Advent Technologies Moves Forward with €34.5 Million RHyno Project Funded by EU Innovation Fund

Core Insights - Advent Technologies Holdings, Inc. is advancing its RHyno Project, which focuses on developing innovative fuel cell and hydrogen technologies, with a total funding of €34.5 million from the EU Innovation Fund [1][3]. Project Overview - The RHyno Project officially commenced on April 1, 2025, and is currently in its sixth month of implementation [3]. - The project aims to establish infrastructure for manufacturing fuel cells and electrolysers, utilizing Advent's Membrane Electrode Assembly technology at a megawatt scale [2]. - The project is designed to enhance power density and lifespan while reducing the weight and volume of power systems [2]. Financial Aspects - Advent Technologies will receive a total of €34,534,318 in non-dilutive grant funding over the duration of the RHyno Project [3]. Development Status - The company is in the predesign phase of the facilities and is working on obtaining necessary permits, with a master plan draft expected by the end of September 2025 [2]. - The Advent RHyno Project website has been operational since July 2025, providing updates and information about the project [2]. Company Background - Advent Technologies is an innovation-driven technology company specializing in fuel cell and hydrogen technology, with a vision to accelerate electrification through advanced materials and components [4]. - The company holds approximately 150 patents related to fuel cell technology and has intellectual property for next-generation HT-PEM technology [4].