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So what happened with IEDC sponsorship to Andretti called ” Indiana is for the winners”?
Where can we get a refund?
And why does the IEDC awards to the Battery Innovation Center, who awards Andretti Petroleum..and the Battery Innovation Center the Hydrogen of Indiana (I know, it’s confusing, and it’s also called greenwashing.)
Indiana Hydrogen Ecosystem Initiative
PROJECT SUMMARY:
Over the last two years ESN has completed an extensive Indiana Hydrogen Ecosystem Report that details the economic, environmental, and innovation benefits of building out a hydrogen economy in Indiana. Hydrogen economy strategies and policies are becoming common place across the globe including in a number of US states (TX, OK, CA, etc.). Indiana has an opportunity to help shape and participate in this new energy marketplace drawing on some competitive advantages that exist in the state including a robust trucking and logistics industry and interstate highway network, large number of renewable energy developments (wind and solar) for green hydrogen production, access to an interstate ammonia pipeline, and a number of industrial use cases for hydrogen. Over the next two years ESN will lead the formation and begin the implementation of a hydrogen ecosystem pilot project
that will move Indiana into a position of strategic leadership in demonstrating and validating this high growth global market opportunity.
The pilot project will focus on the following objectives:
• Recruit and secure commitment from companies that want to part of an Indiana
Hydrogen Ecosystem program with the goal of developing a commercial scale green
hydrogen production facility (goal of ~50 MW electrolyzer co-located with a solar or wind
farm)
• Recruit and secure commitment from companies to develop small green ammonia plant
on site (hydrogen to anhydrous ammonia)
Hydrogen corridor with H2 fueling station sites located along a major route in Indiana.
Indiana Economic Development Corporation
21st Century Research & Technology Fund • Partnership with H2 fuel cell truck fleet pilots leveraging the Hydrogen corridor
• Identify what long term regulatory and policy tools are needed to support further
expansion of Indiana hydrogen marketplace
• Coordinate pursuit of federal funding through DOE Hydrogen Hub program in partnership
with IEDC, industry, and academia.
• Support Purdue research and analysis around the use of green hydrogen for industrial
thermal needs, aviation fuels, and to green fertilizer to reduce CO2 footprint of ethanol.
Proposed Partners
Green Hydrogen Production Site: Cf Industries, Duke Energy, Koch Nitrogen, NuStar Pipeline, Avina,
Hoosier Solar, Cummins, Itochu, BIC, Praxair
I-69 Hydrogen Corridor: Itochu, Toyota, Cummins, Avina, Andretti Group, BIC
https://secure.in.gov/apps/iedc/transparencyportal/viewtaxgrantloancontract/63d18e9c65b6ec11983e001dd804cef0
IEDC: Where is the $21M return?
Project ID Recipient Name City County Fund Type Contract Amount
423448 Andretti Formula E, LLC Indianapolis Marion BPI $1,000,000
424798 Andretti Formula E, LLC Indianapolis Boone IPF $550,000
423392 Andretti Autosport Holding Company, LLC Indianapolis Hamilto EDGE $14,000,000
423392 Andretti Autosport Holding Company, LLC Indianapolis Hamilton. SEF $125,000
423392 Andretti Autosport Holding Company, LLC Indianapolis Hamilton. RTC $5,000,000
In 2023 an employee from Andretti UK called Mark Haskins, called me at my home in Carmel to tell me that “if I wanted to have business in Indiana I needed to sponsor Andretti”.
Yup.
The British Andretti rep continued to share that “since Formula One is expensive and the State of Indiana cannot sponsor a Fomula One team, the IEDC came up with an INNOVATIVE way to pay for Andretti Formula One, by using sustainability grants via the Battery Innovation Center” and he added “BECAUSE SUSTAINABILITY GRANTS ARE UNLIMITED IN INDIANA”.
Andretti and the IEDC Battery Innovation Center had been selling our economy to benefit themsleves.