Mar 13, 2025
The European Union supports Advent's Renewable Hydrogen Innovative Technologies initiative with a funding of €34.5 million.
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has entered into a €34.5 million grant agreement with Advent Technologies Holdings’ fully owned Greek subsidiary, Advanced Energy Technologies, for the Renewable Hydrogen Innovative Technologies (RHyno) project.
This grant from the EU Innovation Fund is set to provide Advent with a total of €34,534,318 in non-dilutive funds throughout the project's duration, with funding to be disbursed incrementally based on the achievement of specific performance milestones.
As revealed, the RHyno project includes creating infrastructure for the development of innovative fuel cells, electrolyzers, and their essential components, which encompass Advent’s membrane electrode assembly technology at a megawatt (MW) scale.
According to the company, RHyno aims to lead the use of innovative materials that improve power density and durability, while significantly minimizing the weight and size of power systems through an optimized balance of plant.
The facility is reported to be designed for optimizing production processes, increasing efficiency, and industrializing fuel cell and electrolyzer technologies.
Advent stated that these advancements are crucial for reducing carbon emissions in high-intensity industries such as aviation, maritime, and heavy-duty automotive sectors, with potential benefits extending to additional industries.
Jim Coffey, Advent’s Chief Operating Officer, remarked: "The RHyno project will be transformative... It positions the Company strongly for establishing robust industrial partnerships and collaborations with leading academic institutions, as well as validating our recent outreach to municipal and government leaders in Kozani and Athens."
It's worth noting that Advent is focused on developing membranes, the membrane electrode assembly (MEA), and the fuel cell stack. Their fuel cells reportedly support the use of green e-fuels, renewable natural gas, or hydrogen on board.
This grant from the EU Innovation Fund is set to provide Advent with a total of €34,534,318 in non-dilutive funds throughout the project's duration, with funding to be disbursed incrementally based on the achievement of specific performance milestones.
As revealed, the RHyno project includes creating infrastructure for the development of innovative fuel cells, electrolyzers, and their essential components, which encompass Advent’s membrane electrode assembly technology at a megawatt (MW) scale.
According to the company, RHyno aims to lead the use of innovative materials that improve power density and durability, while significantly minimizing the weight and size of power systems through an optimized balance of plant.
The facility is reported to be designed for optimizing production processes, increasing efficiency, and industrializing fuel cell and electrolyzer technologies.
Advent stated that these advancements are crucial for reducing carbon emissions in high-intensity industries such as aviation, maritime, and heavy-duty automotive sectors, with potential benefits extending to additional industries.
Jim Coffey, Advent’s Chief Operating Officer, remarked: "The RHyno project will be transformative... It positions the Company strongly for establishing robust industrial partnerships and collaborations with leading academic institutions, as well as validating our recent outreach to municipal and government leaders in Kozani and Athens."
It's worth noting that Advent is focused on developing membranes, the membrane electrode assembly (MEA), and the fuel cell stack. Their fuel cells reportedly support the use of green e-fuels, renewable natural gas, or hydrogen on board.