In order for airlines to reach their ambitious goals of reducing (and eventually eliminating) carbon, the aviation 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 us 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
“JetBlue was the first airline to invest in Universal Hydrogen and in hydrogen technology generally. This is indicative of their forward-leaning posture. The JetBlue Technology Ventures team has been a great partner to us, and together, we aim to show the aviation sector that meeting the goals of the Paris Agreement is not only possible, but a business imperative.”
— Paul Eremenko, CEO and Co-Founder, Universal Hydrogen
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