Advent Technologies Approved for €2.16 Million “RESCUE” Project

ATHENS, Greece, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Advent Technologies Holdings, Inc. (NASDAQ: ADN), through its wholly-owned subsidiary Advent Technologies, SA, is pleased to announce the launch of the RESCUE project, a strategic initiative funded under the HORIZON-JTI-CLEANH2-2024-04-01 call for _"Portable Fuel Cells for Backup Power During Natural Disasters to Support Critical Infrastructures."

The four-year project has a total budget of €5 million, with a 70% funding rate. Advent’s approved budget for the initiative is €2.16 million.

RESCUE: Advancing Portable Hydrogen Fuel Cell Solutions

RESCUE aims to develop a certified, portable 50 kW power generator system designed to deliver reliable, sustainable backup power in critical situations using HT-PEM technology. This collaborative effort brings together world-class partners, led by DLR (Germany) as the project coordinator, with participation from Advent Technologies (Greece), CERTH (Greece), THW (Germany), DTU (Denmark), and ProACT (Greece).

Advent Technologies will play a pivotal role in the project as the primary technology provider, focusing on system integration and innovation. The key deliverable is a 50 kW High-Temperature Proton Exchange Membrane Fuel Cell (HT-PEM FC) dual-fuel portable power generator system. This system will include:

• A generator module and a fuel tank, each housed in separate 20-foot containers for optimal mobility and deployment.

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Driving Clean Energy Innovation

Nora Gourdoupi, Senior VP of Corporate Business Development, Advent Technologies, stated: "Advent is proud to contribute its expertise to this transformative project, reaffirming its commitment to driving innovation in clean energy technologies."

Gary Herman, CEO of Advent Technologies, added: "I want to thank Nora, Olga Bereketidou, and the Advent team for their work on the RESCUE project. This is an important program that reiterates our company’s commitment to expanding the use of our leading-edge clean technology solutions."

Supporting Energy Resilience in Critical Situations

The RESCUE project addresses the urgent need for sustainable, portable power solutions, particularly in disaster-stricken regions where maintaining essential infrastructure is paramount. By utilizing hydrogen and hydrogen-rich fuels, the project aims to establish new benchmarks for energy resilience and environmental sustainability.

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S.-based corporation that develops, manufactures, and assembles complete fuel cell systems while supplying critical components for fuel cells in the renewable energy sector. Advent is headquartered in Livermore, CA, with offices in Athens and Patras, Greece. With over 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds intellectual property for next-generation HT-PEM solutions. These innovations enable various fuels to function at high temperatures and under extreme conditions, making them suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors.

For more information, visit www.advent.energy.