VECO's Poseidon Project Receives €27M Funding for Hydrogen Technology Advancements
Key Ideas
- The Poseidon project, led by VECO, secured €27,000,000 in Next GenerationEU funding to advance hydrogen technology in transportation.
- With a total budget of €52,000,000, the project will boost R+D processes, production capabilities, and facilities in Barcelona, Madrid, and Valladolid.
- The project envisions the creation of heavy-duty commercial vehicles powered by hydrogen for regional and urban use, contributing to decarbonization goals in Europe.
- Poseidon is part of the PIICE Hy2Tech project, uniting 41 initiatives across 15 EU member states for the development of hydrogen technology.
VECO's Poseidon project, supported by €27,000,000 in Next GenerationEU funding, is dedicated to advancing hydrogen technology in transportation. With a total budget of €52,000,000, the project aims to drive innovation in R+D processes, production capabilities, and facilities located in Barcelona, Madrid, and Valladolid. The ultimate goal is to manufacture heavy-duty commercial vehicles powered by hydrogen for regional and urban transportation needs. This initiative falls under the PIICE Hy2Tech project, which joins 41 initiatives from 15 EU member states to accelerate the decarbonization goals of the European economy.