Itochu Invests in U.S. Hydrogen Aircraft Engine Maker ZeroAvia
Published by Todd Bush on July 10, 2024
TOKYO -- Japanese trading group Itochu said Tuesday that it has invested in ZeroAvia, a California-based manufacturer of hydrogen-electric engines for aircraft.
Itochu will serve as ZeroAvia's distributor in Asia under the deal. The two sides also plan joint development of infrastructure for supplying hydrogen fuel at airports.
The announcement did not disclose the amount of the investment.
Itochu, making its first investment in a developer of hydrogen engines for aircraft, will tap its network in the aviation industry. The Itochu group includes Japan Aerospace, which is involved in aircraft sales, and Jamco, a manufacturer of materials for aircraft interiors.
>> In Other News: Plug Completes 13 Hydrogen Refueling Station Deployments Over Last Two Years in Europe
Fuel cells generate electricity through chemical reactions between hydrogen and oxygen. ZeroAvia conducted a successful test flight with a 19-seat aircraft in January 2023.
ZeroAvia aims to obtain certification for engines used in aircraft serving 40-80 passengers by 2027, and later for 200-seat aircraft. The company has received preorders from major airlines for almost 2,000 engines.
ZeroAvia is collaborating with aircraft manufacturers such as Airbus, as well as with energy companies and airports.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
The CO₂ Pipeline Everyone Said Couldn’t Happen
Inside This Issue 🛠️ Tallgrass Found the CO2 Pipeline Formula Others Missed 🚂 HyOrc & Zeltech Advance Practical Locomotive Retrofit Pathway as U.S. Rail Emissions Face Growing Scrutiny 💰 Secre...
-
How 45Q Credits Revived This Troubled $9B Megaproject
Inside This Issue 💰 How 45Q Credits Revived This Troubled $9B Megaproject 🍁 Commencement of First Phase Operations for a Carbon Capture and Storage (CCS) Project in Canada 🤝 Haffner Energy Secures...
-
The Deal Structure Everyone's About to Copy
Inside This Issue 💼 The Deal Structure Everyone's About to Copy 📈 Exxonmobil Raises Its 2030 Plan – Transformation Delivering Higher Earnings, Stronger Cash Flow, and Greater Returns ⚡ Nextera Wor...
Company Announcements
-
Green Plains Enters into Agreement with Freepoint Commodities to Monetize 45Z Tax Credits
Vinson & Elkins represented Green Plains Renewable Energy (GPRE) in the sale of 2025 45Z credits generated from several of its ethanol facilities and the negotiation of a term sheet for an addi...
-
Lummus Technology and Advanced Ionics Break Ground on Green Hydrogen Pilot Plant
HOUSTON, Dec. 15, 2025 /PRNewswire/ -- Lummus Technology, LLC, a global provider of process technologies and value-driven energy solutions, and Advanced Ionics, a low-cost green hydrogen technology...
-
Carbon Streaming Announces Amendment to Azuero Reforestation Carbon Removal Stream
TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) ("Carbon Streaming" or the "Company") today announced amendments to the terms of th...
-
Vema Hydrogen to Deliver Clean Hydrogen for California Data Centers to Meet Surging Energy Demand
SACRAMENTO, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Today, Vema Hydrogen, developer of a disruptive sustainable hydrogen production technology - Engineered Mineral Hydrogen (EMH) - announced that...