Universal Hydrogen, an innovative startup and leader in hydrogen-powered aircraft, has declared bankruptcy after exhausting $100 million of investor capital. The company was unable to raise additional capital, and has shut down operations. The was a surprise to many in the industry, as the company had reached several key milestones
and was looking forward to future flight tests of its system by 2026.
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The company successfully ran a megawatt-class fuel cell powertrain using a proprietary liquid hydrogen fuel module. This was the largest fuel cell ever to run on liquid hydrogen, and simulated a 1 hour 40 minute regional aircraft flight profile. Two such modules could power an ATR-72 size regional aircraft for a 500 nautical mile flight.
