“Propelling their mission towards delivering airlines zero-carbon, hydrogen-fueled flight, ZeroAvia is launching the development program for a 2MW hydrogen-electric powertrain for full-size regional aircraft. The program kick-off is supported by a new raise of $24.3 million, led by Horizons Ventures, joined by a new investor British Airways. Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing.”
“This new round accelerates the larger hydrogen-electric engine development for the 50+ seat aircraft and supports additional commercial airlines initiatives to adopt hydrogen in aviation. Today’s announcement brings the company’s total private investment to over $53 million and the total funding raised since inception to nearly $74 million.”
PLM Green Moderator Bjorn Fidjeland shares good news about a consortium to develop a green energy hydrogen infrastructure in this European news release about: “The seven companies in the GET H2 initiative are working to facilitate green hydrogen in refineries, steel production and other industrial uses, which could reduce 16m tonnes of carbon dioxide (CO2) emissions by 2030.
The project would convert existing gas pipelines to transport hydrogen, connecting the German sites of Lingen in Emsland, Gelsenkirchen and Salzgitter near the Dutch border in stages between 2024 and 2030.
Partners alongside Evonik include BP, German gas suppliers OGE, Nowega, and Thyssengas, multinational electricity firm RWE, German steel subsidiary Salzgitter Flachstahl.”