Universal Hydrogen and H3 Dynamics Announce Hydrogen Aviation Partnership | Your money

LOS ANGELES–(BUSINESS WIRE)–March 15, 2022–

“New industries are rarely created by one individual or company,” said Taras Wankewycz, Founder and CEO of H3 Dynamics. “They need coalitions and ultimately entire ecosystems.” Today, Universal Hydrogen Co. and H3 Dynamics announced a new partnership in hydrogen aviation. “At H3 Dynamics, we have over a decade of experience in hydrogen flight, with a focus on powertrains for unmanned and soon to be manned aircraft,” Wankewycz said. “And since Universal Hydrogen is clearly positioned to lead the market for aviation hydrogen fuel services, it’s only natural that our companies work together to make true zero-emissions flight a reality.” Both companies will leverage their respective strengths to grow faster in hydrogen aviation.

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The collaboration will initially focus on the full range of unmanned aircraft, from small drones to large unmanned cargo delivery, with H3 Dynamics developing and delivering fuel cell powertrain solutions and Universal Hydrogen providing fuel logistics. to green hydrogen using its modular capsule technology. The partnership extends to manned aircraft, including eVTOL and other light aircraft segments. The two companies have also agreed to collaborate in the regional aircraft market, focusing on new regional airliners with a distributed propulsion architecture.

“This partnership is an instant force multiplier for the scale and reach of both companies and will allow us to move faster to deliver true zero-emissions solutions across a wide range of aircraft,” said Paul Eremenko, co- founder and CEO of Universal Hydrogen. Co. “For this reason, we are also considering setting up a joint R&D center in Toulouse, France, as Toulouse is a key talent hub for both of us.”

“The energy transition for a complex and expansive sector like aviation requires a whole value chain approach, where every segment of the hydrogen value chain is ready at the same time,” Eremenko said. “This collaboration between H3 Dynamics and Universal Hydrogen allows us to complete the hydrogen value chain for several rapidly growing aviation segments, and to do it much faster.”

About H3 Dynamics

H3 Dynamics is a global leader in advanced air mobility technologies, including zero-emission hydrogen-electric propulsion. The company is implementing a sustainable and safety-focused 3-phase roadmap, starting with autonomous data services, moving to autonomous hydrogen cargo and passenger flight as the last step. The company serves customers worldwide from its 3 regional headquarters in Austin, Singapore and Paris.

About Universal Hydrogen

Universal Hydrogen is making commercial hydrogen flight a near-term reality. The company takes a flexible, scalable and low-cost approach to hydrogen logistics by transporting it in modular capsules on the existing freight network, from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional aircraft with a hydrogen-electric powertrain compatible with its modular capsule technology.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220315006284/en/

CONTACT: Universal Hydrogen

Kate Gundry

[email protected] H3

Taras Wankewycz

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TRANSPORT ALTERNATIVE ENERGY ENERGY AIR TRAVEL AEROSPACE TRANSPORT MANUFACTURING

SOURCE: Universal Hydrogen

Copyright BusinessWire 2022.

PUBLISHED: 03/15/2022 16:00 / DISK: 03/15/2022 16:02

http://www.businesswire.com/news/home/20220315006284/en

Copyright BusinessWire 2022.

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