Under the contract, $4m will be invested to retrofit an existing hull.
The 1,400-horsepower New York Hornblower Hybrid will run on a combination of energy generated by Tier 2 diesel engines, hydrogen fuel cells, solar panels and wind turbines.
Power will come from a proton exchange membrane fuel cell that turns hydrogen into electricity, while solar panels and wind turbines will help power the vessel.
On completion, the 600-passenger vessel will feature an outdoor sundeck and two spacious interior decks.
Eco-friendly materials will be incorporated throughout the vessel as part of an EPA-funded project taking place in its San Diego port.
Statue Cruises is a subsidiary of Hornblower Cruises & Events.