Project SkyPower

Project SkyPower has united over 40 leading organisations from across the European aviation ecosystem with a shared vision of making eSAF a commercial reality this decade. Carbon Clean is proud to support the scaling of eSAF and develop operational first-of-a-kind plants. There are less than two years to get the first large-scale eSAF projects to Final Investment Decision (FID) in order to meet 2030 eSAF mandates. Innovative #carboncapture solutions, like our modular and columnless CycloneCC technology, will be vital in meeting the required #eSAF volumes and a more sustainable future in #aviation. Find out more below: ?? https://hubs.la/Q02Ykyl40

We at Nordic Electrofuel are super proud to be one of the few members of the Project SkyPower producing e-SAF before 2030 in our plant at Her?ya Industripark AS! The report ist a great analysis of the current situation and a must-read for policy makers to get a comprehensive 360°-stakeholder-view!

?? Cleantech in Iberia: Spotlight on Portugal ???? I had the pleasure of spending two days in Portugal with Cleantech for Iberia, meeting with Jo?o Rui Ferreira State Secretary for Economy and Maria Jo?o Pereira State Secretary for Energy and joining the #websummit. Hearing and seeing firsthand how Portugal is not only setting ambitious climate targets—like achieving 81% renewable energy by 2035—but also taking concrete actions to get there. Here’s how Portugal is walking the talk: ?? Targeted Capital for Deep Tech Innovation: Today’s announcement from the Minister of Economy Pedro Reis revealed a new €100M deep tech fund, with €50M of public funding, aimed at accelerating breakthroughs in clean energy and tech. ? Innovation in Permitting: Portugal is pioneering a one-stop-shop permitting process to streamline project approvals, a critical step to attracting investment and accelerating project timelines in the cleantech sector. Hugo Carvalho ?? Forthcoming Strategies: An energy storage roadmap and a green industrial strategy are on the horizon, demonstrating Portugal’s proactive approach to building a resilient, low-carbon energy system. Rondo Energy REGA ENERGY and Long Duration Energy Storage Council (LDES Council) ?? Decarbonizing Aviation: Portugal’s Alliance for Aviation Decarbonization has the potential to unlock funding for sustainable aviation fuel (SAF) plants, including through favorable tax policies. Project SkyPower ? Supporting Electro-Intensive Industries: With electricity tax reductions in the pipeline, Portugal aims to support its electro-intensive industries and keep them competitive on the global stage—a recommendation echoed in #Mario Draghi’s competitiveness report. ?? Growing Venture Capital Ecosystem: Portugal’s VC landscape is vibrant and expanding, with impactful investors like maze impact, #Hcapital and Portugal Ventures driving growth in cleantech entrepreneurs and companies. Luís Rebelo Ana Campos and Bianca Dragomir (at #cop29) at Cleantech for Iberia thank you for your invaluable insights over these past two days. And what a thrill to come back to the #websummit and to talk onstage about Breakthrough Energy and #insights on game changing cleantechs. ?? Portugal is poised to become a cleantech powerhouse. With the right policy frameworks, innovative public processes, and targeted funding, the country is setting a strong example for sustainable growth and to become a leading #cleanenergy hub for Europe. ????Let’s keep the momentum going—there’s a lot to learn and celebrate here in Iberia!

Project SkyPower is a great step towards making #SustainableAviationFuel more accessible. This initiative can really help #airports and #airlines work together to lower #CO2emissions. Exciting to see real progress in this area!

New Tool from Project SkyPower: Open-Source Model for e-SAF Economics ?? #ProjectSkyPower is pleased to share the techno-economic modelling behind our recent Insights Report analysis with the aim of bringing transparency to the economics of e-SAF production in Europe. This bottom-up cash flow model, developed in collaboration with industry experts and using open-source data, simulates project-level economics for e-SAF production in various countries across Europe. ?? Fully customisable: Adjust key parameters like production pathway (RWGS-FT vs. MtJ), financing structure, and plant setup to explore what drives costs and financial viability. ?? Highlights required levers for bankability: See key outputs like levelised cost of production, IRR/NPV, and payback period under different scenarios, and test key policy and market levers that impact project bankability. This tool is designed to encourage informed, collaborative discussions across the e-SAF value chain. Access the tool via our website: https://bit.ly/4hOC3YP For more info, contact us at [email protected] #Aviation #Sustainability #e-SAF

Industry leaders Marjan Rintel, Amy Hebert and Paul Polman, have come together to form Project SkyPower, an urgent mission to make e-SAF a commercial reality this decade and secure a lower emissions future for the aviation industry. Europe has a once-in-a-generation opportunity to become a global leader in e-SAF technology. By scaling this innovative fuel, we can unlock commercial benefits, create new jobs, and secure the future of the 14 million jobs already tied to aviation. The e-SAF industry presents a potential €80+ billion market opportunity in Europe by 2050. Beyond aviation, this breakthrough fuel will have spillover benefits for the decarbonisation of industries like shipping, steel, and fertiliser production. Let’s seize this chance to lead the way globally. #ProjectSkyPower #EuropeanLeadership #GreenEnergy #FutureOfAviation Air France-KLM Arcadia eFuels

We have less than two years to get first large-scale e-SAF projects to Final Investment Decision (FID) in order to meet 2030 e-SAF mandates. With the project development timelines shown, we need to start breaking ground on first large-scale e-SAF projects by 2026, hence FID needs to be reached by end of next year. Any delays could mean missing mandated targets for e-SAF production—jeopardising progress towards critical climate targets. Achieving this timeline is critical for reducing emissions from mid-to-long haul flights and securing Europe’s leadership in clean aviation technology. Project SkyPower’s report outlines vital actions needed to overcome barriers and achieve scale, ensuring Europe realises the strategic and climate benefits of e-SAF. Access the full ‘Accelerating the take-off for e-SAF in Europe’ report here: https://lnkd.in/dzxE2fJH Now is the time to act.. #eSAF #ProjectSkyPower #Aviation #FID

ACCELERATING THE TAKE OFF FOR ESAF IN EUROPE ?? ?? Global aviation demand is set to keep growing, especially in emerging markets where people don’t fly nearly as much as we do in Europe or North America. ?? Innovation is the only way to diffuse this ticking emissions time bomb - and it all starts with clean aviation fuels that can be used in today’s planes, many of which will still be flying in 2050. In fact, fuels are expected to deliver around 2/3 of the total aviation emission reductions needed to reach net zero. ?? eSAF, a synthetic aviation fuel produced from clean hydrogen and CO2, can complement high-integrity biofuels that are constrained by feedstock availability. Synthetic SAF can reduce emissions drastically, has fewer barriers to scale and can become more competitive over time through additional innovation. ???????? Europe has put in place the world’s most advanced policy framework to decarbonize aviation, which includes carbon pricing, binding blending mandates for SAF and eSAF to 2050 and steep penalties. The challenge today is turning these demand signals into final investment decisions - to finally make eSAF a commercial reality. ?? And this is exactly the objective of Project SkyPower, a groundbreaking initiative bringing together the whole aviation and energy value chains - from producers to offtakers, and everything in between - to make eSAF a commercial reality by 2030. In addition to its groundbreaking work to align over 50 organizations on eSAF techno economics, barriers to FID and possible solutions, the initiative has developed a 10 point action plan to ensure this nascent technology scales to meet our ambitious eSAF goals for 2030 onwards. ?? The SkyPower experience is a blueprint for other sectors with hard to abate emissions, where progress requires a common vision and alignment between several new value chain actors that now need to work together. The Secretariat of Project SkyPower is led by @Systemiq, @ the Green Finance Institute, and the @Mission Possible Partnership. We are proud to support this initiative alongside our philanthropic partners at @CIFF and @Climate Works. ?? Find out more in Project SkyPower’s first insight report, “Accelerating the take off for eSAF in Europe” https://lnkd.in/div-eEvs Air France-KLM easyJet Victor Copenhagen Airports A/S, Arcadia eFuels , Velocys Topsoe SkyNRG Technip Energies ING Natixis Investment Managers Rockton KGAL GmbH & Co. KG (KGAL) Marjan Rintel Amy Hebert Paul Polman Anna Stratton Terri Wills Eveline Speelman Maximilian Held Mariano Berkenwald ClimateWorks Foundation Children's Investment Fund Foundation (CIFF) Breakthrough Energy Green Finance Institute Ingrid Holmes Joshua Garton Project SkyPower Systemiq Ltd. Mission Possible Partnership European Commission European Investment Bank (EIB) Department for Transport (DfT), United Kingdom Direction Generale de l'Aviation Civile

How do we accelerate the take-off for e-SAF in Europe and achieve the paradigm shift necessary to achieve 2030 ReFuelEU and UK e-SAF mandates? Project SkyPower members have aligned on a 10-point action plan that, if implemented, could: 1?? In the short term, provide a pathway to first investment decision (FID) for the first large-scale e-SAF plants in Europe by the end of 2025 2??In the long-run, support the next wave of e-SAF projects and broader scale-up of e-SAF beyond 2030. This transition will not be driven by economics - it will be driven by political will and industry ambition. A fundamentally different approach is required in which the full value chain and policymakers put their weight behind the European e-SAF industry: ?? Policy makers need to scale direct support to e-SAF from the millions to the billions. ?? Offtakers need to sign 10+ year binding offtake agreements to provide revenue certainty ?? Financiers need to better understand the risks of FOAK (first-of-a-kind) e-SAF projects in order to manage them adequately and provide financing. Swipe below to view five short-term actions for first projects to get to FID in the next year, plus another five long-term actions needed to ensure the scale-up of e-SAF beyond 2030. Access the full ‘Accelerating the take-off for e-SAF in Europe’ report here: https://bit.ly/4f13MTY #ProjectSkyPower #EuropeanLeadership

Earlier this year, I had the honour of joining Paul Polman and Marjan Rintel as co-chair of Project SkyPower, an urgent initiative dedicated to making e-SAF (electro-sustainable aviation fuel) a commercial reality in Europe within this decade.? ? Few industries face a more complex transition away from fossil fuels than aviation. To achieve a lower-emissions future and meet the increasingly stringent fuel mandates in the UK and EU, unlocking the potential of e-SAF is critical. Project SkyPower aims to drive that progress, and I’m proud to be part of this mission, leveraging Arcadia eFuels' expertise in developing commercial-scale e-SAF production facilities across Europe. With the dedication and expertise of our members from across the aviation value chain, we are poised to deliver tangible impact.? ? The action plan published today sets out what needs to happen to get first-of-a-kind projects in Europe to final investment decision before the end of next year and operational by 2030, tipping the technology behind e-SAF to scale. Beyond the obvious climate benefits of a lower-emissions fuel, a thriving e-SAF sector could create jobs, attract future investment and build trust that our industries can transform themselves for a new, more sustainable world. Let’s get to it.? ? Read more on the Project SkyPower website: https://lnkd.in/gJSEbYhF