Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector
This project aims to develop a maritime fuel cell system resulting in an auxiliary power unit with a total capacity exceeding 500kW.
- This project aims to develop a maritime fuel cell system resulting in an auxiliary power unit with a total capacity exceeding 500kW.
- The RiverCell 3 project has a total budget of approximately $12.4 million, from which Advent’s budgeted portion is approximately $6.1 million.
- The project commenced in January 2024 and is scheduled to conclude on December 31, 2026.
- This strategy aims to mitigate greenhouse gas (“GHG”) emissions for international shipping, with a reinforced commitment to achieving net-zero emissions by 2050.