In order for airlines to reach their ambitious goals of reducing (and eventually eliminating) carbon, the industry needs to invest in new fuel and propulsion solutions. Universal Hydrogen is a Los Angeles-based company focused on the decarbonization of aviation by making hydrogen a viable long-term fuel source. It is currently building a fuel distribution network that connects green hydrogen production directly to the commercial aviation airplane by using modular capsules that are transported using the existing intermodal freight network, avoiding the need for costly new pipelines and storage facilities.
“Our investment in Universal Hydrogen is highly aligned with JetBlue’s environmental objectives, and this partnership allows the airline a seat at the table in the fast-developing hydrogen for aviation sector and provides valuable insight into the options, progress, and viability of hydrogen to help decarbonize aircraft operations.”
—Jim Lockheed, Investment Principal, JetBlue Technology Ventures
“We see the near-term decarbonization of regional aviation as a first step and catalyst, setting the whole industry on a path to meeting Paris Agreement emissions targets. Hydrogen is today the only viable fuel for getting to true zero emissions in commercial aviation, and our goal is to de-risk the decision for Airbus, Boeing, and COMAC to make their next new airplane in the 2030s a hydrogen-powered one.”
— Paul Eremenko, CEO and Co-Founder, Universal Hydrogen
Universal Hydrogen raises $20.5M Series A to help launch hydrogen aviation