Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24
How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - 17th Feb 24
Why Rising Shipping Costs Won't Cause Inflation - 17th Feb 24
Intensive 6 Week Stock Market Elliott Wave Training Course - 17th Feb 24
INFLATION and the Stock Market Trend - 17th Feb 24
GameStop (GME): 88% Shellacking Yet No Lesson Learned - 17th Feb 24
Nick Millican Explains Real Estate Investment in a Changing World - 17th Feb 24
US Stock Market Addicted to Deficit Spending - 7th Feb 24
Stocks Bull Market Commands It All For Now - 7th Feb 24
Financial Markets Narrative Nonsense - 7th Feb 24
Gold Price Long-Term Outlook Could Not Look Better - 7th Feb 24
Stock Market QE4EVER - 7th Feb 24
Learn How to Accumulate and Distribute (Trim) Stock Positions to Maximise Profits - Investing 101 - 5th Feb 24
US Exponential Budget Deficit - 5th Feb 24
Gold Tipping Points That Investors Shouldn’t Miss - 5th Feb 24
Banking Crisis Quietly Brewing - 5th Feb 24
Stock Market Major Market lows by Calendar Month - 4th Feb 24
Gold Price’s Rally is Normal, but Is It Really Bullish? - 4th Feb 24
More Problems in US Regional Banking System: Where There's Fire There's Smoke - 4th Feb 24
New Hints of US Election Year Market Interventions & Turmoil - 4th Feb 24
Watch Consumer Spending to Know When the Fed Will Cut Interest Rates - 4th Feb 24
STOCK MARKET DISCOUNTING EVENTS BIG PICTURE - 31st Jan 24
Blue Skies Ahead As Stock Market Is Expected To Continue Much Higher - 31st Jan 24
What the Stock Market "Fear Index" VIX May Be Signaling - 31st Jan 24
Stock Market Trend Forecast Review - 31st Jan 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

ZeroAvia Featured in New U.K. Video to Promote International Trade

Companies / Social Media Jul 08, 2021 - 03:04 PM GMT

By: Umer_Mahmood

Companies

ZeroAvia, the company that is revolutionizing the aviation industry, is a proud partner of the U.K.’s Department for International Trade.

ZeroAvia, which is developing sustainable aviation solutions in partnership with leading investors and airline partners, is one of the agency’s collaborators to promote trade with innovative U.K. companies.

A new video produced by the department that touts the country’s commitment to clean transportation solutions features ZeroAvia. Those technological advancements are critical pieces in the country’s move toward its goal of being net zero in emissions by 2050.




The video cites ZeroAvia’s innovative work to disrupt and transform global aviation. In one segment, it notes that the U.K. is now a global hub for innovation and collaboration for high-performance engineering solutions for planes, trains, and cars. In another, it directly references ZeroAvia’s “jet zero” technology to create the world’s first hydrogen airplane.

The new video touts the country’s accomplishments in producing clean energy and transportation, including its £5 billion blueprint for cleaner and greener public transportation. It also cites the U.K.’s progressive steps and innovations regarding clean energy, including:

  1. The move to end the sale of petrol and diesel cars by 2030.
  2. Having the world’s fastest rate of decarbonization and a green grid that powers the mobilization supply chain.
  3. The creation of the lithium-ion battery.
  4. Being home to Europe’s first factory devoted to the mass production of batteries for electric vehicles.
  5. The development of the next generation of power cells at an advanced open-access factory.
  6. The creation of pop-up airports for flying cars.
  7. Using wind assistance to ship goods across the world’s oceans.
  8. The world’s first fleet of hydrogen double-decker buses.

“Where will you find the world’s clean transport solutions?” the video asks. “We’re the U.K., and we’re ready to trade with you.”

ZeroAvia is among several major world-renowned companies featured in the video, including Formula 1, Jaguar Land Rover, Nissan, and Wrightbus.

In a post announcing the company’s participation in the video, ZeroAvia noted, “We are delighted to work with the U.K. government and DIT to showcase their advancements in developing clean transport solutions.”

For ZeroAvia, the collaboration with the government agency is one of several partnerships that the company has recently formed, a testament to its groundbreaking work in clean aviation.

Valery Miftakhov founded ZeroAvia in 2017 and now works as its chief executive officer. The company is using hydrogen-fueled powertrain technology to revolutionize air transportation. It expects to commercialize powertrains that will compete with the traditional engine technology of propeller airplanes. It plans to launch its first zero-emission, low-noise products by 2024.

Scalability is essential for ZeroAvia as it develops technologies to enable longer short-haul trips using its powertrain. It projects that its disruptive products will change air travel, with demand of as many as 100,000 units in the next 10 years.

The hydrogen-powered, zero-emission powertrain will help reduce the cost of trips by up to 50 percent due to a 75 percent drop in fuel and maintenance expenses. The company will start by building a powertrain that it can use in fixed-wing aircraft carrying 10 to 20 passengers, allowing the company to use existing infrastructure and reduce regulatory burdens.

The company projects a progressive series of newer, larger powertrain models for aircraft that are larger and in flights of longer mileage. ZeroAvia projects that, by 2040, its powertrain technology will drive aircraft with more than 200 seats on distances of up to 5,000 nautical miles.

In its short existence, ZeroAvia has made rapid strides. In 2019, ZeroAvia completed its first electric-powered test flights. A year later, it completed an eight-minute test flight in a six-seat plane.

The company has quickly established itself as a major player in the airline industry. Among its recent achievements, the company has:

  1. Been named a member of the Global Coalition for Sustainable Aviation, part of the United Nations’ International Civil Aviation Organization. The coalition supports the development and acceleration of new ideas to foster sustainable aviation and reduce emissions.
  2. Established a partnership with British Airways to assist the airline in its goal of having zero emissions by 2050.
  3. Secured $53 million in private funding, including a recent round of $24.3 million led by Horizon Ventures and including Breakthrough Energy Partners, Ecosystem Integrity Fund, Shell Ventures, Summa Equity, and SYSTEMIQ. A $21.4 million investment from Amazon as part of the retailer’s Climate Pledge Fund could use ZeroAvia technology as part of its plans to build its own air transportation logistics network.
  4. Been named one of 10 finalists by NASA iTech to present its findings in the 2021 Cycle I Forum, which brings together companies, NASA chief technologists, industry experts, and investors to support new technologies and accelerate the time to market.
  5. Been granted £12.3 million ($16.3 million) from the U.K.’s Aerospace Technology Institute (ATI) Programme to build a hydrogen-powered aircraft with 19 seats to complete a 350-mile flight.
  6. Been named a finalist in the transportation category of Fast Company’s 2021 World-Changing Ideas Awards.
  7. Been named by the World Economic Forum as a Technology Pioneer, an honor given to a select number of early- to growth-stage companies that use new technologies and innovation to have a major impact on business and society.

About ZeroAvia

ZeroAvia is the world’s leading company for sustainable aviation solutions. It is based in Cranfield in the United Kingdom and Hollister, California, in the United States.

By Umer Mahmood

© 2021 Copyright Umer Mahmood - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in