A shipbuilder in Houma, La., will spend $624M to build cutting-edge vessels to map the ocean and create nautical charts for the federal government.
Two other companies, Syrah Technologies and Koura, will spend a collective $320M manufacturing materials for electric vehicle batteries in Vidalia and St. Gabriel.
A group of firms will spend $603M on a carbon capture project in southwest Louisiana.
All of it will be funded by the federal government as part of the $10.2B Louisiana was awarded through two massive infrastructure and climate laws passed since 2021, according to a new state report. Louisiana has received $10.2B for climate, infrastructure | News | nola.com
The money will provide a staggering windfall for Louisiana at a time when climate change has prompted the state to try and harden its infrastructure and transition some of its most important industries away from fossil fuels.
The report, released in November by Gov. John Bel Edwards, tracks more than 780 projects receiving funding from the bipartisan infrastructure law passed in 2021 and the Inflation Reduction Act passed in 2022. (NOLA.com 12/28/23)
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