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-0.00173913043478258 -0.00173913043478258 0.0127536231884058 0.0231884057971015 0.0434782608695653 0.0660869565217389 0.0463768115942028 0.04231884057971
Stock impact report

Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project [Yahoo! Finance]

Advent Technologies Holdings, Inc. - Class A (ADN) 
Company Research Source: Yahoo! Finance
pleased to announce that its wholly owned subsidiary, Advanced Energy Technologies S.A., has received the formal invitation from the Greek Ministry of Economy and Finance to immediately submit the requested documentation for its Green HiPo Important Project of Common European Interest ("IPCEI") project. After Advent submits the requested documentation, the Greek Ministry of Economy and Finance is expected to proceed with the disbursement of a €24 million state aid package from Greece's Just Transition Fund (JTF) for the implementation of the Green HiPo project. Expenses related to the project are eligible for reimbursement retroactive to June 15, 2022, the date of notification to the European Union's Directorate-General for Competition of Greece's participation in the IPCEI Hy2Tech program. Advent will also look to secure additional funding to round out the full €60 million which was authorized under the IPCEI's project budget. Advent was one of only eight small and medium-sized e Show less Read more
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