HYDROGEN REFUELING SOLUTIONS (HRS): HRS will assist BEYOND AERO in the development of the first hydrogen aircraft with a continental range – 06/01/2023 at 18:00


HRS will assist BEYOND AERO in the development of the first hydrogen aircraft with a continental range

Grenoble, June 1, 2023 – HRS, European designer and manufacturer of hydrogen refueling stations

And

Beyond Aero, aircraft manufacturer specializing in the development of innovative and sustainable aeronautical solutions

announce today the signing of a memorandum of understanding aimed at sharing their expertise with a view to developing the hydrogen infrastructure around the first French “low carbon” aircraft equipped with a hydrogen fuel cell, developed by

Beyond Aero

and to begin negotiations for a potential trade agreement between the companies.

The hydrogen air transport market has great potential in sustainable aviation and could represent 38% of all aircraft by 2050 according to McKinsey

[1]

. Thanks to its ability to reduce CO2 emissions, reduce noise pollution and use renewable energy sources, hydrogen is increasingly seen as a promising alternative to fossil fuels. Many players in the sector, such as the manufacturer Airbus or the airline Alaska Airlines, have notably invested in research and development to design these hydrogen solutions which will be available in the coming years.

In this context, founded in 2020,

Beyond Aero

is developing the first low-carbon business jet (4 to 8 passengers), designed for hydrogen propulsion, with an initial range of 800 nautical miles (1,500 km) which will carry several hydrogen storage tanks, as well as a complex system of hybridized fuel cells and their auxiliaries.

The memorandum of understanding, for an initial period of 5 years, should make it possible to combine the know-how and expertise of the two companies in the field of aeronautics and hydrogen to identify the technological solutions most suited to the design of refueling by aircraft hydrogen developed by

Beyond Aero

as well as the storage necessary for successful “long-distance” flights.

Eloa Guillotin, founder and CEO of Beyond Aero

said : ”

The transition to electric aviation is inevitable and crucial for the decarbonization of the aviation sector. As committed players, we are proud to bring together the entire hydrogen sector, a key technology that opens up new perspectives. The installation of the first hydrogen stations at airports is an essential step in realizing this vision and accelerating the transition towards a more sustainable air future. »

Hassen Rachedi, founder and CEO of HRS

said : ”

We are proud to announce the signing of this memorandum of understanding with

Beyond Aero

to help develop hydrogen solutions that will revolutionize aviation. Hydrogen plays a key role in the decarbonisation of transport, and we are determined to play a major role in this transition towards a greener future, across all sectors. In collaboration with Beyond Aero, recognized for its capacity for innovation, we will bring all our know-how in hydrogen technology to propel aircraft in a sustainable way, thus reducing carbon emissions and preserving our environment. Together, we will shape a future where the sky is synonymous with sustainability and energy efficiency. “.

ABOUT BEYOND AERO

Beyond Aero

is a pioneering company in the field of hydrogen electric aviation. Founded in December 2020,

Beyond Aero

is dedicated to developing a new generation of hydrogen-powered electric aircraft, starting with a business jet.

The company has redesigned the architecture and developed an innovative thermal management system, allowing six passengers to travel up to 800 NM across Europe, five times further than a battery-powered aircraft. With offices in Toulouse and Paris, this start-up has a team of 30 highly qualified engineers from major aeronautical companies such as Airbus, Safran and Lilium.

Beyond Aero

confirmed market interest with Letters of Intent (LOIs) totaling $580 million, as well as investor interest with more than $10 million raised to date. Recently, the company completed the design of an 85 kW aircraft propulsion system – the most powerful in the European Union – at its site at Francazal airport. This technology represents a significant advance in the field of aviation, offering a greener and more efficient alternative to traditional aircraft.

ABOUT HRS

Created in 2004, Hydrogen-Refueling-Solutions (

HRS

), formerly TSM, is a pioneer in hydrogen mobility. European designer and manufacturer of hydrogen refueling stations,

HRS

has been committed for more than 10 years on the path of decarbonization of transport.

With unique know-how and experience,

HRS

has developed a complete range of hydrogen refueling stations that can be used by all types of fuel cell vehicles and perfectly adapted to the needs of a rapidly growing European market. On its Champ-sur-Drac site,

HRS

has a mass production capacity to assemble up to 60 units per year and in record time, which can reach only 8 weeks.

During the 2021/2022 financial year,

HRS

achieved a turnover of €17.0 million. As of June 30, 2022,

HRS

had 78 employees. ISIN code: FR0014001PM5 – mnemonic: ALHRS

CONTACTS

Investor Relations


NEWS finance & communication

Gregory Saint-Marc

[email protected]

Such. 01 53 67 36 94

Financial press relations


NEWS finance & communication

Anne-Catherine HELLO

[email protected]

Such. 01 53 67 36 93

Corporate press relations


NEWS finance & communication

Deborah Schwartz

[email protected]

Such. : 01 53 67 36 35



[1]

Delivering the Infrastructure for Battery and Hydrogen-Powered Flight

– April 2023 – McKinsey’s Aerospace & Defense Practice and World Economic Forum’s Target True Zero project


This post has the “? Actusnews SECURITY MASTER” service.


– SECURITY MASTER Key:

lmmdZMhvamuXm5pxapxsaWlnZ2yXxJOVZpKYnJOcZ8uUmHGTxZlmbpWaZnFhl2hm

– To check this key:

https://www.security-master-key.com.



Regulated information:


Inside information:

– Other press releases


Full and original press release in PDF format:

https://www.actusnews.com/news/80230-2023_05_23-mou-beyond-aero-final.pdf

© Copyright Actusnews Wire

Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com



Source link -86