USA

• Agreement Will Continue Successful Collaboration on Decarbonization to Combat Climate Change

The New York State Energy Research and Development Authority (NYSERDA) and the Danish Ministry of Climate, Energy and Utilities announced an extension of their existing Memorandum of Understanding (MOU) through 2025, expanding collaboration beyond offshore wind to also foster a diverse portfolio of solutions for carbon capture, utilization, storage and green hydrogen.

Today, Deputy Secretary David Turk announced the launch of H2 Twin Cities as part of COP26 activities in Glasgow, U.K. to reinforce American commitment to combat climate change. H2 Twin Cities is an initiative under the Clean Energy Ministerial to accelerate hydrogen deployments by pairing communities around the world to collaborate, share ideas, learn from each other, and accelerate progress, particularly at the city and municipality level.

• Rose Cay plans to acquire existing aircraft, convert them using ZeroAvia’s hydrogen-electric powertrain system, and lease them to operators.
• Rose Cay intends to support the Energy Transition through the deployment of hydrogen infrastructure at airports worldwide.
• The deal includes a conditional purchase order for up to 250 engines with deliveries beginning as early as 2024.

DELAWARE and KEMBLE, United Kingdom and HOLLISTER, Calif. — ZeroAvia, a leader in zero-emission passenger aircraft, today announced an Aircraft and Infrastructure financing collaboration with Rose Cay GP, LLP (“Rose Cay”), a US-based real asset special situations investment platform.