Metropolitan Airport NewsMetropolitan Airport News

    Subscribe for Updates

    Get the latest local airport and aviation news delivered right into your inbox each week!

    News Updates

    The First American Woman in Space: Unveiling of Sculpture Honors Dr. Sally Ride

    June 18, 2022

    Our Lady of the Skies 2022 Annual Luncheon

    June 17, 2022

    Life-sized Lego Commercial Pilot Unveiled at JFK Terminal 4 Lego Store

    June 16, 2022
    Facebook Twitter Instagram
    Metropolitan Airport NewsMetropolitan Airport News
    • Latest News
      • Publisher’s Message
      • On Duty
      • Fast Five
      • Airport News
      • Air Cargo
      • Airline News
      • Aviation News
      • Airport Safety & Security
      • Airport Community
      • Airport Employment News
      • Airport Company Spotlight
      • Ground Services
      • Intermodal
      • New York Aviation History
      • Non-Rev Traveler
    • Airport & Aviation Events
    • Airport Employment
    • Latest Issue
    • Contact Us
    Metropolitan Airport NewsMetropolitan Airport News
    Home»Airline News»JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline’s Ambitious Sustainability Strategy
    Airline News

    JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline’s Ambitious Sustainability Strategy

    Universal Hydrogen joins JetBlue Technology Ventures’ growing portfolio of sustainable travel startups as the subsidiary’s first foray into hydrogen power.
    Metropolitan Airport NewsBy Metropolitan Airport NewsApril 26, 2021No Comments3 Mins Read
    Facebook Twitter LinkedIn Email
    JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline’s Ambitious Sustainability Strategy

    JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways, today announced its investment in Universal Hydrogen, the company fueling carbon-free flight, as part of its $20.5M Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its burgeoning commercial activities.

    JTV’s primary goal is to better position JetBlue with startup-led innovation set to disrupt the travel industry, ultimately helping JetBlue chart a path toward net zero emissions. JTV supports JetBlue’s ambitious sustainability strategy and targets by investing in technology focusing on advanced methods of measuring and reducing emissions, improved environmental protections, and game-changing transportation. In 2020 JetBlue became the first U.S. airline to achieve carbon neutrality for all domestic flying, today primarily through carbon offsets while the industry builds up lower-carbon technologies to reduce direct emissions.

    Universal Hydrogen is building a fuel distribution network that connects hydrogen production directly to the airplane using modular capsules that are transported using the existing freight network, avoiding the need for costly new pipelines, storage facilities, and fuel trucks. The company is also developing conversion kits to retrofit existing 40-60 passenger regional airplanes with a hydrogen fuel cell powertrain.

    “Our investment in Universal Hydrogen is highly aligned with JetBlue’s environmental objectives, and this partnership allows the airline a seat at the table in the fast-developing hydrogen for aviation sector and provides valuable insight into the options, progress, and viability of hydrogen to help decarbonize aircraft operations,” said Jim Lockheed, Investment Principal at JTV.

    Universal Hydrogen was founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon. First commercial flights are planned no later than 2025, with operating costs equivalent to those of conventional hydrocarbon-burning airplanes and decreasing rapidly thereafter.

    “We see the near-term decarbonization of regional aviation as a first step and catalyst, setting the whole industry on a path to meeting Paris Agreement emissions targets. Hydrogen is today the only viable fuel for getting to true zero emissions in commercial aviation, and our goal is to de-risk the decision for Airbus, Boeing, and COMAC to make their next new airplane in the 2030s a hydrogen-powered one,” said Paul Eremenko, Universal Hydrogen co-founder and CEO.

    The financing was led by Playground Global, and other investors include Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

    About JetBlue Technology Ventures

    JetBlue Technology Ventures invests in and partners with early stage startups innovating in the travel, transportation, and hospitality industries. The company prioritizes investments that advance the seamless customer-centric journey; technology powered customer service; the future of operations and maintenance; distribution, loyalty, and revenue management; and evolving regional travel. Founded in 2016, JetBlue Technology Ventures is a wholly-owned subsidiary of JetBlue and is located in Silicon Valley, California. For more information, visit www.JetBlueVentures.com.

    About Universal Hydrogen

    Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over 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 airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.

    Green Aviation
    Share. Facebook Twitter LinkedIn Email
    Metropolitan Airport News
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    Produced by a team of aviation professionals, and enthusiasts our mission is to inform and update the more than 68,000 employees who work on the metropolitan New York airport properties, as well as the many others that provide goods and services in the surrounding communities.

    RELATED NEWS & UPDATES

    PLAY Reintroducing International Flights at New York Stewart International Airport

    June 10, 2022

    Interview With David Neeleman

    June 9, 2022

    Hawaiian Airlines and Par Hawaii Announce Plan to Jointly Explore Sustainable Aviation Fuel in Hawaiʻi

    June 8, 2022

    Ferrovial Agrees to Acquire a Stake In JFK Airport New Terminal One Consortium

    June 6, 2022

    US World War II Veterans Return to Normandy to Mark 78th Anniversary of D-Day

    June 6, 2022

    American Airlines and Microsoft Partnership Takes Flight to Create a Smoother Travel Experience

    May 18, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    UPCOMING AIRPORT EVENTS
    Civil Air Patrol Falcon Squadron Meeting
    June 27, 2022
    7:00 PM to 9:00 PM
    • John F. Kennedy International Airport-(JFK)
    Jamaica, New York
    Civil Rights, Race, & Gender Equity: Pan Am's Diversity in Flight
    June 27, 2022
    1:00 PM to 4:30 PM
    • Cradle of Aviation Museum
    Garden City, New York
    JFK Chamber of Commerce Luncheon
    June 28, 2022
    11:30 AM
    • Russo’s On the Bay
    Howard Beach, New York
    • >> More Airport & Aviation Industry Events
    RELATED NEWS

    The First American Woman in Space: Unveiling of Sculpture Honors Dr. Sally Ride

    By Julia Lauria-BlumJune 18, 2022

    Today a monumental sculpture was publicly unveiled and dedicated to the late astronaut Dr. Sally…

    Life-sized Lego Commercial Pilot Unveiled at JFK Terminal 4 Lego Store

    June 16, 2022

    SAF Has Been Delivered to New York Using Existing Petroleum Pipelines

    June 15, 2022

    PLAY Reintroducing International Flights at New York Stewart International Airport

    June 10, 2022

    Subscribe for Updates

    Get the latest local airport and aviation news delivered right into your inbox each week!

    Metropolitan Airport News provides timely news, information and updates for both Port Authority of New York & New Jersey (PANYNJ) employees and businesses that provide services at, and around the major New York airports (JFK, LGA, EWR).

    John F. Kennedy International Airport
    PO Box 300877
    Jamaica, NY 11430 USA
    Phone: (347) 396-0904
    Email Us

    Facebook Twitter YouTube LinkedIn Flickr
    JUNE 2022 ISSUE
    Metropolitan Airport News - June-2022
    LATEST COMMENTS
    • Dayna Harap  - Fast Five on The JFK Air Cargo Association Names New President
    • Ryan on Cockpit Jumpseating: The Best Seat in the House
    • Roberta Bassin on Finding Charlie
    • About Us
    • Advertising
    • Charitable Giving Program
    • Back Issue Archive
    • Contact Us
    © 2022 Airport Media, Inc. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.