HyDeal Los Angeles (LA) is an initiative to create the first scaled hub for green hydrogen in North America, delivering green hydrogen at under $2/kg by 2030, consistent with the $1/kg DOE Hydrogen Earthshot production goal. The initiative brings together the entire value chain across the LA Basin, including production, transport, storage, and multi-sectoral aggregated offtake. The HyDeal LA green hydrogen hub will require an investment of $27bn over ten years.
HyDeal LA is part of HyDeal North America, a commercialization platform launched by the Green Hydrogen Coalition, which is dedicated to deploying green hydrogen at scale for multi-sectoral decarbonization.
HyDeal LA is modeled after HyDeal Ambition, a similar project in Europe committed to producing and purchasing 3.6 million tons of green hydrogen per year for the energy, industry, and mobility sectors at €1.5/kilogram (kg) before 2030.
In addition to LADWP, HyDeal LA leaders include 174 Power Global, Mitsubishi Power, and SoCalGas. Key implementation partners include Clifford Chance, Corporate Value Associates (CVA), Cranmore Partners, Energeia, Marathon Capital, Sheppard Mullin, and Strategen. Phase 1 of HyDeal LA will architect the high value competitive supply chain necessary to achieve $1.50/kg delivered green hydrogen in the LA Basin, and achieve in-principle agreement on the necessary terms and conditionsto achieve production, storage, transport and delivery of green hydrogen at scale—all of which will be required to establish the green hydrogen ecosystem and economy in Los Angeles.