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Sojitz invests in Universal Hydrogen to enter hydrogen-fuel aviation business

  • April 24, 2021
  • , Nikkei , p. 11
  • JMH Translation

On April 23, Sojitz Corporation announced it has invested in Universal Hydrogen Co. (UH2), a U.S. startup engaged in the development of hydrogen fuel-powered aircraft. UH2 is developing an aircraft suited to hydrogen fuel by modifying an existing aircraft, and will start flight tests in Japan as early as 2025. Sojitz will utilize its expertise and sales network in the aircraft business to make a foray into the hydrogen aviation business in Japan and Asia. (Abridged)

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