Advent Technologies, DEPA Commercial Collaborate to Develop Greece’s Hydrogen Economy
Advent Technologies Holdings Inc. has signed a memorandum of understanding with DEPA Commercial, the leading importer of pipeline gas and LNG in Greece, to collaborate on hydrogen projects of common interest.
As part of the deal, the companies have agreed to collaborate on the production of environmentally friendly hydrogen as a fuel with the participation of other major industrial partners, as well as create an innovation hub for the Greek hydrogen and fuel cell industry and develop synergies for promoting hydrogen and related technologies.
The parties will also co-develop a proprietary and highly differentiated CHP system ready for mass production with efficiency approaching 90% and with multi-fuel operating capabilities (hydrogen, natural gas, efuels) that can address the key current, future, and on-grid, off-grid operation modes and business cases.
“Our cooperation with Advent marks another important milestone in the advancement of hydrogen technologies in our country,” Dr. Konstantinos Xifaras, DEPA’s CEO, said. “DEPA has been closely following and actively pushed for the developments in the hydrogen sector, while Advent has extensive electrochemistry and engineering expertise and a global scale of operations and manufacturing footprint."
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