Universal Hydrogen announces collaboration to study green hydrogen supply and logistics solutions for Japanese airlines
Collaboration between Universal Hydrogen, Sojitz Corporation, and Mitsubishi HC Capital Inc. to enable the use of hydrogen-powered aircraft by Japanese airlines
“In order to meet aviation’s ambitious decarbonization 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,” said Paul Eremenko. “I’m honored to have two of our investors and partners—Sojitz and Mitsubishi HC Capital—further their commitment to our mission through this collaborative effort.”
Today, at the California-Japan Climate Summit, Universal Hydrogen Co. announced that it has formed a collaboration with three Japan-based companies to study—and ultimately develop—a green hydrogen supply and logistics solution that will enable Japanese airlines to scale their utilization of hydrogen-powered aircraft in the very near-term. Collectively, Universal Hydrogen alongside Sojitz Corporation, Mitsubishi HC Capital Inc., and an undisclosed third Japanese partner will study a modular hydrogen delivery system for Japanese airlines.
Under the terms of the collaboration, the companies will collectively identify, evaluate, and qualify local hydrogen suppliers and partners for hydrogen production, hydrogen module filling, module delivery operations, and more. Further, the companies will collaborate on studying marketing strategies and leasing and financing options for both Universal Hydrogen’s powertrain conversion kits and modular hydrogen capsules.
“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 decarbonization measures. Many of these airlines already know the importance and urgency of decarbonization; it will require an all-encompassing solution to solve the challenges of infrastructure, cost, and supply. We, at Mitsubishi HC Capital, support Universal Hydrogen’s drive to decarbonize aviation and are thrilled to be a part of the Japanese effort to solve this challenge,” said Osamu Muramoto.