The Green HiPo project is part of a thrilling long-term venture that is the key to unlocking our transition to greener power creation and transmission in Greece, and potentially, across the European Union.” This is the next crucial step for the creation and development of clean energy hydrogen technologies in Greece. Vasilis Gregoriou, Advent Chairman and CEO, stated, “We are excited to participate as the fuel cell partner in this submission of such a large-scale European project. The Green HiPo project will develop, design, and manufacture fully scalable and highly efficient high-temperature polymer electrolyte membrane (“HT-PEM”) fuel cells for the production of power and heat.ĭr. Along with a consortium of companies, Advent submitted a plan to the European Union and Greek government in May that will push forward the hydrogen economy in Greece. This joint document will be part of a chapeau document that will justify all eligibility and compatibility conditions of IPCEI.Īdvent will also be spearheading the Green HiPo project as part of the overall, joint “White Dragon” project. As part of this process, Advent has been participating in "Challenge Sessions" where EU participating companies selected by their respective Member States are collaborating to formulate a common work plan that will set the roadmap to achieve the objectives of the hydrogen IPCEI.īeyond coordinating Technology Field 2, Advent’s new responsibilities include preparing a joint document outlining the requirements and objectives of fuel cells in mobility and stationary markets to reach cost targets for a viable hydrogen ecosystem. (NASDAQ: ADN) (“Advent” or the “Company”) today announced that it has been nominated by the Greek Ministry of Development and Investment to be part of the first wave of Important Projects of Common European Interest (“IPCEI”) on Hydrogen.Īdvent has also been selected by the Ministry to be the Coordinator of Technology Field 2 dedicated to fuel cells and associated technologies.
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