{"id":811428,"date":"2025-02-11T08:11:28","date_gmt":"2025-02-11T13:11:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/"},"modified":"2025-02-11T08:11:28","modified_gmt":"2025-02-11T13:11:28","slug":"advent-technologies-approved-for-e2-16-million-rescue-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/","title":{"rendered":"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">ATHENS, Greece, Feb.  11, 2025  (GLOBE NEWSWIRE) &#8212; (NASDAQ: ADN) Advent Technologies Holdings, Inc. 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 <em>&#8220;Portable Fuel Cells for Backup Power During Natural Disasters to Support Critical Infrastructures.&#8221;<\/em> The four year project has a total budget of \u20ac5 million, and a funding rate of 70%. Advent\u2019s approved budget for the initiative is \u20ac2.16 million.<\/p>\n<p>RESCUE aims to develop a certified, portable 50 kW power generator system designed to deliver reliable, sustainable backup power in critical situations based on 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).<\/p>\n<p>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 consist of a generator module and a fuel tank, each housed in separate 20-foot containers for optimal mobility and deployment.<\/p>\n<p>Nora Gourdoupi, Advent\u2019s Senior VP of Corporate Business Development stated, \u201cAdvent is proud to contribute its expertise to this transformative project, reaffirming its commitment to driving innovation in clean energy technologies.\u201d<\/p>\n<p>Gary Herman, Advent\u2019s CEO commented, \u201cI want to thank Nora, Olga Bereketidou and the Advent team on the RESCUE project. This is an important program and reiterates the Company\u2019s commitment to expanding the use of its leading-edge clean tech technology solutions.\u201d<\/p>\n<p>The RESCUE project responds to the critical need for sustainable, portable power solutions, particularly in disaster-stricken regions where supporting essential infrastructure is paramount. By utilizing hydrogen and hydrogen-rich fuels, the project aims to set new benchmarks for energy resilience and environmental sustainability.<\/p>\n<p align=\"justify\">\n        <strong>About Advent Technologies Holdings, Inc.<\/strong><br \/>\n        <br \/>Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Livermore, CA, with offices in Athens and Patras Greece. With more than 150 patents issued, pending, and\/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions, suitable for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=z2DysvO9xIH7mc1VeefVJ1sUDxkUd8ijVJSBVLyQ-Wbc3DVhYLGBOFrC9aaq-3GS8FdG8wEZdX3KzzysdhogZK4hV13cU9VBypJVhdvtIps0F8N8l7NaYO-U9z0NPKNDWuQvwfXBUPb88UQ1xTpdNtJg1VCYb5BqqaLAEQS2FZV9nBYr8ANLQJZTfbqmO1Y6m9SB8zBbT2X-IhiQ488GoR1g2P4DJiuEPSTMAaOg-LiIqYMG5hNEhpMHQrgTxTyEXJyBFxaQZf0ocdtXNdtFuYj8QF6dgoHYA4EwWL-hxtLyTVpaBwSlYZm9CDevILoBB9hkDvKTqDAY8pt-N5Ai6A==\" rel=\"nofollow\" target=\"_blank\"><u>www.advent.energy<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Note Regarding Forward-Looking Statements<\/strong><br \/>\n        <br \/>This 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. 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 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 Advent\u2019s corporate reputation and brand; expectations concerning its relationships and actions with 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 Advent\u2019s Annual Report on Form 10-K filed with the Securities and Exchange Commission (\u201cSEC\u201d) on August 13, 2024, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent\u2019s filings with the SEC, available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KyZ4U5arScKKhiCPD8f7vYGgfo38r2kE18NPGhC-fJo1xXsoITHLiUlM-lz9SSZ_4_vDD0_I2Bgir-3P-VXcvdpkBS1vmUIU83Pk2qztVOBWNjbPE378ck1aFnkI60j4TFPDBQ4KFfwVfBVUDZgVjqyakET8UVuJZk69oukBWm3YCbVhFdWo87KAR7YHhgIl_mDbLVs53a05VLMAG8MJ8liU6VP0mvQucYflXsJLhHfIJdIjw3KDRf93WHNy8rMV2Z2sG0pFYYnqEDOqmR-4CfvmsZx6Nb0k8qYUVc0T71MP724iSz4g3-8bi7nvSaBK\" rel=\"nofollow\" target=\"_blank\"><u>www.sec.gov<\/u><\/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 the Company undertakes no obligation to update or revise any of these statements. Advent\u2019s 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.<\/p>\n<p align=\"justify\">\n        <strong>Advent Technologies Holdings, Inc.<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7z1ueuwgUA8l3EZ4ZUVgAO3OhDIOgZ63ei7c9r540lM8sNeFGU_6hjbONC5fNTHRjWsiEbLiGnEFwR8EingyGPAO_pu-zCnNbnQDd26SJ4I=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <u>press@advent.energy<\/u><br \/>\n        <\/a>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1NjE4MyM2NzQ0NzkzIzIyOTU2MzA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZmIwNjEwOGEtYzYxMC00YWMyLWE3NzItZjFiYTNmOTNhZjZhLTEzMDcxODA=\/tiny\/Advent-Technologies-Holdings-I.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATHENS, Greece, Feb. 11, 2025 (GLOBE NEWSWIRE) &#8212; (NASDAQ: ADN) Advent Technologies Holdings, Inc. 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 &#8220;Portable Fuel Cells for Backup Power During Natural Disasters to Support Critical Infrastructures.&#8221; The four year project has a total budget of \u20ac5 million, and a funding rate of 70%. Advent\u2019s approved budget for the initiative is \u20ac2.16 million. RESCUE aims to develop a certified, portable 50 kW power generator system designed to deliver reliable, sustainable backup power in critical situations based on HT-PEM technology. This collaborative effort brings together world-class partners, led by DLR (Germany) as the project coordinator, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project&#8221;<\/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-811428","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project - 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-approved-for-e2-16-million-rescue-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, Feb. 11, 2025 (GLOBE NEWSWIRE) &#8212; (NASDAQ: ADN) Advent Technologies Holdings, Inc. 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 &#8220;Portable Fuel Cells for Backup Power During Natural Disasters to Support Critical Infrastructures.&#8221; The four year project has a total budget of \u20ac5 million, and a funding rate of 70%. Advent\u2019s approved budget for the initiative is \u20ac2.16 million. RESCUE aims to develop a certified, portable 50 kW power generator system designed to deliver reliable, sustainable backup power in critical situations based on HT-PEM technology. This collaborative effort brings together world-class partners, led by DLR (Germany) as the project coordinator, &hellip; Continue reading &quot;Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-11T13:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1NjE4MyM2NzQ0NzkzIzIyOTU2MzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project\",\"datePublished\":\"2025-02-11T13:11:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/\"},\"wordCount\":814,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM1NjE4MyM2NzQ0NzkzIzIyOTU2MzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advent-technologies-approved-for-e2-16-million-rescue-project\\\/\",\"name\":\"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project - 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Advent\u2019s approved budget for the initiative is \u20ac2.16 million. RESCUE aims to develop a certified, portable 50 kW power generator system designed to deliver reliable, sustainable backup power in critical situations based on HT-PEM technology. This collaborative effort brings together world-class partners, led by DLR (Germany) as the project coordinator, &hellip; Continue reading \"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-11T13:11:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1NjE4MyM2NzQ0NzkzIzIyOTU2MzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project","datePublished":"2025-02-11T13:11:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/"},"wordCount":814,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1NjE4MyM2NzQ0NzkzIzIyOTU2MzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/advent-technologies-approved-for-e2-16-million-rescue-project\/","name":"Advent Technologies Approved for \u20ac2.16 Million \u201cRESCUE\u201d Project - 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