Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

2026 is a key year for "green" aircraft with Greek technology from Advent-Airbus
The aim of the project is to support Airbus in powering its aircraft entirely with fuel cells
29/01/2024
https://www.newsbeast.gr/financial/arthro/10475353/to-2026-etos-kleidi-gia-ta-prasina-aeroskafi-me-elliniki-technologia-apo-advent-airbus

The €13 million project is expected to be completed within the next two years. Greek company Advent Technologies and French aerospace giant Airbus are jointly launching as part of the latter's goal to market the first hydrogen-fuelled passenger aircraft by 2035. The first test flights of Airbus' green aircraft, in which Greek technology will be integrated, are expected to take place in 2026.

The agreement between the two companies was officially announced a few days ago, with the filing of an 8-K filing with the US Securities and Exchange Commission (Advent Technologies Holdings, Inc is listed on the Nasdaq index).

The Advent-Airbus collaboration concerns the optimization of the Greek company's Ion Pair™ ("MEA") membrane electrode assembly for hydrogen fuel cells. Airbus will bring its extensive knowledge and know-how into the aviation industry to the project, while Advent will participate with human talent, materials, hardware and third-party research centers.

The aim is to accelerate the development of Advent's aforementioned electrode layout and compare it with aviation requirements and current/expected technological limits. The primary objective of the project is to support Airbus in achieving its goal of powering its aircraft entirely with fuel cells.

Why is UAV so important? MEAs play a key role in determining the performance of a fuel cell, influencing critical factors such as service life, performance, weight and cost. Advent's layout has shown an even longer lifespan while operating at higher current densities compared to current MEAs, promising a significant reduction in powertrain weight and volume through streamlined balance of installation and cooling subsystems.

It is reminded that in 2024 Advent's investment plan – in cooperation with Germany's BASF – for the creation of a plant in the area of Kozani, where new types of HT-PEM hydrogen cells will be produced, is expected to begin to be implemented. Founded in 2006, Advent is now a subsidiary of Advent Technologies Holdings, Inc., headquartered in Boston, Massachusetts.