Aviation H2 to launch Series C capital raise next week
Published by Isabelle Keltie,
Editorial Assistant
Global Hydrogen Review,
Aviation H2 is launching its Series C Capital Raise next week, via the online trading platform PrimaryMarkets, to finance the next stage of building Australia’s first hydrogen-powered plane due to be in the skies in 2023.
The company will use the funds to build test beds so they can convert trial engines to hydrogen, which will allow them to find the optimal conversion method.
Once the trials are complete, the company will implement their model on a Dassault Falcon 50 jet plane and begin running test flights.
After showcasing their successful proof of concept, Aviation H2 will have a patentable method for modifying aircraft so they operate on carbon-free fuel.
Following this, they will seek to certify and commercialise this product via a planned public listing on a major exchange in 4Q23.
For more news and technical articles from the global hydrogen sector, read the latest issue of Global Hydrogen Review magazine.
Global Hydrogen Review's Spring 2022 issue
The inaugural issue of Global Hydrogen Review is full of detailed technical articles and case studies exploring the entire spectrum of hydrogen production and its applications worldwide. This issue covers a range of topics including the current status of blue hydrogen, how cryogenic technology is helping to shape the energy transition, and integrity management of hydrogen pipelines. Other features include green hydrogen, simulation, transportation, compressor technology, and much more.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/08082022/series-c-capital-raise-launching-next-week/
You might also like
Hydrogen Mobility Europe project successfully concludes initiative advancing hydrogen mobility in Europe
The flagship Hydrogen Mobility Europe (H2ME) project involving more than 50 organisations at the forefront of the sector has published its final emerging conclusions report.