EU awards €7.8 mn for Steesmat Project

The Horizon Europe program of the EU’s Steesmat project has been awarded €7.8m (US$8.2m) to build a medium voltage direct current (MVDC)-based power system that would replace the present conventional alternating current (AC) systems. Thirteen European partners will work together to develop a power distribution system specifically designed to meet the requirements of zero-emission vessels,