Aviation H2 on runway for global green energy take off
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As the global race to decarbonize the aviation industry continues, Aviation H2 has launched in Sydney with the ambition to become Australia’s first hydrogen-fuelled aviation company.
In an industry contributing a significant amount of CO2 to global emissions, green hydrogen-powered aircraft and associated technologies have seen increasing global demand.
Aviation H2 will focus on the rapidly expanding demand for hydrogen applications in the aviation industry.
Owned and funded by Liberty Energy Capital, Aviation H2 aims to create green hydrogen technology solutions to serve aviation applications.
Liberty Energy Capital and its Nominees has investments in emerging green businesses including H2X Global, Sweetman Renewables Limited, Port Anthony Renewables Limited, Titan Hydrogen Limited, Infinite Blue Energy and Verdant Earth Technologies.
An international search is underway for a CEO along with numerous executive positions.
An Aviation H2 spokesman said as the world turns to green energy, the company is backing state-of-the-art technical solutions that will play a pivotal role in decarbonising the aviation industry.
“Aviation H2’s mission is to empower companies, both domestically and internationally, by leveraging the latest in renewable hydrogen technology, helping the industry transition to a sustainable energy strategy,” he said.
Before the COVID-19 pandemic grounded most planes, commercial flights accounted about 2.5% of global emissions of carbon dioxide.
The spokesman said hydrogen was the fuel of the future and could be used across commercial airlines, defence forces, cargo industry, and freight services.
“Hydrogen is viewed as one of the most viable options for decarbonising the transport industry, which accounts for over one-fifth of global CO2 emissions,” he said.
As net-zero becomes the universal standard among western governments, the spokesman said hydrogen is estimated to grow into a global market worth US$201 billion by 2025.
“Aviation H2 has been founded on a shared vision to harness the power of renewable energy to take the aviation sector — which makes up 2% of global emissions — into industry 5.0.” he said.
While hydrogen is increasingly considered as one of the most promising zero-emissions fuels for future aircraft, there are still many challenges to overcome. Hydrogen has an energy-density-per-unit mass three times higher than traditional jet fuel.
Aeronautical engineers must work out how to bring the weight and cost of hydrogen down, while the best solution for storing the fuel on board also needs to be determined.
Today, liquid hydrogen storage is seen as the best solution with storing hydrogen as compressed gas presenting challenges with aircraft weight and volume requirements.
According to Airbus VP Glenn Llewellyn: “Cost-competitive green hydrogen and cross-industry partnerships are being considered as mandatory to bring zero emission flying to reality.”
Aviation H2 may be just what the industry needs to achieve that reality.
This article was developed in collaboration with Aviation H2, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.