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Higher short borrow rate than GME in 2020
Short Borrow Rate for 2 months has been over 55%. Anything over 20% is really high. ADN was listed as top 15 for highest short borrow rate at one point. Stocks with a high degree of short interest are more difficult to borrow than a stock with low short interest, as there are fewer shares to borrow.
Borrow fee rates are determined by the market's supply-and-demand conditions. If a stock is in hot demand from short sellers (in other words, it has high short interest), the borrow fees will be proportionately high, based on the supply of available shares.
When you see a stock with a large borrow rate increase, or “special rate” you know the demand for borrow went up, or supply went down. Either way, it means there is vigorous short sale activity in the stock, and the long side is fighting back by not providing shares to the stock borrow market at a normal borrow rates.
06/17/22 64%
06/20/22 118%
06/23/22 278%
6/24/22 252% - 320%
6/27/22 310% - 326%
6/29/22 240% - 252%
6/30/22 202% - 240%
07/01/22 191% - 202%
07/05/22 193% - 228%
07/06/22 144% - 212%
07/07/22 118% - 144%
07/08/22 108% - 118%
07/11/22 89% - 108%
07/12/22 86% - 89%
07/13/22 76% - 86%
07/14/22 – 07/20/22 85%
07/21/22 83% - 85%
07/22/22 66% - 83%
07/25/22 66% - 76%
07/26/22 72% - 76%
07/27/22 – 07/28/22 72%
07/29/22 61% - 70%
08/01/22 61%
08/02/22 61% - 63%
08/03/22 56% - 63%
08/04/22 62%
08/05/22 59% - 62%
08/08/22 61% - 65%
08/09/22 65%
08/10/22 60% – 65%
08/11/22 55% – 60%
08/12/22 53% - 63%
https://stocksera.pythonanywhere.com/ticker/borrowed_shares/?quote=ADN
https://iborrowdesk.com/report/ADN
https://fintel.io/ss/us/adn
FTD’s
6/21/22: 2,552,613
6/22/22: 1,434,142
6/23/22: 826,748
6/24/22: 318,654
6/27/22: 79,032
6/28/22: 988,324
6/29/22: 289,652
Total: 6,489,165
Other big FTD's
04/01/22: 728,479
04/04/22: 1,375,798
04/08/22: 1,150,443
04/11/22: 2,820,007
Total: 6,074,727
https://www.reddit.com/r/AdventTechnologies/comments/wig4q5/short_update_on_adn_080722/
Historic short interest:
You can go to this link to check short interest in a stock:
http://nasdaqtrader.com/Trader.aspx?id=ShortInterest
Publication schedule is here:
http://nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
Settlement Date/Short Interest/Percent Change/
Average Daily Share Volume/Days to Cover
07/29/2022 1,746,873 (19.85) 6,303,479 1.00
07/15/2022 2,179,422 (39.79) 1,327,200 1.64
06/30/2022 3,619,764 (7.31) 33,483,408 1.00
06/15/2022 3,905,326 (9.94) 660,717 5.91
05/31/2022 4,336,346 (7.10) 1,027,956 4.22
05/13/2022 4,667,710 1.46 907,404 5.14
04/29/2022 4,600,366 (4.07) 1,022,544 4.50
04/14/2022 4,795,331 2.48 20,269,266 1.00
03/31/2022 4,679,444 17.24 1,574,888 2.97
03/15/2022 3,991,412 (5.83) 664,298 6.01
02/28/2022 4,238,562 (13.57) 998,748 4.24
02/15/2022 4,903,847 4.63 335,895 14.60
01/31/2022 4,686,922 (2.10) 531,080 8.83
01/14/2022 4,787,227 (3.46) 267,349 17.91
12/31/2021 4,958,767 (2.68) 403,991 12.27
12/15/2021 5,095,296 18.63 336,459 15.14
11/30/2021 4,295,074 (7.76) 313,238 13.71
11/15/2021 4,656,557 6.87 268,131 17.37
10/29/2021 4,357,085 3.37 248,609 17.53
10/15/2021 4,214,962 (3.85) 189,943 22.19
09/30/2021 4,383,938 12.14 406,772 10.78
09/15/2021 3,909,300 1.37 295,906 13.21
08/31/2021 3,856,616 15.61 268,864 14.34
08/13/2021 3,335,970 3.98 171,925 19.40
07/30/2021 3,208,401 (9.88) 199,199 16.11
07/15/2021 3,560,301 (1.14) 350,236 10.17
06/30/2021 3,601,467 14.39 710,616 5.07
06/15/2021 3,148,311 (7.52) 264,331 11.91
05/28/2021 3,404,331 10.65 371,002 9.18
05/14/2021 3,076,658 (1.88) 320,563 9.60
04/30/2021 3,135,448 (22.22) 393,433 7.97
04/15/2021 4,031,176 1.19 308,706 13.06
03/31/2021 3,983,604 147.67 1,119,279 3.56
03/15/2021 1,608,410 37.20 436,676 3.68
02/26/2021 1,172,333 10.38 714,083 1.64
02/12/2021 1,062,081 75.87 983,824 1.08
01/29/2021 603,918 19.53 901,187 1.00
01/15/2021 505,253 60.15 1,265,763 1.00
12/31/2020 315,486 14.25 1,291,599 1.00
12/15/2020 276,132 696.89 2,329,085 1.00
11/30/2020 34,651 64.44 385,117 1.00
11/13/2020 21,072 (8.30) 51,859 1.00
10/30/2020 22,979 14.30 109,668 1.00
10/15/2020 20,104 332.72 369,485 1.00
09/30/2020 4,646 114.10 211,307 1.00
09/15/2020 2,170 136.13 67,112 1.00
Advent institutional ownership.
https://fintel.io/so/us/adn
Advent Technologies Signs Memorandum of Understanding with DANNAR to Develop Fuel Cell Range Extension and Mobile Charging Station
08/11/2022
https://ir.advent.energy/news/news-details/2022/Advent-Technologies-Signs-Memorandum-of-Understanding-with-DANNAR-to-Develop-Fuel-Cell-Range-Extension-and-Mobile-Charging-Station/default.aspx
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a Memorandum of Understanding (“MoU”) with DD Dannar, LLC. ("DANNAR"), an industry leader in battery and renewable energy production, storage, and software systems.
Utilizing Advent’s existing and next-generation fuel cell technology, Advent and DANNAR will collaborate to develop a fuel cell range extension for DANNAR’s mobile electric equipment and create a large-scale mobile charging station. The goal of the project is to enable DANNAR to transform its customers’ fleet stock by replacing many single-use work vehicles with a multi-functional, zero-emission electric, configurable platform. This single platform could serve a host of daily maintenance, seasonal, and emergency response needs. The companies also intend to explore potential commercialization opportunities with third parties.
Advent’s next-generation fuel cell technology addresses the global need for a dynamic, fuel-flexible power cell resilient enough to replace the diesel generator and the internal combustion engine. Based on Advent’s next-generation MEA – currently being developed within the framework of L’Innovator, the Company’s joint development program with the U.S. Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and National Renewable Energy Laboratory – and with a unique engineering architecture, Advent’s next-generation fuel cell technology is positioned to provide the clean energy solution for the mobility and power generation markets.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, noted: “We are excited to collaborate with DANNAR, to help them maximize the integration of intelligent technology to transform mobile and resilient power systems. DANNAR is building and supporting the intersection where clean, zero-emission energy and high-performance off-road machinery meet. We strongly believe that our existing and next-generation fuel cell technology can play a pivotal role in helping DANNAR significantly extend the operational range of their solutions and build the clean-power heavy-duty equipment of the future. We look forward to a long and prosperous partnership.”
Mr. Gary Dannar, Founder and Chief Executive Officer of DANNAR, added: “Building stronger, cleaner, safer, and more resilient first responder teams are at the core of DANNAR’s strategy. Mobile Power Stations® provide off-grid export power along with power for heavy-duty equipment responding to planned operational and unexpected emergencies. In partnering with Advent, one of the leading and most innovative companies in the fuel cell and hydrogen technology markets, a vast range of industry electric fleet managers will have greater flexibility for their respective responses. Power and charging needs are growing at an unprecedented rate, and we are confident that this collaboration will contribute greatly to our goal of significantly reducing emissions by bringing efficient and highly differentiated clean energy options for mobility.”
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 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 – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
About DANNAR
Headquartered in Muncie, Indiana, DD DANNAR, LLC (DANNAR) is on a mission to help municipalities and the armed forces perform both daily operations and emergency response with the cleanest, most versatile, and powerful equipment on the market. DANNAR manufactures the all-electric Mobile Power Station (MPS), the first zero-emission modular platform that functions as both a multi-purpose on- and off-road work vehicle as well as a grid-scale auxiliary power supply. More information on the MPS and DANNAR is available at https://www.dannar.us.com.
About DANNAR
Headquartered in Muncie, Indiana, DD DANNAR, LLC (DANNAR) is on a mission to help municipalities and the armed forces perform both daily operations and emergency response with the cleanest, most versatile, and powerful equipment on the market. DANNAR manufactures the all-electric Mobile Power Station (MPS), the first zero-emission modular platform that functions as both a multi-purpose on- and off-road work vehicle as well as a grid-scale auxiliary power supply. More information on the MPS and DANNAR is available at https://www.dannar.us.com.
DANNAR’s mission is to maximize the innovation and integration of intelligent technology to transform mobile work and resilient power systems. DANNAR is changing the way we work, build, repair and use electricity. DANNAR integrates SAFEMAN® work controls for increased worker safety and is the new industry leader in battery and renewable energy production, storage and software systems.
DANNAR’s heavy-duty, off-road platforms are designed to power hydraulic and electric work attachments – for off-road autonomous and semi-autonomous work; to transport and export power for increased energy resiliency through mobile micro-grids; to improve emergency response; and to accelerate public and private infrastructure development. DANNAR’s guarantee is to build stronger, cleaner, safer and more resilient communities.
BOSTON–(BUSINESS WIRE)–Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a Memorandum of Understanding (“MoU”) with DD Dannar, LLC. (“DANNAR”), an industry leader in battery and renewable energy production, storage, and software systems.
Utilizing Advent’s existing and next-generation fuel cell technology, Advent and DANNAR will collaborate to develop a fuel cell range extension for DANNAR’s mobile electric equipment and create a large-scale mobile charging station. The goal of the project is to enable DANNAR to transform its customers’ fleet stock by replacing many single-use work vehicles with a multi-functional, zero-emission electric, configurable platform. This single platform could serve a host of daily maintenance, seasonal, and emergency response needs. The companies also intend to explore potential commercialization opportunities with third parties.
Advent’s next-generation fuel cell technology addresses the global need for a dynamic, fuel-flexible power cell resilient enough to replace the diesel generator and the internal combustion engine. Based on Advent’s next-generation MEA – currently being developed within the framework of L’Innovator, the Company’s joint development program with the U.S. Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and National Renewable Energy Laboratory – and with a unique engineering architecture, Advent’s next-generation fuel cell technology is positioned to provide the clean energy solution for the mobility and power generation markets.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, noted: “We are excited to collaborate with DANNAR, to help them maximize the integration of intelligent technology to transform mobile and resilient power systems. DANNAR is building and supporting the intersection where clean, zero-emission energy and high-performance off-road machinery meet. We strongly believe that our existing and next-generation fuel cell technology can play a pivotal role in helping DANNAR significantly extend the operational range of their solutions and build the clean-power heavy-duty equipment of the future. We look forward to a long and prosperous partnership.”
Mr. Gary Dannar, Founder and Chief Executive Officer of DANNAR, added: “Building stronger, cleaner, safer, and more resilient first responder teams are at the core of DANNAR’s strategy. Mobile Power Stations® provide off-grid export power along with power for heavy-duty equipment responding to planned operational and unexpected emergencies. In partnering with Advent, one of the leading and most innovative companies in the fuel cell and hydrogen technology markets, a vast range of industry electric fleet managers will have greater flexibility for their respective responses. Power and charging needs are growing at an unprecedented rate, and we are confident that this collaboration will contribute greatly to our goal of significantly reducing emissions by bringing efficient and highly differentiated clean energy options for mobility.”
https://www.advent.energy/2022/08/11/advent-technologies-signs-memorandum-of-understanding-with-dannar-to-develop-fuel-cell-range-extension-and-mobile-charging-station/
Renewable Power Generation Costs in 2021
July 2022
https://irena.org/publications/2022/Jul/Renewable-Power-Generation-Costs-in-2021
The global weighted average cost of newly commissioned solar photovoltaic (PV), onshore and offshore wind power projects fell in 2021. This was despite rising materials and equipment costs, given that there is a significant lag in the pass through to total installed costs.
The global weighted average levelised cost of electricity (LCOE) of new onshore wind projects added in 2021 fell by 15%, year-on-year, to USD 0.033/kWh, while that of new utility-scale solar PV fell by 13% year-on-year to USD 0.048/kWh and that of offshore wind declined 13% to USD 0.075/kWh. With only one concentrating solar power (CSP) plant commissioned in 2021, the LCOE rose 7% year-on-year to USD 0.114/kWh.
The period 2010 to 2021 has witnessed a seismic improvement in the competitiveness of renewables. The global weighted average LCOE of newly commissioned utility-scale solar PV projects declined by 88% between 2010 and 2021, whilst that of onshore wind fell by 68%, CSP by 68% and offshore wind by 60%.
The benefits from renewables in 2022 will be unprecedented, given the fossil fuel price crisis:
- The lifetime cost per kWh of new solar and wind capacity added in Europe in 2021 will average at least four to six times less than the marginal generating costs of fossil fuels in 2022.
- Globally, new renewable capacity added in 2021 could reduce electricity generation costs in 2022 by at least USD 55 billion.
- Between January and May 2022 in Europe, solar and wind generation, alone, avoided fossil fuel imports of at least USD 50 billion.
The data suggests that not all of the materials cost increases witnessed to date have been passed through into equipment prices. This suggests that price pressures in 2022 will be more pronounced than in 2021 and total installed costs are likely to rise this year in more markets.
IRENA’s cost analysis programme has been collecting and reporting the cost and performance data of renewable power generation technologies since 2012. The data and analysis is based on the the IRENA Renewable Cost Database that has data on around 21,000 renewable power generation projects from around the world.
Thanks - this one needs a lot of study and attention.
Advent Technologies Reports Q2 2022 Results
August 09 2022
https://ih.advfn.com/stock-market/NASDAQ/advent-technologies-ADN/stock-news/88792300/advent-technologies-reports-q2-2022-results
Highlights
- Q2 revenue of $2.2 million, plus income from grants of $0.2 million, for a total of $2.4 million. This compares to $1.1 million in the equivalent prior year period, representing a 124% increase.
- Net loss in Q2 of $11.1 million or $0.22 per share.
- Company holds cash reserves of $46.5 million as of June 30, 2022.
- Notification from the Greek State for funding of €782.1 million under the Important Projects of Common European Interest (“IPCEI”) Hydrogen – Technology for Advent’s Green HiPo project. The notification was submitted from the Greek State to the European Union under the IPCEI framework and subsequently ratified by the EU.
- Agreement with Hyundai Motor Company for a technology assessment, sales, and development partnership.
- An additional technology assessment agreement with another large global automotive manufacturer.
- New orders from Safran Power Units, a leader in auxiliary power systems and turbojet engines, for Advent’s proprietary MEAs.
- Memorandum of Understanding with Neptune Lines Shipping to jointly conduct a pilot program to explore the application of a fuel cell-based auxiliary power system.
- Memorandum of Understanding with Laskaridis Shipping Company Ltd, where Advent will supply its SereneU methanol-powered fuel cells.
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended June 30, 2022. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
Q2 2022 Financial Highlights
(All comparisons are to Q2 2021, unless otherwise stated)
- Revenue of $2.2 million, a 122% year-over-year increase.
- Operating expenses of $10.6 million, a year-over-year increase of $3.4 million, primarily due to costs related to the accelerated growth of the Company from the acquired businesses, higher R&D costs, and stock-based compensation expenses.
- Net loss was $11.1 million, and adjusted net loss was $10.9 million. - Adjusted net loss excludes a $0.2 million loss from the change in the fair value of outstanding warrants.
- Net loss per share was $0.22.
- Cash reserves were $46.5 million as of June 30, 2022, a decrease of $12.8 million from March 31, 2022, driven by the increased level of R&D and administrative and selling expenses, as well as $2.8 million of spending in the second quarter for the build-out of the Hood Park R&D and manufacturing facility in Charlestown, MA. In the second half of 2022, the Company expects to receive approximately $5 million in tenant improvement allowances for the Hood Park facility, which is net of additional spending for the build-out.
“The last quarter was a very exciting time for Advent, when the Greek State notified the EU for IPCEI funding for our Green HiPo project, which has now been subsequently ratified by the EU. This will enable Advent to innovatively develop and mass produce fuel cell systems and electrolyser systems in Greece,” said Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies. “Advent has also made significant progress in the automotive and marine sectors, as well as securing nearer-term revenue from the telecommunications sector. The consolidation of our operations has resulted in concentrations of technical excellence in our key market sectors, and this has enabled us to gain commercial traction from global OEMs. Advent will actively pursue this clear and focused commercial strategy, which will augment our pipeline with quality opportunities and partnerships. Along with Green HiPo, we remain confident that we are on a firm path for growth, and we look forward to keeping you appraised of future developments.”
Q2 2022 Business Updates
Notification from the Greek State for funding of €782.1 million under the Important Projects of Common European Interest (“IPCEI”) Hydrogen – Technology for Advent’s Green HiPo Project: On June 16, 2022, Advent announced that it had received notification from the Greek State for funding under the IPCEI Hydrogen – Technology. The notification from the Greek State was submitted to the European Union (“EU”) under the IPCEI framework and was subsequently ratified by the EU. Advent’s Green HiPo project was originally among five projects out of twenty candidates from Greece for IPCEI funding. These five projects were then subject to detailed review and due diligence by the EU, resulting in two projects being notified by the Greek State.
The notification in the first wave of IPCEI Hydrogen – Technology projects is a testament to the world-class innovation that Advent Technologies possesses and the commitment that Greece and the EU have in Advent’s ability to deliver such an important project. The scope of Green HiPo, over the initial period of six years, is to innovatively develop and manufacture fuel cell systems and electrolyser systems. Advent is aiming for cumulative capacity of 118MW of fuel cells and 1.5GW of electrolysers over that time. The production of these systems will take place in Greece in the region of Western Macedonia.
Agreement with Hyundai Motor Company (“Hyundai”): On April 6, 2022, Advent announced the signing of a technology assessment, sales, and development agreement with Hyundai, a leading multinational automotive manufacturer offering a range of world-class vehicles and mobility services in over 200 countries. Advent and Hyundai aim to deliver green energy solutions to current high carbon applications, using fuel cell technology. Under the agreement, Hyundai will provide catalysts to Advent for evaluation in its proprietary Membrane Electrode Assemblies (“MEAs”), while Advent intends to support Hyundai in fulfilling its fuel cell project needs, through:
- Developing inks and structures using Hyundai catalysts, which will then be evaluated by Hyundai. Following evaluation, Hyundai will determine whether their own catalysts, or standard catalysts, will be used for this project.
- Supplying MEAs throughout the development/commercialization cycle (“Advent MEAs”) for testing, evaluation, and optimization under conditions set by Hyundai.
- Assisting Hyundai with the use and specifications of MEAs as well as their implementation into Hyundai’s designs.
Following the completion of the first phase of the project, Hyundai and Advent will collaborate closely to set out specific product requirements, collaborative product goals, as well as milestones for achieving established goals and plans for the second phase, which shall also include Advent’s stack cooling technology.
The new Advent MEAs to be tested by Hyundai are currently being developed within the framework of L’Innovator, Advent’s joint development program with the U.S. Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and National Renewable Energy Laboratory. MEAs are the most important components of a fuel cell as they greatly define the performance, lifetime, weight, and cost of the end system. Advent MEAs operate at a high temperature (80oC to 240oC) compared to the incumbent low temperature PEM (“LT-PEM”) technology, which is restricted to an operating temperature of below 100oC.
The ability to operate at a high temperature confers significant advantages such as the efficient heat removal in heavy-duty mobility applications, making Advent’s high temperature PEM an ideal technology for trucks, aviation and marine applications. Advent’s MEAs can operate effectively with fuels such as impure hydrogen which can be reformed on-board from methanol, natural gas, and other renewable fuels. Advent MEAs are also resilient to extreme temperature variations, humidity, and air quality conditions.
New Orders from Safran Power Units: On April 7, 2022, Advent announced that it received new orders for its proprietary MEAs from Safran Power Units, a leader in auxiliary power systems and turbojet engines. The MEAs are based on Advent’s proprietary high temperature-proton exchange membrane technology (“HT-PEM”). The supply of Advent MEAs started in the first quarter of 2022, and deliveries continued through the second quarter of 2022. The MEAs will support Safran Power Units’ R&D efforts. HT-PEM technology has applications across multiple industries because it:
- can operate with almost any low-carbon or zero-carbon fuel,
- enables more efficient heat management versus LT-PEM, where the former is more adapted for applications such as heavy-duty automotive and aviation, and,
- can withstand extreme temperatures, pollution, and humidity, leading to a longer lifetime and lower total cost of ownership versus LT-PEM.
Safran Power Units constantly innovates and develops new power unit solutions, featuring higher performances with lower environmental footprint and operating costs, relying on its expertise in hybridization and fuel cells. Safran Power Units has been a long-term customer of Advent, having tested and deployed Advent’s state-of-the-art MEAs in a variety of applications in the past.
European Electrolyser Summit in Brussels: On May 5, 2022, Advent’s Chairman and CEO, Dr. Vasilis Gregoriou, participated in the European Electrolyser Summit in Brussels. This event was organized by the European Commission in cooperation with Hydrogen Europe and took place under the auspices of the European Clean Hydrogen Alliance. Commissioner for the Internal Market, Thierry Breton, CEO of Hydrogen Europe, Jorgo Chatzimarkakis, and 20 other CEOs and executives met and signed a Joint Declaration, establishing a clear goal of paving the way towards achieving the objectives of the REPowerEU’s proposed Hydrogen Accelerator, which sets out a strategy to double the previous EU renewable hydrogen target to 10 million tons of annual domestic production and an additional 10 million tons of annual hydrogen imports.
Under the Joint Declaration, Europe’s leading electrolyser manufacturers agreed to increase their manufacturing capacity in an effort to have, by 2025, a combined annual electrolyser manufacturing capacity of 17.5GW, as well as to further increase that capacity by 2030 in line with projected demand for renewable and low-carbon hydrogen.
Furthermore, the Joint Declaration features the following three objectives:
1. Regulatory framework: Ensuring a supportive regulatory framework through adequate permitting rules and a commitment to stand up for the ambitious targets included in the revision of the Renewable Energy - Directive and the Alternative Fuels Infrastructure Regulation Proposal.
2. Access to financing: Facilitating adequate access to financing by revamping the Innovation Fund to be inclusive of innovative zero and low-carbon equipment manufacturing such as electrolysers. In addition, accessing state aid to de-risk investments and putting in place Carbon - Contracts for Difference to further incentivize the large-scale deployment of clean hydrogen technologies.
3. Supply chain integration: Integrating supply chains by expanding Research and Development and ensuring the availability of required components and materials at the required scale.
Technology Assessment Agreement for Automotives: On May 9, 2022, Advent announced the signing of a second technology assessment agreement with another large global automotive manufacturer. With a common goal of sustainability and the faster decarbonization of the U.S. automotive industry, Advent is supporting efforts to advance innovative fuel cell technology as a sustainable and efficient option for achieving carbon neutrality. More specifically, Advent will provide assistance, through:
- Supplying MEAs for testing, evaluation, and optimization under the collaborator’s conditions.
- Providing support on MEA operational parameters while the collaborator supplies feedback to Advent on performance and durability.
- Sharing technical know-how for fuel cell stacks, proprietary HT-PEM technology, and leveraging HT-PEM for advanced cooling systems.
One of the primary objectives will be to conduct a detailed assessment of Advent’s proprietary HT-PEM technology and newly launched MEAs for consideration of future opportunities. Contingent upon the successful execution of the first phase of the project, the companies will work to establish a Joint Development Agreement governing specific product requirements, goals, milestones, and plans. The new Advent MEAs to be tested as part of this project, are currently being developed within the framework of L’Innovator. MEAs are the most important components of a fuel cell as they greatly define the performance, lifetime, weight, and cost of the end system.
Memorandum of Understanding (“MoU”) with Neptune Lines Shipping and Managing Enterprises S.A. (“Neptune Lines”): On June 1, 2022, Advent announced the signing of a MoU with Neptune Lines, a leading vehicle logistics provider operating 18 Pure Car and Truck Carrier vessels (owned or chartered), with a cargo capacity ranging between 1,500-4,600 cars.
Neptune Lines and Advent agreed to jointly conduct a pilot program to explore the application of a fuel cell-based auxiliary power system. This application will be tested by Neptune Lines’ highly experienced team, who will evaluate its performance as a sustainable source of power generation. After the evaluation stage, the parties will consider a broader collaboration. Advent fuel cells are a reliable source of on-demand power generation across various applications and industries, including shipping, power generation, and in general heavy-duty mobility. The fuel cells can deliver direct power without power loss from additional converters, offering a sustainable and highly efficient solution.
MoU with Laskaridis Shipping Company Ltd. (“Laskaridis Shipping”): On June 3, 2022, Advent announced the signing of a MoU with Laskaridis Shipping, a renowned ship management company based in Athens, Greece, with a fleet of 90 vessels, which includes 55 mid-sized or large dry bulk vessels. Under the terms of the MoU, Laskaridis Shipping and Advent have agreed to jointly conduct a pilot program, under which Advent will supply Laskaridis Shipping with its SereneU methanol-powered fuel cells. Laskaridis Shipping will install these systems on selected dry bulk vessels to assess their overall performance as auxiliary, back-up, or emergency power sources.
Following the successful completion of the pilot program, Laskaridis Shipping and Advent will collaborate on manufacturing and testing the next generation of Advent’s fuel cells. These collaboratively tested fuel cells are expected to be based on Advent’s next-generation MEA, which is currently being developed within the framework of L’Innovator.
Advent is a vertically integrated manufacturer. Its portfolio includes advanced HT-PEM fuel cell systems, covering the range from 25W to 90kW. Serene methanol-powered fuel cells deliver critical and reliable power in an environmentally friendly way, reducing CO2 emissions and operating silently, while having a low impact on surroundings. Methanol as a carrier of hydrogen allows simpler storage (such as handling and logistics) compared to pure hydrogen, and, enhances the safety of operations.
Conference Call
The Company will host a conference call on Tuesday, August 9, 2022, at 9:00 AM ET to discuss its results.
To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through August 23, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 3273042.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the 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, or licensed worldwide for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures and under extreme conditions – offering a flexible option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, please visit www.advent.energy.
Related article on White Dragon project from May 2021.
“White Dragon” proposal submitted for IPCEI Hydrogen Important Projects of Common European Interest
Athens, May 13th 2021
https://www.depa.gr/white-dragon-proposal-submitted-for-ipcei-hydrogen-important-projects-of-common-european-interest/?lang=en
Marks a milestone for energy transition through hydrogen technologies
Last week was extremely important for hydrogen technologies and the Greek energy system. The national proposal for “White Dragon” was submitted on Wednesday, May 5, in the framework of the Greek call for expression of interest for Hydrogen Important Projects of Common European Interest by a group of companies formed by the largest energy groups in the country.
DEPA Commercial, as project coordinator, in collaboration with Advent Technologies, Damco Energy (Copelouzos Group), PPC, DESFA, HELLENIC PETROLEUM, Motor Oil, Corinth Pipeworks, TAP and Terna Energy submitted to the Greek Government and the EU their investment proposal which exceeds the amount of 8 billion Euro, for the development of an innovative integrated green hydrogen project in Greece which covers the entire hydrogen value chain.
The “White Dragon” is fully supported by the Region of West Macedonia and is the development of the initial expression of interest, in September 2019 in Brussels, of the Regional Governor of West Macedonia Mr. George Kasapidis. At regional level, it has also the support of the Bioeconomy and Environment Cluster of West Macedonia.
The core of the project is based on the gradual replacement of the lignite power plants of West Macedonia and the transition to clean energy having as final goal the de-carbonization of the country’s energy mix. The “White Dragon” project will use large-scale renewable electricity (GW) for the production of green hydrogen by electrolysis in Western Macedonia.
Hydrogen will then be stored directly (short-term hydrogen storage) and indirectly (streaming through DESFA’s natural gas pipeline) and, subsequently, through high temperature fuel cells will provide the country’s power grid with electricity as a fixed base load co-generation unit of green energy and heat.
The generated heat, as a by-product of green electricity production, could initially have a complementary use to the district remote heating networks of West Macedonia, as well as in other applications that require heat and / or cooling in the future (industries, data centers, greenhouses, etc.).
Moreover, a main goal of the “White Dragon” project is the development, by the cooperating companies, of an integrated Hydrogen Industrial Research Center within the High Technology Hydrogen Node Research & Development & Innovation that will be created in West Macedonia.
The intended upgrade and capitalization of the existing energy infrastructure (electricity grids and natural gas pipelines) is of utmost importance. In particular, natural gas pipelines will be used for the transport of green hydrogen for other uses, as well as for its indirect storage. A necessary condition is the creation of a regulatory framework for Energy Net Metering as a transition option until the full development of the hydrogen economy.
To accelerate growth in the framework of “White Dragon”, the National Natural Gas Transmission System will initially be prepared so that it can receive increasing rates of hydrogen, which will reduce the carbon footprint of the fuel and help initiate the hydrogen market. Moreover, the study and construction of an exclusive hydrogen backbone pipeline will be implemented in Greece, along with the first hydrogen projects in the transport sector (garbage trucks, trucks, trains, cars), the appropriate infrastructure for hydrogen refueling stations (HRS) and its road transportation and distribution.
The exclusive hydrogen backbone pipeline will enable the interconnection between remote green hydrogen production units with large end consumers (refineries, industrial units, etc.) to help them “green” their production processes, but also the interconnection with the respective systems of neighboring countries.
Finally, through the integrated “White Dragon” project, the transport and export potential of hydrogen through TAP Pipeline connecting Greece to European markets.
The key elements of the completed “White Dragon” project are:
On behalf of all the partners participating in “White Dragon”, Mr. Konstantinos Xifaras, CEO of DEPA Commercial, noted: “The “White Dragon” project, coordinated by DEPA Commercial, is a decisive step for the realization and development of hydrogen technologies in Greece. The project has the potential to become a lighthouse project for Europe by having a significant positive environmental and socio-economic footprint. It is estimated to attract major investments in the green technologies’ sector, create a great amount of sustainable jobs, make Greece a pioneer in Southeast Europe in terms of hydrogen technologies and make West Macedonia an exemplar for fair transition to clean technologies”
Advent Technologies and the Greek Natural Gas Company, DEPA Commercial, sign MoU to collaborate on Hydrogen Projects
August 08, 2022
https://www.businesswire.com/news/home/20220808005365/en/Advent-Technologies-and-the-Greek-Natural-Gas-Company-DEPA-Commercial-sign-MoU-to-collaborate-on-Hydrogen-Projects
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology space, today announced the signing of a Memorandum of Understanding ("MoU") with DEPA Commercial S.A., the leading importer of pipeline gas and liquefied natural gas (“LNG”) in Greece to enter into a strategic collaboration on hydrogen projects of common interest.
The MoU sets out the framework for a forthcoming mutually binding agreement. The parties have preliminarily agreed to the following actions:
- Collaborate on the production of environmentally friendly hydrogen as a fuel with the participation of other major industrial partners.
- Co-develop a proprietary and highly differentiated CHP system ready for mass production with efficiency approaching 90% and with multi-fuel operating capabilities (hydrogen, natural gas, efuels) that can address the key current, future, and on-grid, off-grid operation modes and business cases.
- Create an innovation hub for the Greek hydrogen and fuel cell industry and develop synergies for promoting hydrogen and related technologies.
DEPA’s CEO, Dr. Konstantinos Xifaras, stated: “Our cooperation with Advent marks another important milestone in the advancement of hydrogen technologies in our country. DEPA has been closely following and actively pushed for the developments in the hydrogen sector, while Advent has extensive electrochemistry and engineering expertise and a global scale of operations and manufacturing footprint. We look forward to working with Advent's team of experts, contributing to the diversification of the national energy mix and the security of the energy supply while simultaneously strengthening the national economy."
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO added: "We are thrilled to be joining forces with DEPA in common renewable energy projects that hold great potential to redefine Greece's energy future. DEPA is a trusted partner with significant experience and a strong presence in the energy sector of South East Europe. We look forward to a long-term cooperation with DEPA in an effort to jointly accelerate Greece's transition to clean energy production and transport and to further strengthen our common presence on the global hydrogen map."
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 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 – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
About DEPA
DEPA, is the company that introduced natural gas to Greece and one of Greece’s major natural gas utilities, active in the supply, wholesale and trading of natural gas. Having entered into long-term pipeline natural gas and LNG supply contracts, DEPA supports the supply sufficiency and security of the country and at the same time it develops significant initiatives so that Greece can play an essential role as a hub of natural gas transit to Europe from countries with rich natural gas deposits. DEPA holds the position of Co-Chair of one of the six roundtables of the CLEAN HYDROGEN ALLIANCE, set-up by the European Commission and aiming at developing and directing investments to facilitate and implement the EU’s hydrogen strategy via the creation of dedicated “IMPORTANT PROJECTS OF COMMON EUROPEAN INTEREST (IPCEI)”. For more information, visit www.depa.gr
Giorgos Chatzimarkakis: The answer to the energy crisis is Hydrogen
LASSITHI IERAPETRA
June 21, 2022
https://www.hxonews.gr/article/giwrgos-xatzhmarkakhs-h-apanthsh-sthn-energeiakh-krish-einai-to-ydrogono
The CEO of Hydrogen Europe on ECHO 99.8 - An interesting discussion in his hometown in Episkopi Square
In an environment where the world is threatened by climate change, the energy crisis is a fact, the war in Ukraine has created new data and new needs, Hydrogen seems to be gaining ground in many areas. We met in the beautiful square of Episkopi, the village where he comes from, the CEO of the European Hydrogen Association Mr. George Chatzimarkakis in order to analyze the latest regarding Hydrogen, its properties, where and how it can be produced and used.
First of all, as he said, Hydrogen is everywhere in the universe and can be used in three ways. As a chemical, as a fuel, as an energy storage. More specifically, as a chemical substance it can be used in refining in various ways but also in industry such as in the fertilizer industry.
Already investments in Spain and Morocco are underway. As fuel, it is used in the car through a fuel cell. We can cover 600 kilos of hydrogen with 6 kilos of hydrogen, that is, from Sitia to Chania to return again to Heraklion. With 3 hydrogen shops, that is, in Crete there is a possibility of serving consumers. There are currently two companies on the market that have vehicles with hydrogen. But the great benefit for technical and economic reasons is for the buses, for the trucks.
As energy storage now. The energy produced by Renewable Energy Sources many times, e.g. when it blows, cannot be absorbed by the grid so it must be stored. This is stored in pipelines that we already have from natural gas that are easily converted into hydrogen pipelines. It is also stored in underground caves, Hatzimarkakis explained.
He stressed that there are strict rules for the production and use of hydrogen. If people abide by the rules there is no greater or lesser risk compared to natural gas, for example. At the moment it is expensive to produce. The Commission, however, argues that in order to escape from the dependence that exists on Russia, 20 million green hydrogen will have to be produced within 8 years. So we need over 400gigawatt electrolysis. At the moment we have 3. So we are building big alliances and already 20 companies are engaged in breaking water to produce hydrogen. Which is also made from natural gas that although until now it was more economical, is now unprofitable due to the war because prices have risen.
He added that the use of Hydrogen can help as a solution to the climate crisis as carbon solutions such as coal, oil, natural gas need to be replaced because they emit carbon dioxide. So if we replace gas and oil coming from Russia to a very large extent, then we are achieving independence from Russia or other countries. And we go towards the production of Hydrogen, on our own to meet our needs. There is no country in Europe, except Portugal, that has as much sun and wind as Greece. Greece could be a giant in the production of RES and Hydrogen, he stressed.
In closing, Mr. Chatzimarkakis made special reference to the first hydrogen village in Western Macedonia, a project that symbolizes the beginning of the new era of hydrogen, which in the coming years is expected to further penetrate electricity generation and transport, replacing natural gas and conventional liquid fuels.
Incredible news. The technology is unreal compared to their competition. I like the last sentence about NATO $$$$
“We are honored and excited to support the US DoD in its vision for advanced electronics, electrification, and power generation capabilities in the field,” said Ian Kaye, Advent’s Senior Vice President of Product Development. “The Honey Badger 50™ is a unique technology that can provide 65% of weight savings versus batteries over a typical 72-hour mission. The weight saving benefits increase further for longer missions. We have also initiated the process to receive approval for the testing of the system by other NATO allies.”
Advent Technologies Launches Honey Badger 50™ to Power “On-the-Go” Soldier Systems During Military and Rescue Operations
08/04/2022
https://ir.advent.energy/news/news-details/2022/Advent-Technologies-Launches-Honey-Badger-50-to-Power-On-the-Go-Soldier-Systems-During-Military-and-Rescue-Operations/default.aspx
Fuel Cell Manufacturer Fills First Shipment Order of Advanced Wearable Power System for United States Department of Defense via U.S. Army DEVCOM C5ISR Center
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced the launch of Honey Badger 50™ (“HB50”), a compact portable fuel cell system and quiet power supply for use in off-grid field applications, such as military and rescue operations. The launch of Advent’s portable power system coincides with the Company’s fulfillment of its first shipment order from the United States Department of Defense. The order was specifically placed by the U.S. Army DEVCOM C5ISR Center, with funding through the Project Manager Integrated Visual Augmentation System, which works to enhance the situational awareness capabilities of soldiers. This effort is awarded under a General Technical Services’ prime contract under “Next Generation Power Component Systems” to support defense mission requirements.
“While Honey Badger is currently only defense-related, we have developed industrial applications, such as M-ZERØ, based on its core technology. Defense-related projects are always important for developing breakthrough technologies before they become widely available and affordable within the broader market,” said Dr. Vasilis Gregoriou, Advent’s Chairman & Chief Executive Officer. “We expect that in the near future, we should see multiple applications for Honey Badger portable power fuel cells in sectors such as robotics, agriculture, drones, emergency operations, and hospitality like leisure and camping. We are proud of the work of our Silicon Valley-based team, and its vision for bringing to market unique fuel cells that can support several sectors and fuel sources.”
The HB50 power system can be fueled by biodegradable methanol, allowing near silent generation of up to 50W of continuous power with clean emissions. Designed for covert operations, HB50 can easily power radio and satellite communications gear, remote fixed and mobile surveillance systems, and, laptop computers along with more general battery charging needs.
“Alongside Honey Badger’s rugged physical specification, we wanted the device to be highly versatile when it comes to the fuel sources. Developing HB50 to run on methanol means something as easily accessible as windshield wiper fluid can be used to keep it running – therefore maximizing the product’s adaptability to a multitude of different applications beyond the battlefield,” added Dr. Gregoriou.
HB50’s unique design allows it to be used in soldier-worn configurations or operated inside a portable backpack or vehicle while charging batteries and powering soldier systems, while its thermal features allow it to operate within an ambient temperature range of -20C to +55C. Aside from its optimized compatibility with Integrated Visual Augmentation System (“IVAS”) and soldier systems like Nett Warrior, Honey Badger can also power devices such as high frequency radios like the model 117G, as well as B-GAN and StarLink terminals. HB50’s durability allows it to be easily deployed in challenging conditions and climates while supporting mission mobility for three to seven days without the need to re-supply.
“We are honored and excited to support the US DoD in its vision for advanced electronics, electrification, and power generation capabilities in the field,” said Ian Kaye, Advent’s Senior Vice President of Product Development. “The Honey Badger 50™ is a unique technology that can provide 65% of weight savings versus batteries over a typical 72-hour mission. The weight saving benefits increase further for longer missions. We have also initiated the process to receive approval for the testing of the system by other NATO allies.”
Since Honey Badger’s fuel cell technology can run on hydrogen or liquid fuels, the system can operate at a fraction of the weight of traditional military-grade batteries to meet the US DoD’s continuously evolving needs for ‘on-the-go’ electronics needs. As military adoption and use of IVAS equipment continues to evolve, the highly portable lightweight power solutions like Honey Badger will become a mission critical necessity.
For more information about Advent Technologies Holdings, Inc. and the Honey Badger 50™, please visit: https://www.advent.energy/product-honey-badger-50/
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 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 – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Greece is becoming the new hub for hydrogen in Europe
By Jorgo Chatzimarkakis
CEO, Hydrogen Europe
Published Aug 2, 2022
https://www.linkedin.com/pulse/greece-becoming-new-hub-hydrogen-europe-jorgo-chatzimarkakis/
It was like a bang when Prince Mohammed bin Salman assessed his country's relationship with Greece during his joint appearance with the Greek Prime Minister Kyriakos Mitsotakis. Relations are historically and traditionally good, but now a new phase is to be heralded. Greece is to become the European hub for hydrogen. This was new for many, surprising and seemed like a glimpse of the future. Indeed, since the announcement of the #WhiteDragon project in Western Macedonia, Greece has been on the European map of hydrogen projects. The Greek government was actively involved and achieved great success in July when two projects within the framework of the so-called #ipcei (important projects of common European interest) were recognized by the European Commission in the first phase. More will follow, meanwhile top-class greek companies with a keen interest in hydrogen are bustling about in Greece, which at the same time represents the who's who of the Greek economy. The White Dragon project and its project coordinators triggered an initial effect that brought many companies to work together for the first time and set off for new shores.
Indeed, hydrogen has the potential to transform Greece from an #energy importer into a self-sufficient, energy autonomous country, with #renewableenergy replacing the previously dominant #fossil based energy. This becomes very clear in Western Macedonia, where #lignite is actually to be completely replaced by #renewables in combination with hydrogen. Together with Portugal, Greece is one of the two European countries that have an equally high potential for #windenergy and #solarenergy. In all other cases, either one or the other predominates. Greece is, so to speak, predestined and privileged.
Prince Salman has now added yet another geopolitical component: The massive imports of hydrogen from the Middle East and North Africa are to be directed to Europe via Greece. True to the motto issued by the #eu after the Ukraine war, the European Union will import 10 million tons of renewable hydrogen produced annually until 2030. From today's perspective, this share will even increase. The first major hydrogen projects that meet the demands of industrial production has already been launched in #saudiarabia. In the north-west of the country, a region the size of Belgium has been declared an exclusive renewable and hydrogen zone, called NEOM. Significant production volumes are expected here as of 2024, and large-scale production of renewable hydrogen will begin in 2026. In addition, there is the use of the last large gas field, which is still not explored from 2024. The Saudi government has announced that this gas field will not be used to export gas, but hydrogen. According to Energy Minister Abdulaziz bin Salman, much of the gas from Jafurah's $110 billion development will be used for blue or turquoise hydrogen. Jafurah is estimated to have 200 trillion cubic feet of gas and production turned into hydrogen is expected to begin in 2024.
With the help of various technologies, it is possible to split the gas in such a way that almost no #co2emissions are produced, for example using pyrolysis technology. With this technology, the #carbon can be obtained in its solid form and used as a raw material, for example for the infrastructure of the power lines. Instead of pure gas, two high-quality products would be available for the European market, in which the Saudi government would like to specialize in order to achieve the long-term goals of complete decarbonization by 2060. According to “Vision 2030”, Prince Salman's conversion plan, #photovoltaic systems with a capacity of 40 gigawatts, 16 gigawatts of #wind power and solar thermal power plants with 2.7 gigawatts will be built by 2030 alone. Additionally, the Eastern Mediterrenean bassin is well known for its rich offshore salt caverns under the sea. It is a perfect storage facility for all the hydrogen produced in the Middle East-North African region. It also would serve perfectly for a strategic hydrogen reserve for the whole EU.
Advent Technologies Announces Date for Second Quarter 2022 Earnings Call
08/02/2022
https://ir.advent.energy/news/news-details/2022/Advent-Technologies-Announces-Date-for-Second-Quarter-2022-Earnings-Call/default.aspx
Company to Report Q2 2022 Results on August 9, 2022
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the second quarter ended June 30, 2022 on Tuesday, August 9, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results.
To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through August 23, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 3273042.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the 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 licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Green hydrogen gets a push during Saudi Crown Prince’s visit to Greece
Updated 28 July 2022
https://www.arabnews.com/node/2130521/business-economy
RIYADH: Saudi Arabia and Greece signed an agreement to deepen ties in the area of green hydrogen and clean energy on the sidelines of the official visit of Crown Prince Mohammed bin Salman ahead of the Saudi-Greek Investment Forum.
The Crown Prince will also discuss helping the European country establish an electrical interconnection network.
Calling the relationship between both the countries “historical,” the Crown Prince said there are further opportunities that can be finalized during his two-day visit, including linking the electricity grid to south-west Europe, through Greece, to provide the continent with cheaper renewable energy.
“Also, we are working (on)...hydrogen and how to turn Greece as a hub for Europe to hydrogen. That’s a game changer for both of us. Also, we are working (on)...linking the telecommunication grid,” the Crown Prince said in a statement issued by the Greek prime minister's office.
The Crown Prince said he has a lot on the agenda for the talks, citing investment, trade, economic, political, and security issues. He promised he had not come “empty-handed” and his plans would be a “game changer for both countries and also for the whole region.”
He also mentioned a “big item that we cannot announce today” as he talked up the relations between Saudi Arabia and Greece.
The memorandum signed between Saudi Minister of Energy Prince Abdulaziz bin Salman and Greek Minister of Foreign Affairs, Nikolaos Georgios Dendias, sets a framework for cooperation in the fields of renewable energy, electrical interconnection, exporting electricity to Greece and Europe, clean hydrogen and its transfer to Europe, Saudi Press Agency reported.
The agreement will also look at working together in the areas of energy efficiency and the oil, gas and petrochemical industry, while adopting the circular economy approach to carbon and technologies to reduce the effects of climate change.
Both countries will also explore the scope of capturing carbon, reusing, transporting and storing the gas, as well as capturing carbon directly from the air.
The two also signed an agreement to promote digital transformation and innovation in the fields of energy, including cyber security, while working to develop qualitative partnerships to localize materials, products and services related to all energy sectors and their associated supply chains and technologies.
The Crown Prince and the Greek Prime Minister also witnessed the signing of the agreement to establish the Saudi-Greek Strategic Partnership Council.
Connecting East to West
A strategic partnership was announced between the Saudi and Greek private sectors on the sidelines of the Crown Prince's visit to build a data cable project linking the East to the West.
This cable will ensure the smooth digital supply of data worldwide at a time when the data traffic is growing by more than 30 percent, SPA said.
This comes through the leadership of the Saudi Telecom Co. on the submarine cable project in partnership with the Greek Telecom Co., the General Energy Co. of Greece and the Cyprus Telecom Co.
STC Group announced that its subsidiary MENA Hub will cooperate with the Greek telecom firm TSSA to build a data corridor that extends from the Kingdom to Europe through a modern, high-capacity network of terrestrial optical fibers under the sea and will connect Europe with Asia.
The project aims to position the two countries as an eastern digital station for Europe to reach the Middle East, the continents of Africa and Asia.
Once completed, the project will also contribute to accelerating the growth of the global digital economy, which is estimated to reach $15 trillion, reported SPA. The project will also contribute to supporting new industries and emerging markets based on innovative business models.
Double the OS halve the SP, mathematics.
For this to be trending toward 1.19 gap the market must be expecting a share offering more than the equivalent of the entire OS.
Hyundai Motor Group is really blowing up the hydrogen fuel sector. Follow the trail to the aviation side. I'm glad ADN is collaborating with Hyundai!
Thanks for posting. I was always flabbergasted by the disconnect between share price per outstanding share. Analyst target prices are all higher than the current $2.88 share price as well
One month consolidation complete, can and should go much higher based on incoming revenue from Europe, and potential projects via historic demand for energy solutions
Growth potential very high when demand is high
More DD on Advent Technologies from Reddit
Posted by u/jjgrey05 20 hours ago
https://www.reddit.com/r/AdventTechnologies/comments/w6an2m/hyundai_making_moves/?utm_source=share&utm_medium=web2x&context=3
Hyundai making moves
07/20/22Farnborough Airshow, U.K., July 18, 2022 – Rolls-Royce and Hyundai Motor Group are announcing plans today to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market. The partnership will leverage Rolls-Royce’s aviation and certification capabilities and Hyundai Motor Group’s hydrogen fuel cell technologies and industrialization capability. Both companies share a vision of leading the way in the AAM market delivering battery-electric and fuel cell electric solutions to the Urban Air Mobility (UAM) and Regional Air Mobility (RAM) markets and advancing sustainable aviation.
The Memorandum of Understanding (MOU) between Rolls-Royce and Hyundai Motor Group includes five strategic aims:
Collaborating on the technology development and requirements of power and propulsion systems for Hyundai’s Advanced Air Mobility Division.
Collaborating on the industrialization of Rolls-Royce power and propulsion systems for the Advanced Air Mobility market.
Development of electric propulsion systems based upon hydrogen fuel cells as an energy source for Hyundai’s RAM platforms.
Collaborating to bring to market a joint fuel-cell electric propulsion system to the wider AAM market.
Delivering a joint fuel-cell electric aircraft demonstration by 2025.
https://www.hyundaimotorgroup.com/news/CONT0000000000043760
07/19/22Farnborough, U.K., July 19, 2022 – Hyundai Motor Group (the Group) and Safran signed a Memorandum of Understanding (MoU) to explore and identify possible opportunities in Advanced Air Mobility (AAM) industry that would be beneficial to both parties and potential customers. The Group and Safran agreed to explore potential cooperation in various fields such as electric propulsion systems, avionics and flight control, and cabin interiors, but not limited.
https://www.safran-group.com/pressroom/hyundai-motor-group-and-safran-signed-memorandum-understanding-advanced-air-mobility-development-2022-07-19
ADN is already collaborating with Hyundai and Safran
ADN Price Breakdown in Tech/alt Fuel Industry update 07/22/22 https://www.reddit.com/r/AdventTechnologies/comments/w5prj0/adn_price_breakdown_in_techalt_fuel_industry/?utm_source=share&utm_medium=web2x&context=3
ADN Price Breakdown in Tech/alt Fuel Industry:
There are many ways to value a public and private company. There is no perfect formula, but there are numerous tools to help formulate a number odds of where a share price should be or not. Understanding the difference b/w share structure of public companies especially outstanding shares will help you tremendously when comparing companies. Companies can be valued by growth, tech, SaaS, intellectual property, assets, liabilities, debt, cash and etc.
The data below is all in my opinion and based on data I collected off SEC and investor websites. I used the data with my formulas on excel.
It is almost comical how ADN’s market cap is 147.6 million ($2.88) and is the most tech innovative stock IMO (Advent Technologies has 190 patents issued, licensed, or pending)
ADN = 147.6 million market cap ($2.88) O/S = 51,253,591
HYZN = 887.3 million market cap ($3.58) O/S = 247,856,052
FCEL = 1.23 billion market cap ($3.36) O/S = 366,687,765
PLUG = 10.2 billion market cap ($17.64) O/S = 578,009,043
Outstanding shares and share price throw some novice people off. Here is a breakdown if both companies were equivalent: (only HYZN is comparable right now as of 07/22/22)
ADN = HYZN = $17.31
ADN = FCEL = $24.04
ADN = PLUG = $198.93
Value share price (*debt, cash, warrants, options, preferred shares were not included formula)
ADN = $11.36 – $18.17
O/S = 51,253,591
A/S = 110,000,000
No debt
cash and cash equivalents $59.3 million
2022 est. yearly revenue for 2022 38.8 million
2025 YEAR projected revenue = 300 million + and profitable
2025 numbers for ADN if O/S stays at 51 million
$87.80 – $140.48
Included: diluted warrants, preferred shares, options (debt not included)
$55.39 - $88.62
*****If it traded like PLUG in 2021 ADN would = $328.78 in 2025!!!
ADN
https://s27.q4cdn.com/839137367/files/doc_presentations/2021/09/14/Advent-Investors-PPT_Sept-2021-9.14.21.pdf
HYZN
https://s28.q4cdn.com/786762755/files/doc_presentations/2022/Q4-Investor-Presentation_Final.pdf
FCEL
https://s21.q4cdn.com/256256048/files/doc_presentations/2022/03/FCEL_Investor-Day-(FINAL)1.pdf
PLUG
https://s21.q4cdn.com/824959975/files/doc_presentations/2021/2021-PLUG-SYMPOSIUM-FULL-DECK2.pdf
Here is my old projections based on different numbers (250 million in revenues) when everything was trading too high: (above is way more conservative numbers based on today's environment even though stock market is always forward looking) Also, I thought there would be a share offering, but with the EU ratification changed everything. I no longer see a share offering in the future
ADN = $8.25 - $13.26
O/S = 51,253,591
A/S = 110,000,000
No debt
cash and cash equivalents 79,764,430
2022 est. yearly revenue for 2022 15 million
2025 YEAR projected revenue = 250 million +
2025 numbers for ADN if O/S stays at 51 million *(most likely will be a higher O/S in the future with a share offering)
$146.33 - $243.89
Included: diluted warrants, preferred shares, options (debt not included)
$92.31 - $153.85
“ said Dr. Gourdoupi. "From my start at the Company more than fifteen years ago as a Senior Scientist to now as I join its board of directors, I have always known that Advent's best in class technology and world class team will power the green energy revolution. With the Green HiPo project approved and ratified, the widespread adoption of fuel cells as a truly viable fossil fuel alternative is closer than ever.”
Advent Technologies Announces the Appointment of Dr. Nora Gourdoupi to its Board of Directors
07/22/2022
https://ir.advent.energy/news/news-details/2022/Advent-Technologies-Announces-the-Appointment-of-Dr.-Nora-Gourdoupi-to-its-Board-of-Directors/default.aspx
(Source: https://www.advent.energy/board-of-directors/)
BOSTON--(BUSINESS WIRE)-- Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, proudly announces that Dr. Panoraia ‘Nora’ Gourdoupi has agreed to join its board of directors.
Dr. Gourdoupi is Advent’s Senior Vice President of Corporate Business Developments and has been with Advent since its beginning, joining the Company in 2006 as a Senior Scientist. She is intimately involved in both developing the polymers which form the heart of the Company’s MEA and fuel cell products, as well as acting as a vital liaison to both government and industry partners. Dr. Gourdoupi holds a Bachelor of Sciences in Chemistry and a PhD from the University of Patras, specializing in the synthesis and characterization of polymers for fuel cell applications. She is co-inventor of eighteen patents in the field.
“Without Nora’s innovation and dedication to our technology, we would not have a best in class MEA powering a portfolio of fuel cell products poised to revolutionize how energy is created,” said Dr. Vasilis Gregoriou, Advent’s Chief Executive Officer and Chairman. “Without her tireless advocacy and diligence in working with the European Commission over the past eighteen months, Advent would not have received the approval and ratification of Green HiPo, a colossal project which will transform the Company and ensure that Advent is positioned among the world leaders in green energy technology. I welcome her to the board.”
“My entire professional career has been dedicated to developing efficient, cost-effective fuel cells to create clean energy,” said Dr. Gourdoupi. “From my start at the Company more than fifteen years ago as a Senior Scientist to now as I join its board of directors, I have always known that Advent’s best in class technology and world class team will power the green energy revolution. With the Green HiPo project approved and ratified, the widespread adoption of fuel cells as a truly viable fossil fuel alternative is closer than ever.”
Dr. Gourdoupi will assume the remainder of Dr. Christos Kaskavelis’ Class III term as director. Dr. Kaskavelis resigned from the Advent board on July 19, 2022. He will remain with the Company as its Chief Marketing Officer. Dr. Kaskavelis stated “With Nora shepherding the approval and ratification of Green HiPo, I am thrilled that she will now join our board of directors. I have known Nora for many years and cannot imagine any other potential board member who could combine her scientific acumen with her proven dedication to the Company. I look forward to focusing completely on my role as an executive at Advent, and I welcome the opportunity to assist Nora in any way possible as she joins the board.”
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 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 – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
5 day consolidation ends in 5 minutes, potential for financial inflow to this company is immense and other countries should be working to adopt this solution to become energy independent including the United States
In February ADN reported a 2.2 million contract and reported sales in Q1 of 1.2 million, does the entire contract value not count as sales for that quarter ?
According to a press release issued by the Hellenic Ministry of Development and Investments, the Commission approved State aid for Greece up to the amount of €800 million public expenditure, taking into account the availability of resources. Greece has two projects included in IPCEI Hy2Tech, B&T Composites (H2CAT project) and Advent (Green HiPo project).
https://www.advent.energy/2022/07/18/advent-technologies-receives-official-ratification-from-the-european-union-for-the-green-hipo-ipcei-project/
I'm not a big car person and I want that car!
Hyundai revived a stunning 1970s design to make a high-performance, hydrogen-powered sports car
Tim Levin
Mon, July 18, 2022 at 8:41 AM
https://www.yahoo.com/news/hyundai-revived-stunning-1970s-design-124114022.html
Summary
- Hyundai unveiled the N Vision 74, an electric sports car based on a 1970s design.
- The concept car is powered by a hydrogen fuel cell and batteries.
- It promises a range of 373 miles, 670 horsepower, and a top speed of 155 mph.
Modify that the shorts are controlling the stock.
Modify that. MM's accumulating cheaper shares for the long haul.
Little early yet, but it appears as though we're building a pretty strong base in the $3.33 - 3.35 range.
Energy solutions needed throughout Europe
https://www.wsj.com/articles/looming-gas-crunch-poses-historic-test-for-europe-iea-says-11658142916
Shorts will take it back down maybe end the day at 3.00
Correct. This is a done deal with over 800 million in funding.
The corrupt short manipulators are trying everything to keep themselves from getting squeezed over $3.50,that they know could be a good possibility of happening after the open today, their corrupted action won't last after the open, many traders haven't seen today's big news yet.
Advent Technologies Receives Official Ratification From the European Union for the "Green HiPo" IPCEI Project
July 18 2022 - 07:09AM
https://ih.advfn.com/stock-market/NASDAQ/advent-technologies-ADN/stock-news/88612115/advent-technologies-receives-official-ratification
Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its Green HiPo project ("Green HiPo") under the framework of the Important Projects of Common European Interest ("IPCEI") Hydrogen – Technology, has now received official ratification from the European Commission (the "Commission") of the European Union ("EU").
The ratification of Green HiPo was amongst 41 projects under the umbrella "IPCEI Hy2Tech" jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia, and Spain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock an additional €8.8 billion in private investments. As part of this IPCEI, 35 companies with activities in one or more Member States, including small and medium-sized enterprises ("SMEs") and start-ups, will participate in these 41 projects. Advent is one of only eight SMEs to have received ratification. The direct participants will closely cooperate with each other through numerous planned collaborations and also with more than 300 external partners, such as universities, research organizations, and SMEs across Europe.
The IPCEI will cover a wide part of the hydrogen technology value chain, including (i) the generation of hydrogen, (ii) fuel cells, (iii) storage, transportation, and distribution of hydrogen, and (iv) end-users applications, in particular the mobility sector. Advent participates in both the generation of hydrogen and fuel cells.
Dr. Vasilis Gregoriou, Advent's Chairman and CEO, stated, "Advent celebrates the full ratification of Green HiPo and looks forward to breaking ground on this transformative project. Green HiPo is a victory for clean energy advocates everywhere and represents an incredible step to transition Europe away from fossil fuels for its energy needs and move towards a clean energy future. The effects of climate change are clearly ubiquitous, and Advent will strive to implement Green HiPo quickly and effectively. Advent applauds the Commission in ratifying the funding for this visionary project, and we hope that it will be the first of many projects around the world which will produce low carbon energy on a truly unprecedented scale."
The Greek Minister of Development and Investments, Mr. Adonis Georgiadis, stated: "With the support of the Prime Minister of Greece, Kyriakos Mitsotakis and the Greek Ministry of Development and Investments, Greece managed to participate in the group of European states that take the initiative for the important projects of common European interest in hydrogen. Today, we have the official ratification of these projects by the European Commission, which makes Greece one of the world's leading countries in energy storage with this new technology. Greece will get the place it deserves; the role of the protagonist."
The Deputy Minister of Development and Investments, responsible for Public Investments, Mr. Yiannis Tsakiris, stated: "This is an important first step in the development of hydrogen production in our country under the seal of the European Commission, which also contributes to the further energy resilience of Greece through achieving independence of fossil fuels. Our main concern is also to seek and secure the necessary European resources in order for these projects to be implemented very quickly and effectively."
According to a press release issued by the Hellenic Ministry of Development and Investments, the Commission approved State aid for Greece up to the amount of €800 million public expenditure, taking into account the availability of resources. Greece has two projects included in IPCEI Hy2Tech, B&T Composites (H2CAT project) and Advent (Green HiPo project).
In making the approval of 41 projects, Executive Vice-President Margrethe Vestager, in charge of competition policy, said: Hydrogen has a huge potential going forward. It is an indispensable component for the diversification of energy sources and the green transition. Investing in such innovative technologies can, however be risky for one Member State or one company alone. This is where State aid rules for IPCEI have a role to play."
Regarding the approval of the cross-country group of projects, Commissioner for the internal market, Thierry Breton, said: "Promoting hydrogen development and deployment will boost jobs and growth throughout Europe while contributing to our green and resilience agenda. It enables the clean transition of energy-intensive industries and increases our independence from fossil fuels. With this IPCEI, we see EU hydrogen production moving "from lab to fab"; and our industry turning technological mastery into commercial leadership. And, of course, we are not only supporting hydrogen through funding. We have also made decisive progress on building partnerships through the Clean Hydrogen Alliance and are developing EU-wide rules for enabling the hydrogen market and creating dedicated infrastructure. Because we know what is at stake: Europe's position as a leading region for the hydrogen industrial transformation."
In making its assessment, the Commission determined that the Green HiPo project satisfied its requirements, which include that:
- The project contributes to a common objective by supporting a key strategic value chain for the future of Europe, as well as the objectives of key EU policy initiatives such as the Green Deal, the EU Hydrogen Strategy, and REPowerEU;
- The IPCEI is highly ambitious, as it is aimed at developing technologies and processes that go beyond what the market currently offers and will allow major improvements in performance, safety, environmental impact as well as on cost efficiencies;
- The IPCEI also involves significant technological and financial risks, and public support is, therefore, necessary to provide incentives to companies to carry out the investment; and
- The results of the project will be widely shared by participating companies benefitting from the public support with the European scientific community and industry beyond the companies and countries that are part of the ICPEI. As a result, positive spill-over effects will be generated throughout Europe.
Over the initial funding period and in accordance with Green HiPo's parameters, Advent will innovatively develop, design, and manufacture fuel cell systems and electrolyser systems in Greece's Western Macedonia region.
About Green HiPo
The Green HiPo project involves the development, design, and manufacture of HT-PEM fuel cells and electrolysers for the production of power and hydrogen, respectively. The project will be based in the Western Macedonia region of Greece and will aid significantly in the region's transition from a coal-based economy to a greener economic model. A new state-of-the-art facility in Western Macedonia will be home to the production of fuel cells and electrolysers and will contribute to the economic development of the region.
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 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 – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.Advent.energy.
EU Commission approves €5.4 billion hydrogen project with 15 EU states
Friday, 15 Jul 2022
https://www.rte.ie/news/business/2022/0715/1310414-eu-approves-hydrogen-project/
The European Commission has today approved a €5.4 billion hydrogen project jointly funded by France, Germany and 13 other EU countries, its latest measure aimed at boosting the bloc's competitiveness and economy.
Called IPCEI Hy2Tech, the project hopes to attract another €8.8 billion in private investments.
The 27-country bloc has in recent years given the green light to jointly funded projects in batteries, microelectronics and infrastructure, labelling such schemes as Important Projects of Common European Interest (IPCEI).
35 companies, including Alstom, Ansaldo, Bosch, Daimler, Enel, Fincantieri Orsted and Plastic Omnium will take part in 41 projects in the hydrogen project.
The scheme will cover the generation of hydrogen, fuel cells, storage, transportation and distribution of hydrogen and end-users applications, in particular in the mobility sector.
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Found the following chart on Stocktwits showing Advent being involved in a couple of categories:
Advent Technologies Hosted Virtual 2022 Investor Day Event
July 11 2022 - 09:31AM
https://ih.advfn.com/stock-market/NASDAQ/advent-technologies-ADN/stock-news/88564213/advent-technologies-hosted-virtual-2022-investor-d
The Company’s Investor Day proceedings detailed achievements to-date while providing outlook on product innovation and business development
Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology markets, has released the webcast today of its virtual 2022 Investor Day event that was held on July 7, 2022.
During the Investor Day’s proceedings, Advent Technologies’ C-suite executives and senior leaders discussed the Company’s recent innovative advancements of its fuel cell products and systems, hydrogen development projects, and commercial activities in markets across the U.S., Europe, and Asia.
The event encompassed a comprehensive projection of Advent’s strategic growth trajectory, its plans to scale product manufacturing capabilities globally, and how the Company plans to leverage its existing partnerships to evolve its product offerings. Presentations also included an in-depth review of Advent’s key market opportunities across commercial, technology, and operational fronts.
Prior to this event, Advent issued important announcements that were discussed during the course of its virtual 2022 Investor Day:
Advent Technologies Receives Notification of Euro 782.1 Million Funding from the Greek State for IPCEI Green HiPo Project - June 16: Notification from the Greek State has been sent to the European Union (“EU”) under the IPCEI framework. Upon EU ratification, total funding of euro 782.1 million for Advent’s Green HiPo project will be made available over a period of six years. The scope of Green HiPo is to innovatively manufacture both fuel cell and electrolyser systems to rapidly decarbonize global power production.
Advent Technologies enters into Technology Assessment Agreement with another Large Global Automotive Manufacturer - May 9: Announced signing of technology assessment agreement with another large global auto manufacturer to support efforts to advance innovative fuel cell technology as a sustainable and efficient option for achieving carbon neutrality.
Advent Technologies among the Companies to Co-Sign Joint Declaration to Increase Electrolyser Manufacturing Capacities in the European Union - May 6: Announced participation in European Electrolyser Summit where Advent, along with leading European electrolyser manufacturers, co-signed a joint declaration to reach a 17.5 GW electrolyser manufacturing capacity in the EU by 2025, as well as to further increase that capacity by 2030 in line with projected demand for renewable and low-carbon hydrogen.
Advent enters into Technology Assessment Agreement with Hyundai Motor Company - April 27: Announced signing of technology assessment agreement with Hyundai Motor Company to assess applications of Advent’s proprietary technology in supplying Hyundai’s high-temperature fuel cell needs.
Advent Technologies Announces New Orders of HT-PEM MEAs by Safran Power Units – April 7: Announced new MEA orders from Safran Power Units, a leader in auxiliary power systems and turbojet engines. The MEAs are based on Advent’s proprietary HT-PEM technology.
More details regarding Advent’s first virtual Investor Day can be found on the Company’s dedicated website page. In addition, the full webcast is now available for on-demand viewing at https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2.
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 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 – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Reminder about Advent Technologies' first virtual Investor Day, today at 9 am EDT. Link to registration https://event.on24.com/wcc/r/3815829/BDF38706A8E399AEE45E339A8CD026A2
During the event, you will hear senior executives from Advent talk about:
- The company’s proposed six-year €782.1 million Green HiPo project aimed at producing HT-PEM fuel cells and electrolysers to decarbonize global power production via hydrogen.
- R&D partnerships and collaborations with other companies and the U.S. Department of Energy and U.S. Department of Defense.
- HT-PEM MEA innovations.
- Advent’s commercial activities in global markets replacing existing power systems with hydrogen alternatives.
Key speakers will include:
- Dr. Vasilis Gregoriou, Chairman and CEO
- Dr. Emory De Castro, CTO
- Chris Kaskavelis, CMO
- Dr. Nora Gourdoupi, SVP, Corporate Business Development
- James Coffey, COO & General Counsel
- Kevin Brackman, CFO
- Naiem Hussain, CIO
In addition, you will also hear from Mr. Jorgo Chatzimarkakis, CEO of Hydrogen Europe and other industry leaders.
The virtual Investor Day will conclude with a Q&A session. We encourage attendees to send questions before the Investor Day by emailing them to investorday@advent.energy.
If you cannot attend the webcast on the day, you can still register and watch the replay afterward at your convenience, by visiting our investor site or our Youtube page.
We look forward to your participation and very much hope that you will find our first virtual Investor Day insightful.
Yours sincerely,
Advent Marketing Team
EU can do it EU, nearing two weeks since the announcement, let’s build out and overcome this energy crisis
781 Million …. contract to be added to market cap, investors may want to get in today with filings for share purchases prior to the conference, solve the energy crisis in Europe starting with the world’s intellectual origin, Greece, very symbolic.
Big announcement today likely before investor day tomorrow
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