{"id":498967,"date":"2021-05-26T09:03:49","date_gmt":"2021-05-26T13:03:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/"},"modified":"2021-05-26T09:03:49","modified_gmt":"2021-05-26T13:03:49","slug":"advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/","title":{"rendered":"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1"},"content":{"rendered":"

<\/p>\n

Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1<\/b><\/p>\n

Advent\u2019s Materials Have Longer Lifetime and are Lower Cost Than Those of Ion Exchange Membranes<\/i><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nAdvent Technologies Holdings, Inc. (NASDAQ: ADN) (\u201cAdvent\u201d) today reported that bookings and shipments of their materials for redox flow batteries (RFBs) in the first quarter of 2021 rose by 500 percent year-over-year. Advent\u2019s materials apply to renewable energy storage and production, including the membrane electrode assemblies used in high temperature fuel cells.\n<\/p>\n

\nDr. Emory DeCastro, Advent Technologies Chief Technology Officer, commented: \u201cAdvent\u2019s materials solve critical problems for flow batteries by making utility-scale energy storage devices cost effective. Our tremendous year-over-year increase not only represents the start of new supply agreements, but it is also our most significant contribution into commercial redox flow battery systems to date. The ability to provide increasing quantities of customer-specific components also reinforces our strategy of using Advent manufacturing processes at third party production facilities.\u201d\n<\/p>\n

Advent Materials for Redox Flow Batteries<\/b><\/p>\n

\nAdvent produces membranes and electrodes for flow battery chemistries that will enable long-term storage of excess power during off-peak periods, and it will address the asymmetry between the demand and supply of solar and wind-generated power. Advent\u2019s membranes for RFBs offer a longer lifetime at a lower cost than typical ion exchange membranes.\n<\/p>\n

\nCurrently, with mass-production capabilities, Advent is developing low cost, high quality electrodes for the leading RFBs chemistries. New membranes from Advent\u2019s participation in the Advanced Research Projects Agency\u2013Energy (\u201cARPA-E\u201d) program show great potential to lower costs and increase selectivity for the vanadium RFBs. These membranes demonstrate how Advent is able to engineer properties into critical materials for customers.\n<\/p>\n

Benefits of Redox Flow Batteries<\/b><\/p>\n

\nRFBs are considered a vital bridging technology for intermittent power generation from renewable sources such as wind and solar. They offer a viable alternative to Lithium-ion batteries (LIBs) for stationary energy storage, especially for extended operation. Since LIBs store all their energy in one package, this leads to some serious safety concerns \u2013 especially for the outbreak of highly combustive fires that need highly specialized equipment to contain. On the other hand, RFBs keep the energy in separate tanks that are easy to isolate in the case of a mishap.\n<\/p>\n

\nRFBs can address a variety of markets that are not appropriate for LIBs. For example, in the case of RFBs, if more energy (kWh) is needed, bigger tanks can be built; and if more power (kW) is needed, a larger stack can be used without changing the tank size.\n<\/p>\n

About Advent Technologies Holdings, Inc.<\/span><\/b><\/p>\n

\nAdvent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents (issued and pending) for its fuel cell technology, Advent holds the IP for next-gen high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions \u2013 offering a flexible \u2018Any Fuel. Anywhere\u2019 <\/b>option for the automotive, maritime, aviation and power generation sectors. www.advent.energy<\/a><\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/strong><\/p>\n

\nThis press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cproject,\u201d and other words of similar meaning. These forward-looking statements address various matters including the Company\u2019s plans and expectations with respect to Project White Dragon. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company\u2019s ability to realize the benefits from the business combination; the Company\u2019s ability to maintain the listing of the Company\u2019s common stock on Nasdaq; future financial performance; public securities\u2019 potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company\u2019s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading \u201cRisk Factors\u201d in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 26, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov<\/a>, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210526005633\/en\/<\/a><\/span><\/p>\n

\nAdvent Technologies Holdings, Inc.
\n
Elisabeth Maragoula
\n
emaragoula@advent.energy
\n<\/a><\/p>\n

Sloane & Company
\n
Joe Germani \/ James Goldfarb
\n
jgermani@sloanepr.com<\/a> \/ jgoldfarb@sloanepr.com<\/a><\/p>\n

KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy Environment<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1 Advent\u2019s Materials Have Longer Lifetime and are Lower Cost Than Those of Ion Exchange Membranes BOSTON–(BUSINESS WIRE)– Advent Technologies Holdings, Inc. (NASDAQ: ADN) (\u201cAdvent\u201d) today reported that bookings and shipments of their materials for redox flow batteries (RFBs) in the first quarter of 2021 rose by 500 percent year-over-year. Advent\u2019s materials apply to renewable energy storage and production, including the membrane electrode assemblies used in high temperature fuel cells. Dr. Emory DeCastro, Advent Technologies Chief Technology Officer, commented: \u201cAdvent\u2019s materials solve critical problems for flow batteries by making utility-scale energy storage devices cost effective. Our tremendous year-over-year increase not only represents the start … <\/p>\n

Continue reading “Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-498967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAdvent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1 Advent\u2019s Materials Have Longer Lifetime and are Lower Cost Than Those of Ion Exchange Membranes BOSTON–(BUSINESS WIRE)– Advent Technologies Holdings, Inc. (NASDAQ: ADN) (\u201cAdvent\u201d) today reported that bookings and shipments of their materials for redox flow batteries (RFBs) in the first quarter of 2021 rose by 500 percent year-over-year. Advent\u2019s materials apply to renewable energy storage and production, including the membrane electrode assemblies used in high temperature fuel cells. Dr. Emory DeCastro, Advent Technologies Chief Technology Officer, commented: \u201cAdvent\u2019s materials solve critical problems for flow batteries by making utility-scale energy storage devices cost effective. 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(NASDAQ: ADN) (\u201cAdvent\u201d) today reported that bookings and shipments of their materials for redox flow batteries (RFBs) in the first quarter of 2021 rose by 500 percent year-over-year. Advent\u2019s materials apply to renewable energy storage and production, including the membrane electrode assemblies used in high temperature fuel cells. Dr. Emory DeCastro, Advent Technologies Chief Technology Officer, commented: \u201cAdvent\u2019s materials solve critical problems for flow batteries by making utility-scale energy storage devices cost effective. Our tremendous year-over-year increase not only represents the start … Continue reading \"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-26T13:03:49+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210526005633r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1","datePublished":"2021-05-26T13:03:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/"},"wordCount":1007,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210526005633r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-reports-fivefold-increase-in-bookings-and-shipments-of-materials-for-redox-flow-batteries-in-q1\/","name":"Advent Technologies Reports Fivefold Increase in Bookings and Shipments of Materials for Redox Flow Batteries in Q1 - 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