| Project Detail |
The promoter is a Denmark-based company that develops High Temperature Proton Exchange Membrane (HT-PEM) fuel cell technology capable of operating with methanol. The loan will finance its technology research, development, innovation (RDI) and production scaling efforts focusing on HT-PEM fuel cell systems for maritime auxiliary power units (APUs) and propulsion from 2024 to 2027.
Objectives
The aim is to accelerate the decarbonisation of maritime transport by advancing the promoters HT-PEM and initiating its deployment, which will reduce emissions and therefore deliver significant environmental and economic benefits. The project will also generate positive knowledge spill overs from in-house RDI activities and collaborations. Additionally, it will strengthen the EU competitiveness by addressing investment gaps.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 63 million |
