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
-
Can Carba Really Remove Carbon Under $100?
Inside This Issue 🌬️ U.S. Bank Makes First Carbon Removal Purchase with Carba's Minnesota Biochar Project 🏭 Michigan's CCS Primacy Bid Could Reshape Great Lakes Industry 🏗️ Europe's Largest Carbo...
-
Deep Sky's Alberta DAC Project Gets Its First Pre-Issuance Rating
Inside This Issue ⭐ Deep Sky Receives First Pre-Issuance DAC Rating ♻️ Casella Waste Systems and Waga Energy Bring Third RNG Facility Online at McKean Landfill 🌐 Sinopec and International Partners...
-
Montana Renewables Cuts SAF Cost to $137M
Inside This Issue ✈️ Montana Renewables Announces Innovative, Capital-Efficient Expansion to 200 Million Gallons of Sustainable Aviation Fuel ⚗️ Live Oak Starts Competitive FEED for Nebraska E-Met...
Company Announcements
-
Installation Work for a 30MW Class Hydrogen-Fired Gas Turbine Has Been Completed
~Towards the Implementation of Europe's First Power Generation Demonstration Project~ 30MW class gas turbine "L30A" Power generation equipment inst...
-
Europe's Largest Carbon Capture Facility Officially Inaugurated at Yara Sluiskil in the Netherlands
SLUISKIL, Netherlands, Sept. 7, 2026 /PRNewswire/ -- Europe's largest industrial carbon capture facility was officially inaugurated today at Yara International ASA's plant in Sluiskil, the Netherla...
-
U.S. Bank Makes First Carbon Removal Purchase With Carba's Minnesota Biochar Project
U.S. Bank has entered the carbon dioxide removal market for the first time by purchasing credits from Carba's biochar project in Minnesota. The agreement gives the Minnesota carbon removal develope...
-
Deep Sky Receives First Pre-Issuance DAC Rating
Pre-Issuance Rating for Deep Sky One Follows New DAC-Specific Integrity Framework with Sylvera Deep Sky, the world’s first technology-agnostic carbon removal project developer, has received an AAA...