Latest news with #ZeroAvia
The Herald Scotland
28-05-2025
- Business
- The Herald Scotland
Scottish economy trails UK but Kate Forbes flags positive
Responding to the first-quarter figures published today by the Scottish Government's chief economist directorate, Deputy First Minister Kate Forbes said: 'It is encouraging to see quarterly growth continuing and getting stronger in Scotland - following a 0.1% rise at the end of 2024.' Comparing the opening three months of this year with the first quarter of 2024, Scotland's onshore GDP was up by 1.1%. UK GDP rose by 1.3% on the same time comparison. Read more GDP in the UK as a whole matched the Scottish growth of 0.1% quarter-on-quarter in the final three months of last year. In the first quarter of 2025, the Scottish services sector expanded by 0.5%, production output grew by 0.3%, and construction activity was flat. The agriculture, forestry and fishing sector contracted by 0.4%. Growth in the distribution, hotels and catering, and electricity sectors made the largest positive contributions towards total GDP, the chief economist directorate noted as it published the figures. Comparing the opening three months of 2025 with the same quarter of last year, Scotland's services sector has grown by 0.9%, and construction activity has expanded by 1%. Production output has grown by 2.6%, and the agriculture, forestry and fishing sector has expanded by 0.5%. Ms Forbes reiterated her call for the UK Government to reverse its hike in employers' national insurance contributions. This rise, announced in Chancellor Rachel Reeves's Budget on October 30, is aimed at raising £25 billion a year. It came into effect on April 6. Ms Forbes said: 'Our limited powers mean we also require decisive action from the UK Government to counter the damaging economic impacts of Brexit and tackle the economic uncertainty currently being felt by business, workers and families - including the reversal of its damaging decision to increase employers' national insurance contributions.' She noted the SNP's programme for government includes a six-point export plan 'to help businesses tap into new markets and increase sales'. Ms Forbes declared: 'In the face of ongoing global challenges, dynamic steps are being taken to grow and transform Scotland's economy. 'We are pursuing new investment, building export potential and supporting innovation. Last week, the First Minister announced that US green aircraft engine developer ZeroAvia is to establish a new manufacturing base in Scotland, creating around 350 jobs.'
The Herald Scotland
24-05-2025
- Business
- The Herald Scotland
Hydrogen aircraft firm backed by £50m government funding
I had an exclusive interview with Val Miftakhov in Edinburgh in December 2019, which of course was shortly before the outbreak of Covid, when his team was preparing for the world's largest hydrogen-fuelled zero emission aircraft - flying without any fossil fuel support – which was to be tested in Scotland, at that time with the target of the first commercial flights in three years. How the site would look. (Image: ZeroAvia) The test flight would be 250-300 nautical mile round flight from the Orkney Islands. At that stage, Mr Miftakhov said the record-breaking flight would create the first opportunity for commercialisation of zero emission flight. Then the pandemic hit. However, his firm, California-based ZeroAvia, managed to make the groundbreaking flight. Despite the challenges presented by the lockdown and through careful management, the flight was able to take off, but from its site in England at Cranfield University for the UK's "first commercial-scale electric-powered flight" in June 2020. Mr Miftakhov is a greentech entrepreneur and founder of eMotorWerks, he has a PhD in Physics from Princeton University and a master's in Physics from Moscow Institute of Physics and Technology, and is a two-times winner of Russian nationwide physics competitions. Val Miftakhov, founder and chief executive of ZeroAvia, said: 'Scotland has some unique advantages for ZeroAvia with strong aerospace and engineering skills, a burgeoning hydrogen sector and a clear aviation strategy with potential for early adoption of zero-emission flights.' (Image: ZeroAvia) The new site at Glasgow Airport announced this week will make fuel cells for hydrogen-powered aircraft, using energy that is stored after production from renewable sources. ZeroAvia plans to build a major manufacturing facility for the production of its hydrogen-electric 'powertrain' fuel cells at the Advanced Manufacturing Innovation District Scotland in Renfrewshire, which would create 350 jobs. The firm hopes an engine that can power a 20-seat plane will enter service next year. The company is also developing the next generation of fuel cell aircraft engines with its ZA2000 for 40-80 seat aircraft. Mr Miftakhov on a test flight. (Image: ZeroAvia) It said that scaling to meet the power and operational requirements for these larger aircraft requires advanced fuel cells with higher power-to-weight ratio. The high temperature fuel cells that ZeroAvia will manufacture in the Glasgow facility, expected to open in 2028, are said to be key to unlocking fuel cell propulsion for larger aircraft. READ MORE: The project in Scotland is backed by funding including a £9 million grant from Scottish Enterprise, and the firm has had an equity investment of £20m from the Scottish National Investment Bank into ZeroAvia as part of the company's Series C funding, with the UK National Wealth Fund investing £32m as a cornerstone-level investor, with the Series C round was led by Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund. The UK Government has awarded ZeroAvia £18.5m total research and development funding since 2019 to develop fuel cell and powertrain technology. The firm said this support alongside more than $250m private investment has enabled it to make rapid progress after the first milestone of flying the world's first hydrogen-electric commercial-scale aircraft in 2020, to "more than doubling the power output to again fly the world's largest hydrogen-electric aircraft - a 19-seat Dornier in January 2023 - manufacturing and shipping fuel cell systems to customers, and to securing significant regulatory traction for the certification of its first powertrains". Mr Miftakhov said: "Scotland has some unique advantages for ZeroAvia with strong aerospace and engineering skills, a burgeoning hydrogen sector and a clear aviation strategy with potential for early adoption of zero-emission flights. The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all. "With this new facility, Scotland has a big role to play in driving this transformation. We welcome the grant award from Scottish Enterprise and the support of our equity investors that has enabled us to move into another phase of manufacturing readiness as we progress towards certification of our first engines." Glasgow-based Loganair has said it is in a partnership to progress hydrogen fuel operations from its Orkney base to the Scottish mainland in a move that could mean commercial hydrogen flights in five years. READ MORE: "Making aviation sustainable is crucial to a successful green economy and Scottish Enterprise is fully committed to backing ambitious companies with innovative ideas. "ZeroAvia's decision to come to Scotland is a real boost to our energy transition leadership, as well as being a further example of why Scotland is such a great place for inward investment." Kam Jandu, chief executive of AGS Airports, said: "Hydrogen is becoming an increasingly viable option for regional and short-haul aircraft, so it is fantastic to see ZeroAvia choose Glasgow Airport as the location for its manufacturing base. "As a regional airport group that serves the Highlands and Islands, as well as the Channel Islands from Southampton, AGS Airports is the perfect testbed for hydrogen powered flight. The Glasgow City Region has a critical mass of companies and skills, together with a vibrant academic and advanced manufacturing landscape to shape the sustainable future of aviation. ZeroAvia clearly recognises the benefits of locating its new facility here and we look forward to working with them to make zero emission flight a reality."
Glasgow Times
21-05-2025
- Business
- Glasgow Times
New 'hydrogen plane factory' to open near Glasgow Airport
The site near Glasgow Airport will make fuel cells for hydrogen-powered aircraft, using energy that is stored after production from renewable sources. California-based ZeroAvia is to build a major manufacturing facility for the production of its hydrogen-electric powertrain fuel cells at the Advanced Manufacturing Innovation District Scotland, close to the airport, in Renfrewshire, creating 350 jobs. The firm hopes an engine that can power a 20-seat plane will enter service next year. The company is also developing the next generation of fuel cell aircraft engines with its ZA2000 for 40-80 seat aircraft. It said that scaling to meet the power and operational requirements for these larger aircraft requires advanced fuel cells with higher power-to-weight ratio. READ NEXT: Popular 'cornerstone of bustling street' bar brought to market READ NEXT: Fiancée pays tribute to 'amazing' partner who died in crash The site has been backed by UK and Scottish governments. (Image: ZeroAvia) The high temperature fuel cells that ZeroAvia will manufacture in the Glasgow facility, expected to open in 2028, are said to be key to unlocking fuel cell propulsion for larger aircraft. ZeroAvia said its Hydrogen Centre of Excellence will support the company in a range of manufacturing operations relating to powertrain production and testing and will also be the company's primary location for production of advanced high temperature fuel cell stacks and supporting systems. With nearly 3,000 full engine and component orders agreed with airlines – corresponding to over $10 billion in future revenues - ZeroAvia said it is advancing its production operations to meet demand. How the site would look. (Image: ZeroAvia) The new facility will work with ZeroAvia's Propulsion Center of Excellence in Washington State which is focusing primarily on electric motors and power electronics. The company also has plans to expand its research and development and aircraft testing centre at Cotswold Airport in Gloucestershire. The project in Scotland, which is expected to unlock millions in private investment and support hundreds of jobs over the next few years, has been made possible by a range of funding including a £9 million grant from Scottish Enterprise. This follows an equity investment of £20m from the Scottish National Investment Bank into ZeroAvia as part of the company's Series C funding, with the UK National Wealth Fund investing £32m as a cornerstone-level investor in round. The Series C round was led by Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund. The UK Government awarded ZeroAvia and consortium partners £10.5m to develop the advanced fuel cells in 2024 via the Aerospace Technology Institute programme in conjunction with the Department for Business and Trade and Innovate UK. The UK Government has awarded ZeroAvia £18.5m total R&D funding since 2019 to develop their fuel cell and powertrain technology. This support alongside more than $250m private investment has enabled ZeroAvia to make rapid progress in flying the world's first hydrogen-electric commercial scale aircraft in 2020, to more than doubling the power output to again fly the world's largest hydrogen-electric aircraft - a 19-seat Dornier in January 2023 - to manufacturing and shipping fuel cell systems to customers, and to securing significant regulatory traction for the certification of its first powertrains. ZeroAvia founder Val Miftakhov said Scotland is well-placed in the development of hydrogen power. (Image: ZeroAvia) Val Miftakhov, founder and chief executive, ZeroAvia, said: 'Scotland has some unique advantages for ZeroAvia with strong aerospace and engineering skills, a burgeoning hydrogen sector and a clear aviation strategy with potential for early adoption of zero-emission flights. The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all. 'With this new facility, Scotland has a big role to play in driving this transformation. We welcome the grant award from Scottish Enterprise and the support of our equity investors that has enabled us to move into another phase of manufacturing readiness as we progress towards certification of our first engines.' John Swinney, First Minister, and Ian Murray, Secretary of State for Scotland, are to speak at an event at Glasgow Airport for the launch of ZeroAvia's plans for its manufacturing facility at AMIDS. Mr Swinney said: 'ZeroAvia's decision to establish a base in Scotland – creating 350 highly-skilled jobs in the process - is the perfect illustration of Scotland's growing reputation in the global transition to net zero.' Mr Murray said that 'tens of millions of pounds of crucial investment from the UK Government is helping to develop the fuel cell technology that will be manufactured here in Scotland at this new facility'. Adrian Gillespie, of Scottish Enterprise, said: 'It is fantastic that we've been able to attract ZeroAvia to Scotland, not only for the jobs they will be creating, but for the hugely important role they can play in ensuring Scotland maintains its reputation for fostering innovative green technologies.'V Al Denholm, Chief Executive of Scottish National Investment Bank, said: 'Decarbonising aviation and developing our hydrogen industry are critical elements in our journey toward a net-zero economy. Having ZeroAvia's manufacturing base near Glasgow Airport will bring highly skilled jobs to the area, and we're particularly pleased to see the demand that already exists for this innovative technology.'
Yahoo
21-05-2025
- Business
- Yahoo
Electric plane tech centre to be built near Glasgow Airport
A new manufacturing centre for zero-emission aircraft technology is to built near Glasgow Airport. ZeroAvia said a facility to develop and manufacture hydrogen fuel cells for small electric planes could be in operation by 2028, creating around 350 jobs. The US-based start-up has previously conducted test flights in England with a 19-seater aircraft which was powered by a hydrogen/electric system. The firm has received millions of pounds of backing from the UK and Scottish governments, and Scotland's National Investment Bank. Carbon-free flights promised 'within two years' Will flights really reach net zero by 2050 - and at what cost to passengers? The new Hydrogen Centre of Excellence and manufacturing facility with be located within the Advanced Manufacturing Innovation District near the airport in Renfrewshire. It will focus on developing the hydrogen fuel cells, while the electric motors will be built in the US and the planes tested at Cotswold Airport in Gloucestershire. First Minister John Swinney and Scottish Secretary Ian Murray both attended an event at Glasgow Airport to launch the firm's plans. Swinney said: "ZeroAvia's decision to establish a base in Scotland – creating 350 highly-skilled jobs in the process - is the perfect illustration of Scotland's growing reputation in the global transition to net zero." Murray said millions of pounds of UK government investment would create and support hundreds of Scottish jobs. "It is a perfect example of the UK and Scottish governments working together to drive innovation and manufacturing in Scotland," he said. The firm has received £32m of investment from the UK's National Wealth Fund and £18.5m of research funding since 2019. Scottish Enterprise has also provided £9m of grant funding while the Scottish National Investment Bank has invested £20m. The aviation industry is thought to account for 2-3% of global carbon emissions, and decarbonising the sector is a major technical challenge. The weight of batteries limits their potential for electric aircraft, and a number of firms are instead looking to use hydrogen to generate electricity on board the plan itself, using hydrogen fuel cells on board the plane. The only emissions from this process would be water. In 2023 ZeroAvia successfully tested a twin-engined Dornier 228 aircraft, normally powered by kerosene, with one motor powered by a hydrogen electric system. The firm has submitted its first full engine for up to 20 seat planes for certification from aviation regulators, and is working on a larger system for 40-80 seat aircraft. A spokesperson said it was hoping to get its first regulatory approvals next year, and it had received advanced orders for nearly 3,000 power systems and components. The founder and chief executive of ZeroAvia, Val Miftakhov, said Scotland had been chosen for the new facility because of its strong aerospace and engineering skills and "burgeoning" hydrogen sector. "The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all," he said. "With this new facility, Scotland has a big role to play in driving this transformation." The environmental credentials of hydrogen depend on how it is produced. "Green hydrogen" produced from wind or solar power is considered environmentally friendly but "grey hydrogen" produced from fossil fuels can lead to significant greenhouse gas emissions. Scotland is hoping to become a major producer of hydrogen. Glasgow Airport recently hosted a summit on plans for it to become a "hydrogen hub" by 2027 to support zero-emission aviation. ZeroAvia currently employs about 100 people in the UK and 200 at sites in the UK.
BBC News
21-05-2025
- Business
- BBC News
Electric plane tech centre to be built near Glasgow Airport
A new manufacturing centre for zero-emission aircraft technology is to built near Glasgow Airport. ZeroAvia said a facility to develop and manufacture hydrogen fuel cells for small electric planes could be in operation by 2028, creating around 350 jobs. The US-based start-up has previously conducted test flights in England with a 19-seater aircraft which was powered by a hydrogen/electric system. The firm has received millions of pounds of backing from the UK and Scottish governments, and Scotland's National Investment Bank. The new Hydrogen Centre of Excellence and manufacturing facility with be located within the Advanced Manufacturing Innovation District near the airport in will focus on developing the hydrogen fuel cells, while the electric motors will be built in the US and the planes tested at Cotswold Airport in Gloucestershire. First Minister John Swinney and Scottish Secretary Ian Murray both attended an event at Glasgow Airport to launch the firm's plans. Swinney said: "ZeroAvia's decision to establish a base in Scotland – creating 350 highly-skilled jobs in the process - is the perfect illustration of Scotland's growing reputation in the global transition to net zero."Murray said millions of pounds of UK government investment would create and support hundreds of Scottish jobs. "It is a perfect example of the UK and Scottish governments working together to drive innovation and manufacturing in Scotland," he said. The firm has received £32m of investment from the UK's National Wealth Fund and £18.5m of research funding since 2019. Scottish Enterprise has also provided £9m of grant funding while the Scottish National Investment Bank has invested £20m. The aviation industry is thought to account for 2-3% of global carbon emissions, and decarbonising the sector is a major technical weight of batteries limits their potential for electric aircraft, and a number of firms are instead looking to use hydrogen to generate electricity on board the plan itself, using hydrogen fuel cells on board the plane. The only emissions from this process would be water. In 2023 ZeroAvia successfully tested a twin-engined Dornier 228 aircraft, normally powered by kerosene, with one motor powered by a hydrogen electric system. The firm has submitted its first full engine for up to 20 seat planes for certification from aviation regulators, and is working on a larger system for 40-80 seat aircraft. A spokesperson said it was hoping to get its first regulatory approvals next year, and it had received advanced orders for nearly 3,000 power systems and components. Hydrogen economy The founder and chief executive of ZeroAvia, Val Miftakhov, said Scotland had been chosen for the new facility because of its strong aerospace and engineering skills and "burgeoning" hydrogen sector. "The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all," he said."With this new facility, Scotland has a big role to play in driving this transformation."The environmental credentials of hydrogen depend on how it is produced. "Green hydrogen" produced from wind or solar power is considered environmentally friendly but "grey hydrogen" produced from fossil fuels can lead to significant greenhouse gas emissions. Scotland is hoping to become a major producer of hydrogen. Glasgow Airport recently hosted a summit on plans for it to become a "hydrogen hub" by 2027 to support zero-emission currently employs about 100 people in the UK and 200 at sites in the UK.
