{"id":81218,"date":"2022-10-16T16:38:11","date_gmt":"2022-10-16T14:38:11","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=81218"},"modified":"2022-10-16T16:38:11","modified_gmt":"2022-10-16T14:38:11","slug":"american-airlines-becomes-first-us-airline-to-make-two-direct-hydrogen-related-investments","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/american-airlines-becomes-first-us-airline-to-make-two-direct-hydrogen-related-investments\/","title":{"rendered":"American Airlines becomes first US airline to make two direct hydrogen-related investments\u00a0"},"content":{"rendered":"

American Airlines becomes the first U.S. airline to make two direct investments focused on the development of both\u00a0hydrogen-electric propulsion technology<\/a>\u00a0and the future of hydrogen distribution logistics.<\/p>\n

This comes on the back of the American Airlines\u2019 announcement of its strategic equity investment in\u00a0Universal Hydrogen Co.<\/a>, a company building a green hydrogen distribution and logistics network for aviation. The investment supports American\u2019s\u00a0science based targets to reduce greenhouse gas (GHG) emissions by 2035<\/a>, and ultimately its commitment to achieve net zero GHG emissions by 2050.<\/p>\n

Universal Hydrogen\u2019s fuel distribution network uses modular hydrogen capsules that are handled like cargo, eliminating the need for new fueling infrastructure at airports and speeding up fuel loading operations.<\/p>\n

Universal Hydrogen anticipates starting hydrogen deliveries for regional aircraft in 2025, with plans to expand its services to larger, single aisle aircraft \u2014 first for auxiliary power in the late-2020s and then as a primary fuel by the mid-2030s. Because these segments represent two-thirds of aviation emissions \u2014 and with green hydrogen being a true zero-carbon fuel \u2014 these advances put aviation on a path to meet Paris Agreement emissions targets.<\/p>\n

\u201cThis technology has the potential to be a game-changer on the industry\u2019s path to zero-emission flight,\u201d said American Airlines’ Chief Financial Officer Derek Kerr. \u201cAs the world\u2019s largest airline, American has a responsibility to exercise leadership in making aviation sustainable. Our investment in Universal Hydrogen represents a vote of confidence for green hydrogen as a key element of a sustainable future for our industry.\u201d<\/p>\n

American Airlines joins Airbus Ventures, GE Aviation and Toyota Ventures, as well as several major hydrogen producers and aircraft lessors, as strategic investors in Universal Hydrogen.<\/p>\n

\u201cTogether with our investors, we are putting together the end-to-end value chain to make hydrogen aviation a near-term commercial reality,\u201d said Paul Eremenko, co-founder and CEO of Universal Hydrogen. \u201cThis move by American is a strong signal that customers want a true zero-emissions solution for passenger aviation and are willing to back tangible, pragmatic steps to get there quickly.\u201d<\/p>\n

\n

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American Airlines becomes the first U.S. airline to make two direct investments focused on the development of both\u00a0hydrogen-electric propulsion technology\u00a0and the future of hydrogen distribution logistics. 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