British Airways invests in hydrogen-powered planes
British Airways and a group of tech, green and energy investors – including Li Ka-Shing's Horizons Ventures, Shell Ventures and the Ecosystem Integrity Fund –are investing US$24.3 million in aircraft company ZeroAvia to fund the development of a 50+ seater plane capable of running on zero emissions hydrogen-electric power that could fly as soon as 2026.
The company expects to have a 20-seater aircraft running on hydrogen-electric power with a range of up to 500 miles by 2024 and is aiming for a 100-seat aircraft by 2030.
British Airways has committed to achieving net zero carbon emissions by 2050 through a series of initiatives. In addition to exploring and investing in the growth of these new longer-term technologies, the airline is also investing in the development of sustainable aviation fuels, flying more fuel-efficient aircraft and exploring the use of carbon capture technology.
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