That's cool that they're funding it and moving forward. More downmass capability and reuse is vital for viable orbital manufacturing.
this post was submitted on 17 May 2025
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European Space Agency
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first phase began in the second half of 2024 and focused on identifying the technology maturation needs
also included an assessment of potential commercial applications
While the call did not provide much additional detail, it does note that Phase 2 will involve early long-lead technology maturation and demonstration activities.
I hope they build some hardware soon :)