TheFiscalFinder
Single award · grant

Funding Under the Inflation Reduction Act (Ira) to Seastreak, LLC

A single federal award, with both ends of the trail linked.
$55M
total award value
2025
action date
47 mo
period
96274425
FAIN

Description

Description:the Purpose of This Award Is to Provide Funding Under the Inflation Reduction Act (Ira) to Seastreak, Llc. Specifically, the Recipient Will Improve Air Quality and Reduce Pollution at Near-Port Communities in Monmouth County, NJ and in the Surrounding Area Through the Deployment of Zero-Emission (Ze) Ferries and Charging Infrastructure at the Port. Activities:the Activities Include the Purchase and Deployment of High-Speed Zero-Emission Ferries, Installation of Charging Infrastructure Systems with Integrated Battery Energy Storage Systems, and Near-Port Community Engagement and Workforce Development. Subrecipient:subawards May Be Developed to Implement Community Outreach, Educational Development, Workforce Training, and Technology Awareness. Outcomes:the Anticipated Deliverables Include the Purchase and Deployment of Zero-Emission Ferries, High-Speed DC Vessel Shore Power Charging Infrastructure Systems, and Battery Energy Storage Systems. Other Deliverables Include Conducting Workforce Training, Community Engagement, and Educational Programming on Zero-Emission Technology. The Expected Outcomes Include Reduced Carbon Dioxide (CO2), Nitrogen Oxides (Nox), Particulate Matter 2.5 (PM2.5), Carbon Monoxide (CO), Hydrocarbons (Hc), Black Carbon, and Carbon Dioxide Equivalent (CO2E) Emissions; Reduced Reliance on Diesel Fueled Ferries; Improved Air Quality in Local Communities; Establishment of Charging Infrastructure to Accommodate Future Deployment of Ze Technologies; Delivery of New Skills and Capabilities to the Workforce; and Increased Access to High-Quality Job Opportunities for Near-Port Communities. The Intended Beneficiaries Include Communities Surrounding the Ports in Northern New Jersey and Southern New York City; Local Educational Institutions Who Can Integrate the Maritime Zero Emission Technology Into Their Curriculum; and Ze Technology Industry Groups Who Can Learn from This Project.

RecipientOutside our Phase 1 contractor set: see methodology
Place of performanceNew Jersey
Category
Competed?Not recorded✓ from source
Total (exact)$54,954,000

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Why the labels? The graph is only worth anything if the links are trusted. Facts taken straight from a federal filing are ✓ from source; anything we compute or infer (corporate parents, districts, competitors) is ≈ inferred and worded carefully, never asserted as fact.