Reuters Hydrogen 2021 took place this year on May 20 and 21. This digital conference and exhibition was an amazing opportunity for people from all specialties to come together and discuss how to implement and integrate hydrogen. It was a chance for people to share ideas and spark the kind of brainstorming that could lead to a revolution in clean energy.
The CEO and founder of ZeroAvia, Val Miftakhov, attended the event to discuss how hydrogen can help cut costs without sacrificing safety or convenience. During his talk, “Fly High: Enabling Zero Emission Air Travel at Scale,” he delved into more detail about his hydrogen powertrains. After completing numerous successful flight tests at up to 500 miles, he was a welcome presence at the conference.
Reuters Hydrogen 2021
Reuters Hydrogen 2021 featured a number of notable guests who discussed everything from investing to applications to transitions. With the help of a formal schedule and informal networking opportunities, this was a chance for professionals to share the trends that they have seen in their businesses and how they expect those trends to influence the immediate and long-term future.
This event is more than just an opportunity to make official partnerships; it’s also a chance to form a long-term strategy. Val Miftakhov takes center stage to discuss how companies can use hydrogen power today and how it will continue to be useful in the future. His company is in the process of perfecting a scalable zero-emission program.
As Europe ramps up to decarbonization across the continent, there’s never been a better time to hear Miktakhov’s solution to this undeniable problem.
How Is ZeroAvia Helping the Industry Scale Back Its Emissions?
ZeroAvia is a company known for running successful test flights with a hydrogen-electric powertrain.
Val Miftakhov’s vision made this achievement possible, as did the team of experts that he’s gathered to solve this long-standing problem in the industry. After working in senior positions at Google and McKinsey & Company, Miftakhov saw an opportunity to introduce hydrogen into aircraft. His vision is to both protect the environment and cut back on costs for his clients.
Miftakhov is a serial entrepreneur with a doctorate in physics from Princeton and a master’s in physics from the Moscow Institute of Physics and Technology. His nuclear research for the Stanford Linear Accelerator helped lay the groundwork for his success in the EV space.
The Cost of ZeroAvia Flights: How the Company Will Help Clients Conserve Budgets
ZeroAvia is not just helping air travel cut its emissions; it is also helping companies cut their costs. By reducing the cost of maintenance and fuel by three-quarters, ZeroAvia brings down the price of a traditional short-haul trip by half.
Yet there’s an even more important benefit of ZeroAvia’s flights. Releasing emissions in the air is far more dangerous than releasing them on the ground. The more exposure and filtration of dangerous gases like CO2 and NO, the worse their effects are.
As governments impose more regulations to companies all over the world, the ZeroAvia powertrain has the potential to protect the planet while overcoming the challenges of zero-emission programs today.
Aviation is the culprit behind more than 12 percent of all transportation emissions, and that number is only set to double over the next three decades. Short-haul flights of less than 100 miles account for more than half of all emissions in the industry. Without intervention, the consequences for our air and water quality will be devastating.
It’s no wonder that CEO Miftakhov forecasts the sale of 100,000 powertrains over the next decade. This is a $100 billion market with strong demand. The pandemic has forced us all to consider what we want our health to look like and why we need to take steps to correct the past before our resources become unsustainable in the future.
The Team at ZeroAvia
The CEO of ZeroAvia, Val Miftakhov, has assembled some of the most formidable minds in the industry and given them plenty of freedom to explore their skills and test their imaginations. In addition to his team, the company also relies heavily on related professionals in the industry. From fuel suppliers to automotive experts to real estate moguls, the company is building relationships and leaning on the expertise of the leaders in different fields.
ZeroAvia is a hydrogen-electric aircraft developer. In recognition of its successful zero-emission flights, the U.K. government’s ATI Programme recently granted the company £12.3 million to further its efforts. ZeroAvia predicts that it will begin commercializing its powertrains in 2024 and expand to flights longer than 500 miles by 2026.