On October 1st, World Funding had the honor of being featured in the RISCH MAGAZINE, a renowned monthly journal published by the Risch Law Firm.
This article not only explores the exciting developments in aviation, but also provides invaluable legal insights, making it a must-read for anyone passionate about the aviation industry’s future.
We invite you to explore this insightful piece that sheds light on the aviation industry’s journey toward a greener future.
The column was published as following:
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By: Thomas Hessel – Toulouse, France
Sustainable fuels were often doubted for their effectiveness, especially in aviation. However, this perception is about to change. Aviation is an industry where it has long been agreed that net-zero goals were unachievable within our lifespans, given factors such as the need for propulsion mechanisms meeting the demand for long-range capabilities and high potency.
These factors have always turned the thought of using any clean alternative into an unattainable solution. Nonetheless, companies are now demonstrating that the zist century has arrived, bringing with it technological advancements that will most definitely put a halt to the use of fossil fuels.
This is precisely what Rolls-Royce aimed to challenge by showcasing its newly developed hydrogen engine at the Aerospace Test and Development Show hosted in Toulouse, France.
ROLLS-ROYCE’S HYDROGEN AVIATION ADVANCEMENTS
Gathering high-level aviation executives from around the world, Rolls-Royce has once again proven that the use of hydrogen as a propellant is reliable, potent, and, above all, environmentally sustainable. Naming it ‘Project Lavoisier,’ Rolls-Royce has paved the way for the reconciliation of sustainability and efficacy in an exciting and foreseeable future.
While using hydrogen as fuel was already being experimented with in cars, Rolls-Royce has now, for the first time, been able to implement this technology in a modern jet engine. It is important to note that, although promising, hydrogen-powered engines face challenges, notably with high associated costs.
HYDROGEN CHALLENGES AND LEGAL OUTLOOK
One of the most prominent ones being the production and storage of hydrogen in its liquid form at approximately -253 Celsius, altogether with establishing a safe and efficient hydrogen distribution network that also poses a strong logistical challenge.
Despite these challenges, hydrogen holds promise for various applications beyond aviation, including industrial use, residential heating, and electricity generation.
With such news, manufacturers will now be racing to innovate and enhance the efficiency, safety, and affordability of hydrogen-powered engines. Consequently, the legal community shall play a crucial role in establishing a legal and regulatory framework to ensure fair competition and the responsible development and commercialization of these technologies.
It is of the utmost interest for law firms to now actively engage and anticipate the legal needs and challenges that this evolving industry will present, thus creating an environment prone for the development of a sustainable future