Deal Description: On December 22, 2021, The Electric Aviation Group (EAG), a zero-emission aircraft developer, announced plans to create a joint venture, Hydrogen Hybrid Electric Propulsion Systems (H2EPS) Ltd., with the University of Nottingham to develop and commercialize kW-MW class electric propulsion systems for aerospace and non-aerospace applications.
H2EPS Ltd. will initially be focused on developing and commercializing 2 Megawatt-class electric propulsion systems for future hybrid, all-electric and hydrogen-electric aircraft applications with the mission of fast-tracking the decarbonization of the aviation sector.
EAG will deliver the world’s first true zero (i.e. zero Carbon and NOx emissions) 90-seater hydrogen hybrid-electric regional aircraft (H2ERA). Baker Botts is advising EAG on the joint venture.
Baker Botts Lawyers/Office Involved:
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