US-based firm Universal Hydrogen has partnered with Japanese companies to study and develop a green hydrogen supply and logistics solution for Japanese airlines.
The alliance with Japan’s Sojitz, Mitsubishi HC Capital, and an undisclosed third Japanese partner is aimed at helping Japanese Airlines scale up their usage of hydrogen-powered aircraft in the near future.
Universal Hydrogen co-founder and CEO Paul Eremenko said: “In order to meet aviation’s ambitious decarbonisation goals, we must collaborate in those markets with the strongest appetite for green aviation solutions; Japan is one of those markets.
“With our Japanese partners—all of whom are global leaders in their industries—we have built a powerful alliance to build a hydrogen infrastructure solution for aviation.
“I’m honoured to have two of our investors and partners—Sojitz and Mitsubishi HC Capital—further their commitment to our mission through this collaborative effort.”
Under the partnership, the companies will identify as well as evaluate local hydrogen suppliers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThey will also focus on partners for hydrogen production, hydrogen module filling, module delivery operations.
The component manufacturers and suppliers will also be liaised under this collaboration, along with the country’s government agencies and potential customers.
Additionally, the partners will be responsible for carrying out marketing strategies and leasing along with funding options for Universal Hydrogen’s powertrain conversion kits and modular hydrogen capsules.
Mitsubishi HC Capital Global Aviation Business Division head Osamu Muramoto said: “Creating and ensuring a long-term solution for green hydrogen supply and logistics is the biggest hurdle to overcome as the Japanese aviation industry seeks to integrate hydrogen as one of its decarbonisation measures.
“Many of these airlines already know the importance and urgency of decarbonisation; it will require an all-encompassing solution to solve the challenges of infrastructure, cost, and supply.”