Advent Technologies Secures Funding from Danish Energy Technology Development and Demonstration Program for Innovative R&D Project

Core Insights - Advent Technologies Holdings, Inc. has received funding approval of approximately $1.83 million for its research and development project from the Danish Energy Technology Development and Demonstration Program (EUDP) [1] - The project aims to develop a modular, scalable, and high-density DC-DC power converter for next-generation High-Temperature Proton Exchange Membrane (HT-PEM) fuel cell applications [2] - Advent's Ion-Pair™ Membrane Electrode Assembly (MEA) technology is expected to triple the lifetime of fuel cells and double the power density compared to earlier systems, making it suitable for heavy-duty mobility applications [3] Funding and Project Details - The project titled 'Modular Efficient Power Generation with Advanced Fuel Cell Power Converters' is set to commence in Q2 2024 and will last for three years [1] - The consortium overseeing the project includes Aalborg University, TKT Electronics ApS, and DanTrafo A/S, highlighting collaboration with academic and industry partners [1] Technological Advancements - The HT-PEM fuel cell applications are based on the innovative Ion-Pair™ MEA technology, which is being commercialized through participation in the U.S. Department of Energy's L'Innovator™ program [2] - Manufacturing of the fuel cell systems will occur in Kozani, Greece, as part of the EU-approved Green HiPo IPCEI Project, which aims to transition the region from a coal-based economy to a greener model [3] Company Overview - Advent Technologies Holdings, Inc. is a U.S. corporation focused on developing and manufacturing complete fuel cell systems and critical components for the renewable energy sector [5] - The company holds over 150 patents related to fuel cell technology, enabling various fuels to operate at high temperatures and extreme conditions [5]