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
-
725K Tons of CO2, No Pipeline Needed. Here's How.
Inside This Issue 🌽 Lapis Is Taking Ethanol CCS Off The Pipeline ✈️ Axens Signs Memorandum Of Understanding With Airbus On SAF Development ⚗️ Renewable-Powered Technology Converts Carbon Dioxide I...
-
Sustaera's 3rd-Gen DAC Could Crack the $100/Ton Barrier
Inside This Issue 🧪 Sustaera's 3rd-Gen DAC Could Crack The $100/Ton Barrier ⚠️ Middle East Conflict Threatens To Derail The Region's Carbon Capture Boom 🌿 Svante And Integrated Packaging Company A...
-
PJM's AI Power Crisis Just Got a 250MW Hydrogen Answer
Inside This Issue ⚡ Plug Power Plans Hydrogen Offering in Top US Power-Grid Auction 🪨 Underground CO2 Storage, X-Rays Reveal Carbon Capture Capacity of Volcanic Rocks 🍁 Swiss Carbon Capture Compan...
Company Announcements
-
NewHydrogen Files Its First International Patent For Its ThermoLoop Technology
Joint patent application with University of California, Santa Barbara further strengthens the IP position of the Company’s clean hydrogen technology SANTA CLARITA, Calif., March 12, 2026 (GLOBE NE...
-
Octopus Energy Generation Extends its Existing $40M Funding Agreement with Cultivo by an Additional $60M; The $100M Partnership will Accelerate Carbon Removal, Restore U.S. Grasslands, and Create H...
-
CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) ("CHARBONE" or the "Company"), a North American producer and distributor specializing in clean Ultra High Purity ("UHP") hydrogen and strateg...
-
Axens Signs Memorandum Of Understanding With Airbus On SAF Development
Axens has signed a Memorandum of Understanding (MoU) with Airbus to strengthen their cooperation in the development and deployment of Sustainable Aviation Fuel (SAF), a key pillar for decarbonizing...