Advent Technologies to back Greece's green hydrogen journey

Boston-based Advent Technologies Holdings Inc (NASDAQ:ADN) will take part in the first wave of hydrogen projects in Greece to be realised under the IPCEI (important projects of common European interest) mechanism.

The US fuel cell and hydrogen technology developer said on Thursday that it has received a nomination by the Greek Ministry of Development and Investment for its role in the initiative. It will also lead a project to develop and produce high-temperature polymer electrolyte membrane fuel cells to produce power and heat as part of Greece’s White Dragon plan that targets up to 250,000 tonnes of hydrogen annually.

The Green HiPo scheme, spearheaded by Advent, envisages the construction of a fuel cell factory in Western Macedonia to initially make 15-kW fuel cells. The plan is to gradually reach 1-MW units and then turn into a multi-MW platform. A 4.65-GW manufacturing line for electrolysers is also planned.

Additionally, Advent has also been chosen as the coordinator of the Greek Technology Field 2 programme dedicated to fuel cells and associated technologies. In this initiative, it will collaborate with other EU-based companies to create a common work plan to set the roadmap for reaching the goals of the hydrogen IPCEI.

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