"Trains, ships and automobiles have all been swept along in recent years by the electric power revolution – and planes are next.
Passenger jets are poised for an electric makeover that could fundamentally change the economics and environmental outlook of the aviation industry. Up until now the fact that the necessary batteries weigh two tonnes each has limited the switch from fossil fuels to a totally electric-powered future.
However, last month a consortium comprising Airbus, Rolls-Royce and Siemens said they had found a way to use hybrid electric jet engines to conquer gravity. They are converting a regional jet into a demonstration plane, called the E-Fan X, which will be ready by 2020."
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KDR Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
