Advent Technologies Holdings Inc (ADN)

[KJAX]

The first official announcement of the establishment of a technology company in Western Macedonia

Advert Technologies starts operating in the region by June 2023
By Sokratis Moutidis – [e-mail]

The investment of 782 million euros in Western Macedonia and the creation of 650 jobs over a seven-year horizon was announced from Kozani by the CEO of Advent Technologies, Vassilis Grigoriou. Mr. Grigoriou, in a joint press conference with the Regional Governor of Western Macedonia, said that in the first half of 2023 the "IPCEI Green HiPo" project, which concerns the creation of a unit for the development and design of the construction of high-temperature fuel cells for the production of "green" hydrogen as in traffic (cars, ships, etc.) as well as in the production of electricity.

Mr. Grigoriou admitted that in Greece there are strong doubts about "green" hydrogen while in the rest of the world these have been overcome. "The technological strength of the company and the research and development department, found in time that "green" hydrogen is the future. We hope that those who will produce energy through this technology, because we make the equipment for it, will manage to remove these doubts" he said characteristically and added that the financing of the project by the European Commission came about after organized preparation and will play a key role in changing the country's energy mix.

"This effort does not concern only Western Macedonia and Greece, but the whole world. Developing the technology to manufacture this equipment is a difficult task. We will do our best to successfully complete the project because we already have this momentum" added, among others, the CEO of Advent Technologies.

As for jobs, these will be apart from scientific staff and technical staff in assembly departments. "We have outlined the jobs that will be required and can be combined with the know-how that exists in the region," said the company's Corporate Development Director Nora Vougdoupi. She, speaking about Green HiPo, said that this is an important project of common European interest in which the company aspires to produce fuel cell systems with a total capacity of 120 MW during the first six years and electrolysis units with a capacity of 1.2 GW. According to her, in addition to the vehicle sector where hydrogen can be used, the units to be built here will also be able to produce energy and therefore support the district heating system.

Regarding the location of the investment, Mr. Grigoriou refrained from announcing the exact location, stressing that they are already in negotiations for large areas that will be required to build the infrastructure. As he said, a covered space of at least 30,000 square meters is required. "It is clear that it will be set up in Western Macedonia. The growth of the industry is rapid and we will be here as producers of state-of-the-art systems. We always try to be open-minded and open-minded. Be sure that we will do something very important here," Mr. Grigoriou emphasized.

For his part, the Regional Governor of Western Macedonia, Giorgos Kasapidis, emphasized that with this project, the region will be closer to its goal of getting rid of fossil fuels. "At the moment, most of Advert's products are not produced in Greece because the know-how does not exist in our country. With the establishment of the company here, this know-how comes to Western Macedonia and creates developments. Soon we will have other announcements of companies that want to settle here and I am announcing to you that actions are being taken for an automotive industry of heavy hydrogen-powered vehicles to come here" added Mr. Kasapidis.

Advert 's profile
Advent Technologies Holdings, Inc. is a US-owned company that develops, manufactures and assembles complete next-generation fuel cell systems and critical components for fuel cells in the renewable energy sector. It is headquartered in Boston, with offices in California, Greece, Denmark, Germany and the Philippines.

For the past sixteen years, it has been developing key materials, components and processes innovative in the energy sector. Its goal is to advance the development and manufacture of advanced materials, components and next-generation fuel cell technology for the production of "green" hydrogen. He currently holds more than 190 patents and has longstanding partnerships with the US Department of Energy (DoE), Los Alamos National Laboratory, and Brookhaven National Laboratory.

https://xronos--kozanis-gr.translate.goog/i-proti-episimi-anakoinosi-egkatastasis-etaireias-technologias-stin-dytiki-makedonia-i-advert-technologies-xekina-na-drastiriopoieitai-stin-periochi-eos-ton-ioynio-toy-2023/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc