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Mon, Aug 28, 2023

ZeroAvia Reaches Partnership Agreement with Masdar

Clean Energy Company Agrees to "Explore Hydrogen Production and Supply at Key Locations"

ZeroAvia has a new partner in Emirati energy company Masdar, which will "focus initially on projects in North America and Europe, while also looking at the opportunity to establish clean flight operations in the UAE." 

Masdar has made a point to build itself up to be an early adopter of hydrogen fuel tech, looking to make early bird investments in strategic projects and  scalable platforms in key markets. Under its current plans, the firm hopes to pump out at least 1 million tons of hydrogen per annum by 2030, the bulk of the UAE's goal to produce 1.4 million tons overall. From there, the country will only expand its efforts, intending to eventually reach 15 million tons per year by 2050.

It follows that ZeroAvia is a solid partner for them, given the firm's hybrid hydrogen powertrains and H2 fuel know-how. They have been hard at work aiming to take flight with one of their hydrogen-powered, electrically-driven commuter aircraft as fast as they can, with some timelines pointing to flights taking off in 2025 at the earliest. Under their models, ZeroAvia projects that 90-seat aircraft can account for up to a full ton of hydrogen for each short regional flight - a quantity that means even smaller regional airports can account for 100 tons a day.

“Masdar looks forward to working with innovative partners like ZeroAvia to advance decarbonization in hard-to-abate sectors, such as aviation. As the UAE’s clean energy champion, we are passionate about unlocking the potential of green hydrogen to build a greener future for all.”

Val Miftakhov, Founder and CEO, ZeroAvia, said: “We need large investment in renewable energy capacity to accelerate a future of truly clean flight for the entire industry, so we are delighted to partner with Masdar in this endeavor," said Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer. "Together, we are bringing the clean propulsion technology and the fuel to airlines to ensure that passengers can fly without any emissions and climate effects as soon as possible.”

FMI: www.zeroavia.com

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