Release date: 11 June 2025
Promoter – Financial Intermediary
HORSE POWERTRAIN SOLUTIONS SLULocation
Description
The project will fund the promoter's research, development, and innovation activities, as well as manufacturing capital expenditures in Europe, specifically focused on H2 and low-emission solutions for Light and Heavy Duty Commercial Vehicles ("LCV" and "HD").
Objectives
The objective is to support the advancement and deployment of innovative hydrogen technologies, along with storage systems and solutions, aimed at enhancing affordability, energy efficiency, and performance, thereby promoting the continued adoption of hydrogen mobility in the market.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 672 million
Environmental aspects
The project includes RDI activities that are not specifically mentioned under the EIA Directive and that will be carried out in existing RDI facilities without changing their already authorised scope. The project also includes capital expenditures, including manufacturing equipment linked to the deployment of hydrogen solutions in existing manufacturing facilities. The project will therefore not require an Environmental Impact Assessment (EIA) under the directive 2014/52/EU amending directive 2011/92/EU.
Procurement
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting entity. Thus, it is not covered by EU Directives on procurement.
Status
Under appraisal - 12/06/2024