KJAX
2 days ago
Perka: Production in the Green HIPo should be exclusively from RES and not from fossil fuels
12 04 2024
The Member of Parliament of Florina and Secretary of K.O. of the New Left, Petis Perkas, submitted a question to the Minister of Environment and Energy regarding the "Green HIPo" hydrogen project.
Peti Perka emphasizes that the hydrogen that will be produced should come exclusively from Renewable Energy Sources (green hydrogen) and the use of fossil fuels for its production will be excluded. The wording in the specification issue presented in the 6th Written Procedure of the Monitoring Committee of the Just Development Transition Program (JTPP) 2021-27 does not exclude the use of fossil fuels for the same purpose.
It is necessary to clarify on the one hand what will be the destination of the electricity produced by the hydrogen cells and on the other hand the compatibility of the design with the National Energy and Climate Plan (ESEK). For example, if he means that the electricity produced by the hydrogen cells will be used in electric cars, then there is a question of very low efficiency in the use of green hydrogen for electrification, which is not recommended.
The path of implementation of the PDAM, up to the present phase, is not consistent with the national strategy for the development of energy storage infrastructure as reflected in the ESEK, according to which there is a balance between three energy storage technologies (batteries, pumped storage and hydrogen). So far, two programs concerning hydrogen and none of the other storage technologies have been presented.
Taking into account the above, Peti Perka concludes with four questions to the competent Minister.
question by P. Perkas: "The Green HiPo project (hydrogen) is positive with reasonable questions that need to be answered"
Question
To the Minister of Environment and Energy
Topic: "Green HiPo (Hydrogen) Project Positive with Reasonable Questions Needing Answered"
In the 6th Written Procedure of the Monitoring Committee of the Just Development Transition Program (JTPP) 2021-27, the Green HiPo project was presented, which is part of a Project of Common European Interest in the field of hydrogen, which is initially positive. However, there are issues to be discussed and clarified as pointed out by the green tank [1] .
The hydrogen that will be produced should come exclusively from Renewable Energy Sources (green hydrogen) and the use of fossil fuels for its production will be excluded. The wording in the presented specification does not exclude the use of fossil fuels for the same purpose.
It is necessary to clarify on the one hand what will be the destination of the electricity produced by the hydrogen cells and on the other hand the compatibility of the design with the National Energy and Climate Plan (ESEK). For example, if he means that the electricity produced by the hydrogen cells will be used in electric cars, then there is a question of very low efficiency in the use of green hydrogen for electrification, which is not recommended.
There is no update on the location of the project and of course the Special Town Planning Plans (STP) of the Depolitization Zones (ZAP) have not been approved. In any case, the tendency to concentrate potential investments in the capital of the Region of Western Macedonia does not go hand in hand with the balanced development of the lignite regions of Kozani and Florina.
The path of implementation of the PDAM, up to the present phase, is not consistent with the national strategy for the development of energy storage infrastructure as reflected in the ESEK, according to which there is a balance between three energy storage technologies (batteries, pumped storage and hydrogen). So far, two programs concerning hydrogen and none of the other storage technologies have been presented.
Taking into account the above, the competent Minister is asked:
Will the hydrogen that will be produced come exclusively from Renewable Energy Sources (green hydrogen) or will it also be produced from the use of fossil fuels?
What will be the fate of the electricity produced by the hydrogen cells? Will it be used for example in electric cars?
Where will the project be located? Is the balanced development of the lignite areas ensured in a fair way?
Is the implementation path of the PDAM, up to the present phase, consistent with the national strategy for the development of energy storage infrastructure as reflected in the ESEK?
The questioning Member of Parliament
Theopisti (Peti) Perka
[1] https://thegreentank.gr/wp-content/uploads/2024/02/20240206_Comments_Green_Tank_6h_grapth_diadikasia.pdf
https://perkapeti-gr.translate.goog/erotisi-p-perka-quot-thetiko-me-eyloga-erotimata-poy-chrizoyn-apantisis-to-ergo-green-hipo-ydrogono-quot/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
WeTheMarket
3 weeks ago
Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector
04/04/2024
https://ir.advent.energy/news/news-details/2024/Advent-Technologies-Signs-Strategic-Joint-Development-Agreement-with-Siemens-Energy-to-Expedite-the-Decarbonization-of-the-Maritime-Sector/default.aspx
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies.
The newly signed JDA outlines the collaboration between Advent and Siemens Energy, combining Advent's HT-PEM fuel cell 50kW modules utilizing its innovative Ion-Pair™ membrane electrode assembly (MEA) technology with Siemens Energy's electrification and automation solutions for hybrid and electric vessels.
The goal is to develop an integrated 500kW High-Temperature Proton Exchange Membrane (“HT-PEM”) fuel cell solution for maritime applications and then evaluate to scale down/up the system to fit with market requirements from motor and Giga Yachts to ferries and container/commercial ships.
The innovative clean energy solution resulting from this multi-year collaboration is expected to initially address the power needs of large yachts. Subsequently, plans are underway to broaden its application to include ferries and commercial/container vessels.
The initial prototype testing for the HT-PEM fuel cell module is expected to take place at Siemens Energy's testing facility in Erlangen, Germany, in 2025, with the testing of the first fuel cell module scheduled for completion in 2026. Advent is currently engaging with world-leading customers in the maritime industry and anticipates signing commercial term sheets in the near term to pursue upcoming Requests for Proposals (RFPs).
This agreement builds upon the strong collaboration between Advent and Siemens Energy, which began in February 2022 with the Sanlorenzo Life Ocean pilot project. In this project, the companies jointly developed a marine HT-PEM fuel cell solution to provide clean power for hotel functions aboard a 50-meter Sanlorenzo superyacht. Additionally, in March 2024, Advent and Siemens Energy deepened their collaboration by joining as consortium partners in the RiverCell 3 research and development project, which is partially funded by the German Federal Ministry for Digital and Transport as part of the National Innovation Programme Hydrogen and Fuel Cell Technology.
Advent Technologies' HT-PEM fuel cells utilizing the innovative Ion Pair™ MEA technology, offer high-temperature operation between 80°C and 240°C. This advancement extends their lifespan by at least threefold and doubles the power density compared to earlier Advent systems. Additionally, Advent’s HT-PEM fuel cell technology enables the use of liquid green fuels like eMethanol, enhancing efficiency by utilizing both heat and electricity, resulting in high resilience. These fuel cells can function with impure hydrogen, impure air intake, and in extreme ambient temperature and humidity conditions, making them an ideal choice for widespread adoption in the maritime industry.
As the world advances towards extensive green hydrogen production, eMethanol emerges as a leading choice for marine fuel in the maritime industry, promising a potential 100% reduction in CO2 emissions. Methanol and its derivatives function as versatile energy carriers and storage solutions, efficiently releasing hydrogen catalytically through fuel reformers. With its efficient storage capabilities, ease of handling, and utilization of existing infrastructure for transportation, methanol stands as a secure and economically viable alternative to fossil fuels.
Advent’s Chaiman and CEO, Dr. Vasilis Gregoriou, commented: “The Advent team is thrilled to witness Siemens Energy's recognition of the immense potential of HT-PEM fuel cell technology in maritime applications. After two years of intensive collaboration, we stand prepared for the next stage, with the goal of positioning HT-PEM fuel cell technology as a pivotal element in global decarbonization initiatives, working towards achieving net-zero emissions in the maritime sector by 2050. We look forward to maintaining our collaborative momentum, combining our extensive fuel cell expertise with Siemens Energy's unparalleled experience in electrification and automation solutions, to collectively pave the way for a more sustainable future in maritime operations worldwide.”
About Advent Technologies Holdings, Inc
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
WeTheMarket
1 month ago
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD APRIL 29, 2024
We are pleased to notify you that Advent Technologies Holdings, Inc. (“Advent,” “we,” “our,” “us,” or the “Company”) will hold a special meeting of our stockholders (the “Special Meeting”) on April 29, 2024, at 9:00 a.m. Eastern Time, in a virtual meeting format at www.virtualshareholdermeeting.com/ADN2024SM for the following purposes:
1. To amend the Company’s Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to effect, at the discretion of the Board of Directors (the “Board”), a reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a ratio in the range of 1-for-2 to 1-for-30, with such ratio to be determined at the discretion of the Board (the “Reverse Split Proposal”);
2. To approve an amendment to the Advent Technologies Holdings, Inc. 2021 Equity Incentive Plan (the “Plan”) to increase the number of shares of Common Stock issuable under the Plan from 6,915,892 to 17,079,188; and
3. To transact such other business as may properly come before the meeting or any adjournments and postponements thereof.
Our board of directors has established the close of business on March 8, 2024, as the “record date” for the Special Meeting (the “Record Date”).
This means that you are entitled to vote at the Special Meeting (by remote communication or by proxy) if our stock records show that you owned our Common Stock at that time.
A list of stockholders as of the Record Date will be available at our headquarters at 500 Rutherford Avenue Suite 102, Boston, MA 02129 for a period of at least ten (10) days prior to the Special Meeting. A list of stockholders will also be available electronically on the virtual meeting website during the meeting.
The Special Meeting will be a completely virtual meeting, which will be conducted via live webcast. You will be able to attend the Special Meeting online, vote your shares, and submit your questions during the meeting by visiting www.virtualshareholdermeeting.com/ADN2024SM. Details regarding how to attend the Special Meeting online are more fully described in this proxy statement.
Whether you plan to attend the Special Meeting or not, it is important that you cast your vote either by remote communication at the meeting or by proxy. You may vote at the meeting over the Internet, telephone or by mail. You are urged to vote in accordance with the instructions set forth in this proxy statement. We encourage you to vote by proxy so that your shares will be represented and voted at the meeting, whether or not you can attend. You will need the 16-digit control number included with the Notice, on your proxy card, or the instructions that accompany your proxy materials to attend the Special Meeting virtually via the Internet.
Link https://stkt.co/G2Rmu726
WeTheMarket
1 month ago
Green hydrogen: Large energy groups in the battle for production
Waiting for the regulatory framework
Machi Tratsa
17.03.2024
https://www.ot.gr/2024/03/17/green/ydrogono/prasino-ydrogono-sti-maxi-gia-tin-paragogi-megaloi-energeiakoi-omiloi/
The dynamic course of the green energy transition has brought to the fore zero-emission technologies, such as hydrogen. The creation of a "green" hydrogen economy produced with energy from Renewable Sources is included in the EU's strategic planning focusing on the gradual development of hydrogen production projects and transport networks, with priority given to its use as a fuel in transport, industry, but also its utilization for long-term energy storage in electricity production.
National Strategy
Mobility is already taking place in Greece, with many domestic energy "fireplaces" developing various projects. However, as the technology is not yet fully mature, significant State or Community aid is needed to support them. At the same time, a strategy and regulatory framework are needed.
Advent Technologies: Next steps for the green hydrogen plant in Kozani
The long-awaited National Strategy for hydrogen, as stated in "Vima" by the Deputy Minister of Energy Mrs. Alexandra Sdoukou, will be included and reflected in the National Energy and Climate Plan (NECP). "Hydrogen is not an end in itself – the goal is to move to a net-zero carbon economy, at the lowest possible cost, and therefore the hydrogen strategy cannot be a fragmentary text," he stresses.
Regulatory framework
According to the deputy minister, the regulatory framework for hydrogen is also under development, which will be ready by June, as it is a milestone of the Recovery Fund. "It is not an easy task as a number of challenges have to be addressed concerning this new energy carrier, such as the certification of hydrogen as renewable, given that there is also non-renewable hydrogen production, ie from fossil fuels or from electricity derived from fossil fuels," says Ms. Sdoukou.
However, already with EUR 19.5 million in funding secured, The "Hydrogen Hub", a demonstration project in Ptolemaida, is proceeding with the Just Development Transition Fund. On February 7, the first phase of the competition for its creation was completed by the Institute of Chemical Processes and Energy Resources of the Centre for Research and Technology Hellas (CERTH).
According to the research director Mr. Panagiotis Grammalis, interest was expressed by three construction companies (Thales of the Motor Oil group, TEKAL and ERGOTEK) and at the end of April the appointment of the contractor is expected, with the operation of the project to be determined, unless unexpected, at the end of 2025.
Electrolysis
Electrolysis projects
At the same time, many electrolysis projects are being baked in Greece by domestic energy groups, such as the "North project 1" in Western Macedonia by Hellenic Hydrogen (a joint venture of Motor Oil and DEH) and the "Blue Med" by Motor Oil at its facilities in Corinth. Also, HELLENiQ Energy is planning a small electrolysis plant at the Elefsina refinery while it is considering the development of a larger unit at the Thessaloniki refineries.
ADVENT Technology is maturing Green HiPo in Western Macedonia, which has been included in the IPCEI (Important Projects of Common European Interest), as well as B&T Composites' H2CAT. Furthermore, Eunice along with eight other partners is promoting the Crete-Aegean hydrogen hub "CRAVE H2", TITAN Group is promoting the H2CEM project, etc.
The Hellenic Gas System Operator (DESFA) plans to blend existing natural gas infrastructure with hydrogen in the medium term, while it looks forward to the inclusion of the first hydrogen pipeline in Greece in the list of projects of common European interest. Investment interest is also high at European level. Recently, the EU launched a pilot auction to financially support projects per kilogram of hydrogen produced, which attracted 132 projects from 17 European countries.
WeTheMarket
1 month ago
Form 8K
March 11, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001744494/b5661c13-3b08-46bb-ba66-c7d11cc8fd7f.pdf
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Chief Financial Of icer Resignation
On March 11, 2024, the board of directors of Advent Technologies Holdings, Inc., a Delaware corporation (the “Company” or “Advent”), accepted the
resignation of Naiem Hussain, Chief Financial Officer (“CFO”) from his positions at the Company, effective at close of business on March 11, 2024. The
Company has identified an external interim CFO candidate expected to serve in this role temporarily.
PennyPusher786
2 months ago
For a company to continue to fail across the past 3 years is a prediction of more failure, Reverse Splits and Dilution to come to be honest...
And judging now from the profile of the CEO On linked inn and their executive team, they seem non-existent in the real world... sadly...
I think we found a bait and pull, scam with failed attempts at pump & dumps... couldn't even break .35 - .40 cents and hold for higher gains....
So likely I will assume that it will go back to .10 - .15 cents and be forced to reverse split and then they will likely dilute with a share offering...
These old scientists are broke and they need money, funding, grants to sustain... so they're telling all the fools like us out here, hey look at us we're doing big things... buy our shares.... anyone can do paid promos... they do it all the time especially on the OTC
And if that fails like I said, Reverse split and share offering. THEN WHAT, are you gonna go knock on their doors and get your money back? Lol ofcouse not.
Maybe it will go up, who knows, but sustained growth seems out of the equation. But don't make any irrational decisions based upon my logic...
We don't want to waste our hard- earned money on crooks... that's all I'm saying. Go look at their LinkedIn Profiles.
CEO - Vasilis Gregoriou
https://www.linkedin.com/in/vasilis-gregoriou-954b9ba/?originalSubdomain=gr
CTO - Emory Decastro
https://www.linkedin.com/in/emorydecastro/
https://www.linkedin.com/company/advent-technologies-inc/jobs/
PROVE ME WRONG, I AM STILL INVESTED BY THE WAY
WeTheMarket
2 months ago
Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector
03/05/2024
https://ir.advent.energy/news/news-details/2024/Advent-Technologies-Participates-in-12.4-Million-Project-to-Reduce-GHG-Emissions-in-the-Maritime-Sector/default.aspx
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space (the “Company” or “Advent”), is pleased to announce that its subsidiary, Advent Technologies A/S, has received approval for funding for its latest research and development project, RiverCell 3. This project aims to develop a maritime fuel cell system resulting in an auxiliary power unit with a total capacity exceeding 500kW. This will be accomplished by utilizing Advent's modular 50kW eMethanol-powered fuel cell systems (“Serene”), which are based on the Company's Ion-Pair™ membrane electrode assembly (“MEA”) technology.
The RiverCell 3 project has a total budget of approximately $12.4 million, from which Advent’s budgeted portion is approximately $6.1 million. The collaborative partners involved in the project include MEYER NEPTUN Engineering GmbH, Siemens Energy Global GmbH & Co. KG, Lloyd's Register EMEA Niederlassung Deutschland and Hochschule Wismar Bereich Seefahrt, Anlagentechnik und Logistik. The project commenced in January 2024 and is scheduled to conclude on December 31, 2026.
RiverCell 3 builds upon the foundation established by previous RiverCell initiatives, in which Advent played a pivotal role as a key partner, demonstrating the effectiveness of its Serene fuel cells to the maritime sector. In this latest stage of the project, Advent’s innovative Ion Pair™ MEA technology will play a vital role in crafting fuel cell systems designed specifically for larger vessels.
By extending the expected lifespan of fuel cells by at least three times and doubling the power density compared to Advent’s earlier systems, the Ion Pair™ MEA technology promises significant advancements in maritime applications. The technology is made possible through the Company’s participation in the U.S. Department of Energy’s L’Innovator™ program, developed in collaboration with esteemed U.S. research institutions such as Los Alamos National Laboratory, Brookhaven National Laboratory, and the National Renewable Energy Laboratory.
The successful completion of RiverCell3 is anticipated to make a substantial contribution to the objectives outlined in the revised IMO GHG Strategy, which was adopted in July 2023. This strategy aims to mitigate greenhouse gas (“GHG”) emissions for international shipping, with a reinforced commitment to achieving net-zero emissions by 2050. Furthermore, it pledges to encourage the adoption of alternative zero and near-zero GHG fuels by 2030, while also setting milestone targets for the years 2030 and 2040.
The RiverCell 3 project is partially funded by the German Federal Ministry for Digital and Transport as part of the National Innovation Programme Hydrogen and Fuel Cell Technology, with a total of approximately $6.2 million, from which Advent’s portion is approximately $3 million. Funding for this measure is provided as part of the German Recovery and Resilience Plan (DARP) via the European Recovery and Resilience Facilities (ARF). The funding is coordinated by NOW GmbH and implemented by Project Management Jülich (PtJ).
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, commented: “We express our sincere appreciation to the German Federal Ministry for Digital and Transport for their funding support, and we eagerly anticipate collaborating with our esteemed partners on this groundbreaking project for the maritime industry. Undoubtedly, the Ion Pair MEA technology will significantly enhance the capabilities of our Serene fuel cell systems, positioning them as a pivotal clean energy solution for the future of maritime operations."
Morten Sørensen, Senior Vice President of Advent Technologies A/S, commented: "The growing adoption of eMethanol as an environmentally friendly fuel in maritime settings stems from its notable energy density, convenient handling, and minimal emissions. As the maritime sector intensifies its endeavors to cut carbon footprints and comply with environmental regulations, Advent's eMethanol fuel cells stand out as the preferred choice, providing a compelling substitute for conventional diesel generators and engines that can be easily embraced today.”
About Advent Technologies Holdings, Inc
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
WeTheMarket
2 months ago
Advent Technologies: The next steps for the green hydrogen factory in Kozani
The 24 million grant kicks off the project that aims to make the region a protagonist in the green transition
04.03.2024
https://www-ot-gr.translate.goog/2024/03/04/energeia/advent-technologies-ta-epomena-vimata-gia-to-ergostasio-prasinou-ydrogonou-stin-kozani/
De-lignitization: The investment plan in Western Macedonia and Megalopolis is coming off the ground
BASF has been a leader in membrane and MEA technology for high-temperature proton exchange membrane (HT-PEM) fuel cells for 20 years, while Advent is the largest manufacturer of HT-PEM fuel cell systems. Their partnership aims to develop new catalysts and fuel membranes.
Last week, the project seemed to get off the ground and get on the rails as an official invitation was sent by the Ministry of Finance to the company to submit the necessary supporting documents regarding the green hydrogen production plant in Kozani. The invitation was received by Advanced Energy Technologies, a 100% subsidiary of Advent Technologies.
After the submission by Advent of the required documents, the Ministry of Finance is expected to proceed with the disbursement of a state aid package of 24 million euros from the Just Transition Fund (TTM) of Greece for the implementation of the Green HiPo project. The costs related to the project are eligible for reimbursement retroactively from June 15, 2022, the date of notification to the Directorate General for Competition of the European Union of Greece's participation in the IPCEI Hy2Tech program. Advent will also seek to secure additional funding to top up the total €60 million approved under the IPCEI project budget.
From lignite to hydrogen
In any case, the first decisive steps have been taken without, of course, yet a clear timetable that will lead to the initiation and completion of the investment with the bureaucracy, although it has been limited to not allowing safe predictions. However, the era of hydrogen is getting closer and closer to Western Macedonia, a region that experienced first hand the effects of lignitization.
The aim of Green HiPo, which is part of Hy2Tech, is to "build" the appropriate ecosystem in Greece for the development of hydrogen technologies. To achieve this, the company will have to create alliances with public bodies, Greek universities and research institutes. The project has at its core research, development and innovation, as well as first industrial development, not in mass production initially, of innovative fuel cell systems and electrolyzers.
The plan includes the development of industrial facilities, research and development in Greece for the design and creation of innovative fuel cell systems with a total generated electrical power of 400 MW and corresponding thermal power, as well as electrolysis units with a total power of 4.65 GW, in the company's production lines that will be erected in Western Macedonia.
Advent was one of only eight small and medium-sized companies to receive validation within Europe under the 'IPCEI Hy2Tech' programme. Direct project participants will work closely through numerous planned collaborations with more than 300 external partners such as universities, research organizations and media across Europe.
The bet and the European dimension
With the developments running, Western Macedonia is preparing to welcome an investment that undoubtedly boosts the region's prospects at a time when decarbonization is increasingly on the table. It is worth noting that green hydrogen is knocking on the door of the region as investments for its production are also expected from EKETA and PPC.
Western Macedonia's smooth transition from a coal-based economy to an alternative, greener economic model with the region continuing to play a dominant role in meeting the country's energy needs is a critical bet to be won.
Advent's investment over a seven-year period may exceed 700 million euros, contributing to around 650 direct jobs and multiple indirect jobs in the region, while the scope of the project goes beyond the borders of Greece as Europe aims to produce 10 million tons of renewable hydrogen by in 2030, a goal which the investment in Kozani will "serve" to a certain extent.
What is Advent?
Advent develops advanced hydrogen production and storage solutions to enable the widespread adoption of hydrogen as a clean energy source. These technologies have the potential to revolutionize industries such as transportation, industrial processes, and power generation. The company already maintains strategic partnerships with giants such as Airbus, Hyundai Motor Company and Siemens Energy. Advent has specialized in high performance fuel cell technology. Fuel cells use hydrogen, natural gas or other forms of clean liquid fuels to produce "clean" energy.
This technology has multiple uses in automotive, aeronautics and off-grid power generation. Hydrogen is a versatile energy carrier that can be produced from various renewable sources, such as wind and solar energy.
From Patras... on Nasdaq
Advent, which was "born" in Patras with its stock now trading on the Nasdaq index, is the creation of Dr. Vassilis Grigoriou, president of the National Research Foundation and an internationally renowned scientist who in his 30-year career has held many research and administrative positions both in Greece and in the USA.
The fuel of the future
Green hydrogen can have a variety of uses in industries such as steelmaking, concrete production, and the production of chemicals and fertilizers. It can also be used to generate electricity, as fuel for transport and for heating homes and offices.
Today, hydrogen is mainly used in gasoline refining and fertilizer production. Green hydrogen is produced by the method of electrolysis of water from electricity coming from RES.
Green hydrogen has low to zero CO2 pollutants. It can be used either for electricity through fuel cells, or in gaseous form for use in transport. Compared to other forms of hydrogen production, it is more expensive, for now, but certainly the most environmentally friendly.
KJAX
2 months ago
Big investment in Greece - The new "green" hydrogen production plant is moving forward
CAR & MOTOR TEAM
01 Mar 2024
The big project to create a "green" hydrogen plant in our country is progressing, which can play a decisive role in the decarbonization of transport.
The major project of Advent Technologies for the construction of a "green" hydrogen production unit in Kozani is slowly taking the lead in implementation , which will contribute decisively to the transition of our country to a more sustainable economic model.
This is the "Green HiPo" project , which as we have written, includes the development, design and manufacture of HT-PEM fuel cells and state-of-the-art electrolytes for the production of electricity and "green" hydrogen, respectively.
The "green" hydrogen and fuel cells that will be produced can - among other things - support the road transport? of the future, working as an auxiliary to electric mobility (BEVs).
green hydrogen
He heads to the factory
The factory is on track for implementation, following the decision of the Ministry of National Economy and Finance to proceed with the disbursement of a package of state aid amounting to 24 million euros from the Just Transition Fund (TTM) of Greece for the implementation of the Green HiPo project, as it announced The company.
The costs related to the project are eligible for reimbursement retroactively from June 15, 2022, the date of notification to the Directorate General for Competition of the European Union of Greece's participation in the IPCEI Hy2Tech program.
Advent will also seek to secure additional funding to top up the total €60 million approved under the IPCEI project budget.
Advent was one of only 8 small and medium-sized companies to receive validation within Europe under the 'IPCEI Hy2Tech' programme. It is pointed out that the direct participants of the project will work closely with more than 300 external partners, such as universities, research organizations and small and medium-sized enterprises across Europe.
The "Green HiPo" project will contribute to the economic development of Western Macedonia and Greece , while helping Europe achieve its current target of producing 10 million tons of renewable hydrogen by 2030. Furthermore, 650 direct jobs will be created and multiple indirects.
green hydrogen
Use of "green" hydrogen
It is noted that green hydrogen, according to the Ministry of Infrastructure and Transport, can cover approximately 1/3 of the energy consumption of the transport sector in Greece, including shipping.
As for the HT-PEM (High-Temperature Proton Exchange Membrane) cells that Advent Technologies will produce, they operate at high temperatures reaching up to 240 degrees Celsius.
They are a promising energy device, with advantages of high energy efficiency, high fuel/air impurity tolerance, simple plate design, and better heat and water management.
Advent believes that the new type of HT-PEM fuel cells are a superior choice for the electrification of aviation, heavy trucks, and ships.
Fuel cells use hydrogen to produce "clean" energy , which is used to drive an electric motor.
https://www-carandmotor-gr.translate.goog/nea/megali-ependysi-ellada-ergostasio-prasinoy-ydrogonoy?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
PennyPusher786
2 months ago
Pretty cool. Bringing communication to rural areas with fuel cell and solar tech which is cheaper than the costs of burying or installing overhead infrastructure for Miles to connect the tower to a grid.
Germany has always been ahead of the West with technology. That is why many Nazis were saved after World War 2 and able to immigrate to the West, while they should have been processed in international criminal courts. I believe they executed only a few to make a show, but in reality they saved thousands for their financial gains, for the sake of squashing any attempts of blackmail etc.
But ask who created the war. A careful look into history, into comments expressed by certain players, into Business dealings occurring from the west to Germany... Zionists started the war. Zionists wished to weaken German/Russian relations... and low and behold, the west screwed Germany out of cheap natural gas today by crippling Gazprom in an effort to sell their own, more costly resources.
Imagine that the day is near when the common people figure these things out, the Zionists will be on the run for sure... I'm not talking jews... I'm talking, Zionists and not just any Zionists... The citizens who say they're Zionists have no sense of the ideology. I'm talking the ones at the top who exploit the ones at the bottom for their emotional ties to the land.
WeTheMarket
2 months ago
Advent Technologies: First step for hydrogen plant in Kozani
February 27, 2024
https://www.moneyreview.gr/green-economy/137419/advent-technologies-proto-vima-gia-monada-ydrogonoy-stin-kozani/
One step closer to the start of implementation is the hydrogen plant in Western Macedonia and specifically in Kozani, a project with a budget of EUR 60 million. euro. The project, known as Green Hipo, is to be developed by technology company Advent Technologies, which seeks to operate in the international market for next-generation fuel cell technology. It is part of the important project of common European interest Hy2tech, which aims to promote hydrogen technologies, involving 41 individual projects of 35 European companies.
To this end, the competent department of the Ministry of National Economy and Finance has invited, through a public call, to submit project proposals (for Green Hipo) to be financed by the Community program Just Development Transition. The submission process closes on 22 April, with the project having a total budget of EUR 60 million. EUR 24 million, of which correspond to public participation. In other words, if its proposals are approved, Advent will receive ECU 24 million. It is seeking to secure the necessary funds to finance its entire investment of EUR 60 million. euro.
The aim of Green Hipo, which is part of Hy2tech, is to create the right ecosystem in Greece for the development of hydrogen technologies and for this reason the company should cooperate with public bodies, but also with Greek universities and research institutes. The project concerns research, development and innovation, as well as the first industrial development (note: i.e. in a pilot stage and not for mass production) of innovative fuel cell systems and electrolyzers. Thus, industrial research and development facilities will be created in Greece for the design and development of innovative fuel cell systems with a total electricity output of 400 MW and corresponding thermal power, as well as electrolysis units with a total capacity of 4.65 GW, in the company's production lines to be installed in Western Macedonia.
"Through Green Hipo, we aim to contribute substantially to the transition of Western Macedonia from a carbon-based economy to a greener economic model and at the same time help the region maintain its role as the country's largest energy center. By ensuring the rapid implementation of projects such as Green Hipo, Europe will be able to accelerate its path towards energy independence, while promoting the development of a competitive hydrogen sector", the co-founder, president and CEO of Advent, Dr. Vasilis Gregoriou, told Kathimerini.
The company is listed on Nasdaq, with its share price trading below $1. As a result, the condition set by the US stock exchange for a minimum trading price of $ 1 is not met. per share, but the company's management estimates that by May 20, when the deadline expires, it will have complied with Nasdaq regulation.
It is estimated that more than 500 companies on the Nasdaq and New York Stock Exchange have their share price trading below $1.
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