Boston – (work wire) – Advent Technologies Holdings, Inc. (NASDAQ:ADN) (“Advent” or the “Company”), a leader in innovation in fuel cells and hydrogen technology, announced the signing of a technology assessment agreement with a second large global automaker.
With the shared goal of sustainability and faster decarbonization of the US auto industry, Advent supports efforts to promote innovative fuel cell technology as a sustainable and efficient option for achieving carbon neutrality. More specifically, Advent will provide assistance by:
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Supply of membrane electrode assemblies (“MEAs”) for testing, evaluation and optimization under collaborator conditions.
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Provide support for MEA operational standards while collaborator provides feedback to Advent on performance and durability.
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Sharing technical know-how for fuel cell stacks, proprietary HT-PEM technology, and utilizing HT PEM for advanced cooling systems.
One of the primary goals will be a detailed evaluation of Advent’s proprietary HT-PEM technology and newly launched MEAs to consider future opportunities. Based on the successful implementation of the first phase of the project, the companies will create a joint development agreement that will govern, among other things, specific product requirements, goals, milestones and plans.
New Advent MEAs to be tested as part of this project are currently being developed under L’Innovator, Advent’s joint development program with the US Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and the National Renewable Energy Laboratory. MEAs are the most important components of a fuel cell because they largely determine the performance, life, weight, and cost of the final system. Advent MEAs operate at high temperatures (80 .).ac to 240ac) While current LT-PEM technology is limited to less than 100ac. High-temperature operation is essential for efficient heat removal in heavy-duty mobility applications, making the HT-PEM an ideal technology for trucks, aviation and marine. Furthermore, Advent MEAs can work with impure hydrogen that can be reformed onboard from methanol, natural gas and other renewable fuels, and are able to withstand conditions of extreme temperatures, humidity, and air quality.
Dr Emory de Castro, chief technology officer of Advent, stated:We are dedicated to decarbonizing the automotive industry with next-generation fuel cell technology and welcome this very effective collaboration. MEA is the heart of the fuel cell and an important component used in fuel cells and other electrochemical applications such as carbon dioxide-free hydrogen production and energy storage. We at Advent Tech are all looking forward to a long and fruitful collaboration, which will enable us to share our longstanding experience and help reshape the automotive industry by replacing the need for traditional fuels while producing clean energy. ”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is an American company that develops, manufactures and assembles fuel cell systems and the core components of fuel cells and other advanced power systems. Advent is headquartered in Boston, Massachusetts, and has locations in California, Denmark, Germany, Greece, and the Philippines. With more than 150 patents issued, pending, or licensed for its fuel cell technology, Advent has IP for the next generation of HT-PEM that enables different fuels to operate at high temperatures under harsh conditions – providing ‘flexibility’.any fuel. Anywhere.” Choice for the automotive, marine, aviation and power generation sectors. For more information, visit www.advent.energy.
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