Advent Technologies Commissions Arxicon as Master Planner for RHyno Project

Core Insights - Advent Technologies Holdings, Inc. has officially partnered with Arxicon for the RHyno Project, aimed at developing innovative fuel cell and electrolyser manufacturing facilities in Greece [1][2][3] Group 1: Project Overview - The RHyno Project commenced on April 1, 2025, and is funded by the EU Innovation Fund, with a total non-dilutive grant of €34.5 million allocated to Advent [2] - The project focuses on manufacturing advanced fuel cells and electrolysers, utilizing Advent's Membrane Electrode Assembly (MEA) technology at a megawatt scale, enhancing power density and lifespan while reducing weight and volume [2] Group 2: Strategic Importance - The RHyno Project is positioned to reinforce Advent's leadership in the fuel cell market and marks its strategic entry into the electrolyser sector, contributing to Europe's clean energy transition [2][3] - The collaboration is seen as a pivotal moment for Greece in leading Europe's hydrogen economy and securing energy independence [3] Group 3: Company Background - Advent Technologies is a U.S. corporation specializing in the development and manufacturing of fuel cell systems and components, holding over 70 patents in fuel cell technology [4] - Arxicon, with extensive experience in delivering complex infrastructure projects globally, has completed over €500 million in projects since 2000, making it a valuable partner for the RHyno Project [5]