The objective of H2Gear is to ground test an aerospace-standard fuel cell based cryogenic propulsion system. This will include passing testing milestones on component, subsystem and complete system ground tests, to prepare for a potential flight test in 2025/2026.
LONDON (Reuters) – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said. Shell and its…
By the end of 2021, Scotland will be home to its first hydrogen-powered passenger train operating on its ScotRail. The success of Alstom’s Coradia iLint fleet of hydrogen fuel cell powered passenger trains in Germany and the Netherlands has inspired engineers throughout Europe to invest…
Breakthrough Energy Ventures (BEV), the clean-tech venture capital fund led by Bill Gates, has raised $1 billion for a second round of investments after backing 45 startups with its first billion. Created in 2016, BEV began funding startups just as the second wave of clean-tech investments was gaining…
Hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc. ZeroAvia said it aims to use the money to advance development of technology that could cut carbon emissions from the aviation sector…
Airbus SE announced it’s giving itself five years to develop a commercially viable hydrogen aircraft. Glenn Llewellyn, the engineer leading the company’s moonshot experiment says: “Hydrogen is the most promising energy type to allow us to power aircraft and aviation with renewable energy.” Llewellyn’s team is studying three designs: a…
The Department of Energy is planning to invest $100 million over the next five years into research for hydrogen-powered heavy-duty trucks.
Based on interviews with 20 major companies including automotive, hydrogen industry leaders, oil and gas companies, and technology firms, McKinsey & Company published a 10-year roadmap for the U.S. Hydrogen Industry. The firm concluded that hydrogen is fundamental to meeting the climate commitments that have…
Bank of America Securities estimates in their latest Global Research Report that green hydrogen could provide up to 24% of our energy needs by 2050, helping to cut emissions by around a third. In doing so, the transition to green hydrogen could provide $11 trillion of infrastructure investment opportunities over the next 30 years, and direct annual revenues of $2.5 trillion.
Green hydrogen looks poised to become a once-in-a-generation opportunity: we estimate it could give rise to a €10 trillion addressable market globally by 2050 for the utilities industry alone.
