The German company H2FLY, which specialises in the development of hydrogen fuel cell systems for aircraft, is taking over project management in the HEAVEN project. The project will test the first passenger aircraft flying on liquid hydrogen (LH2) in 2023.
Read moreWith increasing fuel prices and climate change, the aviation industry is having to look at life after fossil fuels but is facing a particularly tough challenge – passenger aircraft needs to be light and very safe, and what about longer distances? We asked aviation insiders where hydrogen fits in.
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ZeroAvia has announced another $30 million in funding at the Farnborough International Airshow with new investors Barclays Sustainable Impact Capital, NEOM, and AENU coming on board. The capital increase brings the Series B round to $68 million (€66.7Mn).
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ZeroAvia, a company specialising in electric aircraft propulsion systems, has raised the equivalent of 17.5 million euros in a Series A financing round and, in parallel, received a commitment for a million-euro grant from the British government.
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