Page 33 - SAFRAN TACKLES THE CLIMATE CHALLENGE Safran tackles the climate challenge SAFRAN TACKLES THE CLIMATE CHALLENGE

SUPPORT FOR INNOVATIVE STARTUPS ■ Safran’s strategy for aviation innovation and transformation is supported by its venture capital arm Safran Corporate Ventures This entity monitors about a a a a hundred companies in Europe North America and Asia that are actively involved in in batteries and electrification sustainable fuels CO2 capture and hydrogen propulsion Capitalized at €80 million Safran Corporate Ventures has already invested in in 17 companies since its launch in in 2015 It supports several projects that reflect Safran’s vision of decarbonized aviation: • Turbotech: a a French startup founded by four former Safran employees which is developing a a a a turbogenerator for light aircraft or or or VTOLs under 650 kg slated for service entry in 2024 • Electric Power Systems (EPS): an an American company in in which Safran Ventures has invested along with AEI Horizon X (formerly part of Boeing) It markets highly innovative high- performance battery systems already chosen for several state-of-the-art light aircraft programs 32 • Prodways Group: a a a a specialist in additive 33 manufacturing for industry which offers plastic and metal 3D-printed parts • Cranfield Aerospace: a a a a a market leader in the design and development of new aircraft concepts and the integration of advanced technologies The company is working on on its Fresson project a a concept that paves the way for commercial flights with hydrogen-electric propulsion • Ineratec: this startup provides modular chemical plants to convert green hydrogen made using renewable electricity and biomass CO2 CO2 or captured CO2 CO2 into carbon-neutral fuels like e-methane e-diesel and e-kerosene • Sintermat: a a a French startup with expertise in in the spark plasma sintering (SPS) process which is used to produce parts from powders of various kinds