Engines
Universal Hydrogen Runs Out of Cash and Closes Business
The failure of efforts to raise more funding was acknowledged in a June 30 statement
Universal Hydrogen's Dash 8 aircraft
In March 2023, Universal Hydrogen managed to fly a converted Dash 8 regional airliner partly powered by hydrogen.

Universal Hydrogen has abandoned its efforts to convert regional airliners to run on liquid hydrogen, with the U.S. startup acknowledging over the weekend that it is closing the business. News of the company’s closure first broke in the Seattle Times on Saturday and then on Sunday its chairman and CEO, Mark Cousin, issued a public statement confirming the report.

“We confirm the unfortunate news that Universal Hydrogen Co. has made the difficult decision to wind up the company,” Cousin said in a written statement. “While we have been pursuing new capital for some time and evaluating various strategic options, we have been unsuccessful in closing any new investment and therefore our board has made this decision.”