Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project
After Advent submits the requested documentation, the Greek Ministry of Economy and Finance is expected to proceed with the disbursement of a €24 million state aid package from Greece’s Just Transition Fund (JTF) for the implementation of the Green HiPo project.
- After Advent submits the requested documentation, the Greek Ministry of Economy and Finance is expected to proceed with the disbursement of a €24 million state aid package from Greece’s Just Transition Fund (JTF) for the implementation of the Green HiPo project.
- Advent will also look to secure additional funding to round out the full €60 million which was authorized under the IPCEI’s project budget.
- The Green HiPo project involves the development, design, and manufacture of state-of-the-art HT-PEM fuel cells and electrolysers for the production of power and green hydrogen, respectively.
- Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies, commented: "The long anticipated invitation or “call” for the Green HiPo project from the Greek State has finally arrived.