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BOSTON– Advent Technologies, an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advanced Energy Technologies S.A., has received the formal invitation from the Greek Ministry of Economy and Finance to immediately submit the requested documentation for its Green HiPo Important Project of Common European Interest (“IPCEI”) project.

Hydrogen turbines are emerging as a promising technology capable of transforming the global energy landscape. This type of turbine, which uses hydrogen as a fuel to generate electricity, represents an innovative solution to the challenges of climate change and the growing demand for clean and renewable energy sources.

• The funding was obtained following the reopening of the call for projects related to NRRP
• Total investment for the two projects is estimated at approximately EUR 140 million
• Maximum amount of NRRP funding is EUR 50 million

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