powered ones.
LA Basin is Ready for Green Hydrogen Power
HyDeal North America is spearheaded by the Green Hydrogen Coalition and modeled after HyDeal Ambition, a similar project launched in 2020 in Europe that has been very successful. HyDeal Ambition was founded by GHC Board Member Thierry Lepercq.
HyDeal Ambition participants are aiming to produce 3.5 million tons of green hydrogen per year to users in the energy, industry, and mobility sectors at 1.50/kg before 2030.