Universal Hydrogen will begin testing fuel cells in a passenger plane
The LA start-up is seeking to convert passenger jets to H2 and will begin testing in 2022. Los Angeles start-up Universal Hydrogen is moving forward toward the testing process for using fuel cells to power a passenger jet. The company has brought in new funding from large investors such as GE Aviation and Tencent. The fuel cells are being tested in a 40-seat passenger jet in 2022 following new investment. Universal Hydrogen is able to move ahead in the process following $62 million in new investment in addition to the $22 million in raised earlier this year in April. Following the investment,…
The LA start-up is seeking to convert passenger jets to H2 and will begin testing in 2022.
Los Angeles start-up Universal Hydrogen is moving forward toward the testing process for using fuel cells to power a passenger jet.The company has brought in new funding from large investors such as GE Aviation and Tencent.
The fuel cells are being tested in a 40-seat passenger jet in 2022 following new investment. Universal Hydrogen is able to move ahead in the process following $62 million in new investment in addition to the $22 million in raised earlier this year in April. Following the investment, the valuation rose from $55 million to $262 million. Among its other investors include venture branches of Fortescue, JetBlue and Toyota. The company has already signed deals with at least five regional airlines. Those deals involve an agreement to purchase conversion kits to retrofit their existing planes, replacing their current engines with H2 fuel cells and electric motors. According to Universal Hydrogen, the planes should be converted and ready for operation before the close of 2025. From that point, it will continue selling the cells on subscription.