January 31 (Renewables Now) – Aviation H2 Ltd, the developer of know-how for inexperienced hydrogen-powered aeroplanes, at the moment introduced it’s open for investments by way of the VCEX on-line buying and selling platform, searching for to lift AUD 300,000 (USD 212,000/EUR 189,000) in preliminary capital.
The Australian-owned agency, which is funded by Liberty Vitality Capital, desires to lift the sum so it may finance a planning examine for the event of a inexperienced power jet engined aircraft. Lead engineer and firm director, Helmut Mayer, hopes to have the primary aircraft within the sky within the subsequent 18 months.
Presently, the agency’s engineers examine design approaches based mostly on reliability, environmental influence, effectivity and weight, and count on to complete preliminary testing in March 2022. Then, they plan to make a advice on essentially the most commercially viable mannequin to provoke the fabrication of a prototype, the announcement says.
Mayer will run trials on two options for changing a conventional plane right into a renewable mannequin. Extra particularly, the agency is testing a hydrogen gas cell electrical motor and modifying a direct combustion engine.
(AUD 1.0 = USD 0.705/EUR 0.631)