Universal Hydrogen reached a deal to purchase green hydrogen from Fortescue Future Industries, the clean-energy arm of Australian iron-ore giant Fortescue Metals Group Ltd.
The memorandum of understanding covers hydrogen for regional aviation through 2035, according to a statement Tuesday, during the COP26 climate summit in Glasgow. FFI will also study developing green hydrogen production and logistics hubs in Iceland, New Zealand and southeast Queensland, Australia, with a goal of stimulating uptake.
The deal will also help support the entry into service of a hydrogen-powered single-aisle aircraft—which are bigger than regional planes—in the 2030s, Universal Hydrogen CEO, Paul Eremenko said in the statement.