Advent Technologies Holdings, Inc. Announcement

RHyno Project Approval

LIVERMORE, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE)

Advent Technologies Holdings, Inc. (NASDAQ: ADN), a leader in fuel cell and hydrogen technology, is thrilled to announce that the RHyno Project led by its Greek subsidiary, Advanced Energy Technologies, SA, has been approved for a grant of €34.5 million by the EU Innovation Fund. The successful approval was made possible by the dedicated efforts of Nora Gourdoupi, Olga Bereketidou, and Anastasia Koustomitopoulou.

The news marks a significant milestone for Advent, as it continues to make strides in the advancement of fuel cell and hydrogen technologies. With the grant secured, Advent will begin preparations for the grant agreement in accordance with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) guidelines.

This achievement highlights Advent’s commitment to innovation and sustainability, further solidifying its position as a key player in the clean energy sector. The company’s ongoing efforts to develop cutting-edge technologies have not gone unnoticed, and the approval of the RHyno Project grant is a testament to the hard work and dedication of the Advent team.

How Will This Affect Me?

As a consumer, the approval of the RHyno Project grant by the EU Innovation Fund may lead to advancements in fuel cell and hydrogen technologies that could potentially benefit you in the future. These technologies have the potential to reduce carbon emissions and enhance the efficiency of energy production, ultimately contributing to a cleaner and more sustainable environment.

How Will This Affect the World?

The approval of the RHyno Project grant signifies a significant step forward in the development of clean energy technologies on a global scale. By investing in fuel cell and hydrogen technologies, Advent is helping to pave the way for a greener future, where renewable energy sources play a key role in addressing climate change and promoting sustainability. The impact of this project extends beyond borders, as it contributes to the collective effort to build a more sustainable world for future generations.

Conclusion

In conclusion, the approval of the RHyno Project grant represents a significant achievement for Advent Technologies Holdings, Inc. and a milestone in the advancement of fuel cell and hydrogen technologies. The dedication and hard work of the Advent team have paid off, paving the way for future innovations that have the potential to make a positive impact on both consumers and the world at large. This milestone underscores Advent’s commitment to driving positive change in the clean energy sector and marks a step forward towards a more sustainable future.