Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

Triantafyllopoulos (Hellenic Hydrogen): Construction of "Project 1 North" in Amyntaio begins immediately
27 05 2024
https://energypress.gr/news/triantafyllopoylos-hellenic-hydrogen-xekinaei-amesa-i-kataskeyi-toy-north-project-1-sto

The company's CEO, Dimitris Triantafyllopoulos, announced readiness to start "North project 1", the construction of Hellenic Hydrogen's green hydrogen unit in Amyntaio, speaking at Balkan Energy's roundtable on the hydrogen market, development and opportunities. A forum that takes place in Kozan.

Triantafyllopoulos stated that "the land to be used" has been determined, the hydrogen production plant will utilize "the construction infrastructure of the Amyntaio nuclear power plant, which is passive" and that "the company is cooperating with ministries for licensing by the Agency for Development, Environment and Energy". He stated that "a regulatory framework should be created immediately so that the new plant can operate and at the same time enable the hydrogen market to function". He reminded the audience that "from the beginning of 2024, Greece 'thrown' away 250,000 kWh from renewable energy sources, while in another case they can be used for hydrogen production, stating that "the management of energy from renewable energy sources is a key point in the development of green hydrogen in GREECE".

When asked who will be the consumer of "Project 1 North", Triantafyllopoulos replied that "the only serious consumer that seems to exist and can 'burn' hydrogen in 20% of the fuel mix is the SITHYA unit, which will be built by PPC and supply thermal energy to district heating in the region." He stressed that this consumer "is not enough to cover the minimum production needs of the factory and more consumers need to be added". He spoke of the "need to create hydrogen transport networks" to access industrial facilities or the country's ports as fuel for ships.

The CEO of Hellenic Hydrogen presented data from auctions held in Europe, where the cost of producing hydrogen in Greece appears to be the lowest. In the advance announcement by Tam Special Service Commander Pelopidas Kalliris, that by the end of June a €100 million energy investment request for TAM regions would be published, Triantafyllopoulos stated that "his company will present its investment plan".

Nora Goudoupi, Director of Business Development at Advent Technologies, in the flagship project Green HiPo, which foresees the development of fuel cells and electrolytes, construction for the production of green hydrogen and electricity, pointed out that they have proceeded for a short time to purchase the land hosting the company's premises, have presented an investment plan of 64 million euros and are waiting for the approval of a grant of 24 million euros from the competent entities. "In order for us to start construction, we need the final green light from the state," said Mrs Goudoupi.

Savvas Douvarartzidis, Associate Professor at PDM University of Applied Sciences, emphasized that the university is actively involved in hydrogen research in its laboratories, all applications for the production, storage and use of hydrogen are underway, and at the same time it organizes the only postgraduate program in Greece on the topic of "hydrogen technology", which has been well received by young scientists and researchers. At the same time, he talked about the university's cooperation with self-governing bodies, Kozani municipality and DIADYMA, where the use of hydrogen is being piloted. As part of the research program, he announced that "the first hydrogen filling station will be established in the Kaslas district of Kozan municipality, where it will supply the first vehicles of the municipality and DIADYMA".

Spyros Voutetakis, director of EKETA, said: "Hydrogen technologies are a useful route for West Macedonia and create jobs."