POSEIDON

Country
Croatia

POSEIDON is the EU's first commercial wave-to-hydrogen investment: a 50 MW plant combining wave-energy converters and PEM electrolysis at Žigljen (Island of Pag, Croatia), producing up to 7,960 t/year of renewable hydrogen (RFNBO) for North-Adriatic industry and maritime transport. The EUR 276.5 M investment, validated by an operational 1 MW pilot, will avoid ~97,000 t CO₂eq/year and provides a replicable blueprint for up to 2 GW of wave-to-hydrogen capacity along

Lead developer Leonitus d.o.o.
Project partner

H2 production

Wave-to-Hydrogen Project

Locations
Croatia | Novalja

Project details

Production volume

H2 production from electrolysis

7,960 H2 tons/year

Final products

7960.00 tons/year of H2

H2 color

Green

Total electrolyser capacity

50.00 MW (Final built out stage)

Total investment (CAPEX)

276.50 EUR m

Value chain coverage

Primary energy sourcing

Dedicated onsite renewables - 50.00 MW Other - 50.00 MW

H2 production

Polymer electrolyte membrane (PEM) electrolyser – 50.00 MW

H2 Storage

Artificial - 30.00 tons

H2 transport

Trucking Shipping

H2 distribution for mobility

350 bar (for cars and similar vehicles)

End use

Mobility

Road Shipping

Industry

Refineries Other

Project timeline

Planned timeline for First built out stage

Q2 2023 Project initiated
Q1 2024 Concept study completed
Q2 2026 Feasibility study completed
Q2 2028 FEED completed
Q4 2029 Final Investment Decision taken
Q1 2030 Construction started
Q2 2033 In operations