By Michael Dabaie
Plug Power Inc. said it would work with Airbus to study the feasibility of bringing green hydrogen to future aircraft and airports.
Airbus and Plug Power will work on a joint study and roadmap that could bring green hydrogen to aircraft and airports, Plug Power said.
Plug Power shares rose 7% to $31.90 premarket.
Plug Power will create deployment scenarios for green hydrogen infrastructure at airports, while Airbus will offer insight on hydrogen aircraft characteristics.
Plug Power and Airbus will select a U.S. airport to serve as the first "Hydrogen Hub" pilot airport in North America, serving as a case study for hydrogen infrastructure scale-up at other airports.
The companies will also consider setting up a range of joint projects covering the deployment of green hydrogen infrastructure for aviation, at scale.
Airbus hopes to bring zero-emission aircraft to market by 2035.
"We at Airbus see huge potential for green hydrogen to power our future zero-emission aircraft," said Glenn Llewellyn, Airbus vice-president for zero-emission aircraft.
Write to Michael Dabaie at email@example.com
(END) Dow Jones Newswires