Airbus is backing hydrogen to decarbonise aviation
Airbus invests in clean hydrogen fund Hy24
Aircraft manufacturer says scaling up hydrogen economy is prerequisite for zero-emission planes as it backs sector’s leading investment fund
Aircraft manufacturer Airbus has invested in Hy24, the world’s largest pure-play clean hydrogen investment fund, in a move that highlights the company’s confidence in the role of liquid hydrogen in decarbonising the aviation sector. Airbus says its investment in the fund “assures its commitment to the scaling up of a global hydrogen economy—a prerequisite for the successful entry-into-service of its zero-emission commercial aircraft by 2035”. Hy24, a joint venture between French asset manager Ardian and hydrogen investment firm FiveT Hydrogen, launched its fund in October last year. The fund is on track to close this summer with a target of €1.8bn ($1.83bn) to invest across the hydrogen valu
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