Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector
Advent Technologies Holdings, Inc. - Class A (ADN)
Company Research
Source: Business Wire
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 a
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- Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector [Yahoo! Finance]Yahoo! Finance
- Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime SectorBusiness Wire
- Global Aircraft Fuel Cells Strategic Business Report 2024: Market to Reach $2.7 Billion by 2030 - Accelerated Clean Energy Transition Opens Attractive Growth Avenues [Yahoo! Finance]Yahoo! Finance
ADN
Earnings
- 11/14/23 - Beat
ADN
Sec Filings
- 4/23/24 - Form 8-K
- 4/1/24 - Form NT
- 3/29/24 - Form DEF
- ADN's page on the SEC website