American Airlines has made an equity investment in Universal Hydrogen to help the company build a green hydrogen distribution and logistics network.
American Airlines has made a strategic equity investment in Universal Hydrogen to help the company build a green hydrogen distribution and logistics network for aviation. This investment supports American Airlines' goals to reduce greenhouse gas (GHG) emissions by 2035 and, ultimately, its commitment to achieve net zero GHG emissions by 2050. This investment makes American Airlines the first U.S. airline to make two direct investments focused on the development of hydrogen electric propulsion technology and the future of hydrogen distribution logistics.
...For American Airlines...
Universal Hydrogen's fuel distribution network uses modular hydrogen capsules that are handled like cargo, which Universal Hydrogen says eliminates the need for new refueling infrastructure at airports and speeds up fuel loading operations. Universal Hydrogen plans to start hydrogen deliveries for regional aircraft in 2025, and expand services to single-aisle aircraft, first as auxiliary power in the late 2020s and then as a primary fuel in the mid-2030s.
...Who becomes a strategic investor in Universal Hydrogen
With these segments accounting for two-thirds of aviation emissions - and with green hydrogen being a true zero-carbon fuel - these advances put aviation on track to meet the Paris Agreement's emissions goals. American joins Airbus Ventures, GE Aviation and Toyota Ventures, as well as several major hydrogen producers and aircraft lessors, as strategic investors in Universal Hydrogen.
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