Advent Technologies Receives €34.5 M EU Innovation Fund Award for RHyno Project

November 4, 2024

DENVER, Colo., Nov 04, 2024 (247marketnews.com)- Advent Technologies (NASDAQ: ADN) stated that Advanced Energy Technologies, its Greek subsidiary, received the full amount of its requested €34.5 million grant from the EU Innovation Fund for its RHyno Project.

Gary Herman, Interim CEO of Advent Technologies, commented, “We appreciate the selection and recognition by the EU Innovation Fund. We thank our Advent colleagues and all those involved as we move this program forward and grow the business.”

The RHyno, or Advent Renewable Hydrogen Innovative Technologies, project involves the establishment of infrastructure for developing and manufacturing innovative fuel cells, electrolysers, and their key components.

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