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
-
Return & Verified Unveil Wind-Powered Direct Air Capture Hub Scaling to 500K Tons
Inside This Issue 🌬️ Return and Verified Announce First 100% Wind-Powered Direct Air Capture Hub, Designed To Scale to 500,000 Tons Annually 🌍 The Importance of Responsible Carbon Removal: Insight...
-
OnStream Secures $26M for Offshore Carbon Storage Hub, Announces JV Partnership
Inside This Issue 💰 OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company 🌍 Ex...
-
EDF & Abraxas Partner on Green Hydrogen & Ammonia Project in Newfoundland
Inside This Issue 🌍 EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland 💧 Hydro...
Company Announcements
-
FLAGSHIPS Wins Prestigious Award at EU Hydrogen Week
The FLAGSHIPS project takes home the Best Outreach Award at EU Hydrogen Week, celebrating its pioneering role in zero-emission waterborne transport and hydrogen innovation. At the EU Hydrogen Week...
-
Haffner Energy Launches Its Hydrogen Production, Testing and Training Center in Champagne, France
Vitry-le-François, France – November 22, 2024, 08:00 am CEST Inaugurated today, Haffner Energy's hydrogen production, testing, and training center is about to start producing renewable hydrogen us...
-
Sara Nawaz and the Institute for Responsible Carbon Removal are paving the way in a crucial sector: addressing climate change through sustainable and equitable carbon removal practices. With growi...
-
'Project Concho' Combines Proven DAC Technology, New Local Wind Power And Texas' Carbon Storage Capacity SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/-- Carbon capture and removal project develope...