Advent Technologies is proud to support tomorrow’s 8th annual National Hydrogen and Fuel Cell Day at a critical time for the broader adoption of hydrogen and fuel cell technologies across the globe
BOSTON--(BUSINESS WIRE )--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to join the U.S.A. in celebrating the eighth annual National Hydrogen and Fuel Cell Day, taking place on October 8, 2022. This day marks the growth of the industry by raising the awareness of the benefits that hydrogen energy and fuel cell technologies provide in reducing emissions while driving economic growth.
The National Hydrogen and Fuel Cell Day is observed on October 8 in recognition of the atomic mass of hydrogen - 1.008. As countries worldwide increasingly look to hydrogen as a critical tool to decarbonize, the U.S.A. is uniquely positioned to take a leadership role. Aiming to play an active role in decarbonizing the world quickly with green hydrogen and innovative fuel cell technology, Advent is on a mission to bring its proprietary high temperature-proton exchange membrane (“HT-PEM”) technology to the market by building world-class fuel cells and electrolysers that have a low total cost of ownership and high environmental impact. More information about Advent’s innovative technology can be found through Advent’s newly released video on YouTube, where the Company’s Chief Technology Officer, Dr. Emory De Castro, provides an overview of its unique competitive advantages.
Since last year’s National Hydrogen and Fuel Cell Day, Advent has been selected as a key driver of large-scale decarbonization projects in Southeastern Europe and has accelerated its efforts by launching new innovative products and partnering with some of the world’s leading laboratories. At the same time, Advent has substantially increased its global workforce and has invested in the build-out of new facilities that will create numerous job opportunities in the global clean energy space.
Some of these developments include:
The Road Map to a U.S. Hydrogen Economy report projects that continued investment in hydrogen will support more than 3 million jobs and $750 billion in revenue by 2050, meeting 14% of total energy demand and reducing total carbon dioxide emissions by 16%. In the transportation sector alone, hydrogen energy can provide 33% of fuel for heavy trucks and aviation globally and 60% of fuel for marine shipping, helping to reduce U.S. transportation system emissions by 30%.
Dr. Vasilis Gregoriou, Chairman and CEO of Advent, commented on this celebration, “Advent Technologies is thrilled to celebrate the 8th Annual National Hydrogen and Fuel Cell Day at a time of significant momentum for America’s transition to clean energy technologies. I strongly believe in hydrogen’s future as a zero-carbon solution for many industries and a significant contributor to the energy mix. We have seen many positive developments and multilateral actions that have accelerated global decarbonization efforts. Hydrogen’s moment is here, right now; and all of us at Advent Technologies are thrilled to be contributors. We are filled with enthusiasm and ambition about the future and the potential for a cleaner world.”
Dr. Emory De Castro, CTO of Advent, stated: “Decarbonization and cleaner air is a top priority for many governments and industries around the world. Advent is a clean energy pioneer making the engines of the future. Advent’s fuel cells are adaptable, durable, and extremely flexible when converting hydrogen and other fuels to electricity. We look forward to further accelerating the global move to net-zero by providing the clean power from hydrogen fuels needed to move away from polluting diesel generators and combustion engines, towards a brighter future.”
For more information on the multiple benefits of Advent’s innovative Fuel Cell technology, please visit: https://www.youtube.com/watch?v=W8qkwuIqK4A
For more information on National Hydrogen and Fuel Cell Day, please visit: www.hydrogenandfuelcellday.org.
About Advent Technologies Holdings, Inc.
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 Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. 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 – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” 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’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ 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’s 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’s 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 “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, 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’s filings with the SEC, available at www.sec.gov, 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’s 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.
Advent Technologies Holdings, Inc. Elisabeth Maragoula / Michael Trontzos press@advent.energy
Advent Technologies Holdings, Inc. Elisabeth Maragoula / Michael Trontzos press@advent.energy