Hellenic State (1941–1944)

Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project

Retrieved on: 
Monday, February 26, 2024

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.

Key Points: 
  • 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.

Advent Technologies Receives Funding Update for €60 Million to Launch Green HiPo IPCEI Project

Retrieved on: 
Thursday, November 16, 2023

Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its wholly owned subsidiary, Advent Technologies S.A. has received an update from the Greek State regarding the implementation of the Green HiPo IPCEI Hy2Tech project (the “Green HiPo Project”).

Key Points: 
  • Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its wholly owned subsidiary, Advent Technologies S.A. has received an update from the Greek State regarding the implementation of the Green HiPo IPCEI Hy2Tech project (the “Green HiPo Project”).
  • The plan outlines a current budget of EUR 60 million, with 40% of that funding (EUR 24 million) as a grant from Greece’s Just Transition Fund to launch the Green HiPo Project.
  • Once submitted, Advent expects that this initial grant will commence and the successful implementation of the Green HiPo Project will begin in earnest.
  • The Green HiPo Project is one of 41 projects sharing this funding as part of the broader group of projects under the IPCEI Hy2Tech.

Advent Technologies Participates in the EU's Clean Transition Dialogue on Hydrogen in the presence of EU President Ursula von der Leyen

Retrieved on: 
Friday, October 13, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231013856352/en/
    EU Representatives and Industry Leaders at the Inaugural Clean Transition Dialogue in Brussels, organized by the European Commission.
  • The event opened with an address by European Commission President Ursula von der Leyen and featured a keynote speech by Executive Vice President Maroš Šefčovič.
  • The Green HiPo project is among the 41 initiatives under IPCEI Hy2Tech, collectively prepared and reported by fifteen Member States.
  • We extend our gratitude to President Ursula von der Leyen and Executive Vice President Maroš Šefčovič for affording us the opportunity to collectively explore the industry's future.

Advent Technologies Provides Update on Green HiPo IPCEI Project

Retrieved on: 
Friday, May 26, 2023

This land acquisition underscores Advent's unwavering dedication to establishing a robust infrastructure that will effectively and strategically support the objectives of the Green HiPo IPCEI project.

Key Points: 
  • This land acquisition underscores Advent's unwavering dedication to establishing a robust infrastructure that will effectively and strategically support the objectives of the Green HiPo IPCEI project.
  • Advent has also set-up a coordination and planning office in the center of Kozani which will serve as the operational hub for the Green HiPo IPCEI project.
  • Evaluation Underway: As a prerequisite for unlocking the State Aid funding for Green HiPo, the Hellenic Ministry of Development and Investment has commissioned a high-level review of the Green HiPo IPCEI project as previously ratified by the European Union.
  • Upon submission, Advent anticipates receiving up to 782.1 million euros in funding from the Greek State over a six-year period for its Green HiPo IPCEI project.

Advent Technologies Reports Q1 2023 Results

Retrieved on: 
Monday, May 15, 2023

Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended March 31, 2023.

Key Points: 
  • Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended March 31, 2023.
  • The focus towards the mobility sector and stationary power sector has been endorsed by significant opportunity wins for Advent,” said Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies.
  • Hood Park R&D and Manufacturing Facility: On March 6, 2023, Advent announced that it opened its new R&D and manufacturing facility at Hood Park in Boston, Massachusetts.
  • Advent intends that its proprietary fuel cell products, such as Serene and Honey Badger 50™, will use the Ion Pair™ Advent MEAs beginning in 2024.

Advent Technologies' Chairman and CEO, Dr. Vasilis Gregoriou Elected as Chair of EU IPCEI Hy2Tech Group

Retrieved on: 
Wednesday, March 29, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230329005582/en/
    Dr. Vasilis Gregoriou (Chairman and CEO, Advent Technologies) during the 1st General Assembly for Hy2Tech and Hy2Use in Berlin, Germany.
  • Richard Schauperl, Senior Project Manager, R&D Hydrogen and Fuel Cell at AVL GmbH, was also elected as the Deputy Chair of the Facilitation Group.
  • Advent’s Green HiPo is one of 41 projects ratified under IPCEI Hy2Tech, jointly prepared and notified by fifteen Member States.
  • Dr. Vasilis Gregoriou, Advent's Chairman and CEO, commented, "I am deeply honored to have been elected as the Chair of the Facilitation Group for IPCEI Hy2Tech, and I am grateful for the trust and support from my fellow industry leaders.

EQS-News: cyan AG: COSMOTE (OTE Group) launches cyan’s cybersecurity filter technology to protect subscribers online

Retrieved on: 
Sunday, November 27, 2022

cyan's cybersecurity platform is powered by its own in-house proprietary and patented threat intelligence that detects cyber-threats such as malware and phishing in real-time.

Key Points: 
  • cyan's cybersecurity platform is powered by its own in-house proprietary and patented threat intelligence that detects cyber-threats such as malware and phishing in real-time.
  • "We are very happy to welcome COSMOTE to the growing number of mobile and broadband carriers who have launched one of cyans leading cybersecurity solutions," said Frank von Seth, CEO of cyan AG.
  • In the process cyan can offer a range of solutions along the entire value chain from platform, data optimization to cybersecurity.
  • cyan AG Media and Press:
    15.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Retrieved on: 
Monday, July 18, 2022

STAMFORD, Conn., July 18, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (PPC), the largest Greek electricity generator and the principal supplier of electricity in the country.

Key Points: 
  • STAMFORD, Conn., July 18, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (PPC), the largest Greek electricity generator and the principal supplier of electricity in the country.
  • Finacity provided analytic and structuring support, as well as serving as the ongoing transaction administrator.
  • Public Power Corporation, a Greek State-controlled entity, is the leading player in the Greek energy market.
  • PPC supplies power to approximately 6.3 million customers throughout Greece and is the largest power generation company in the country.

Advent Technologies Hosted Virtual 2022 Investor Day Event

Retrieved on: 
Monday, July 11, 2022

Advent Technologies Holdings, Inc. (NASDAQ: ADN) (Advent or the Company), an innovation-driven leader in the fuel cell and hydrogen technology markets, has released the webcast today of its virtual 2022 Investor Day event that was held on July 7, 2022.

Key Points: 
  • Advent Technologies Holdings, Inc. (NASDAQ: ADN) (Advent or the Company), an innovation-driven leader in the fuel cell and hydrogen technology markets, has released the webcast today of its virtual 2022 Investor Day event that was held on July 7, 2022.
  • During the Investor Days proceedings, Advent Technologies C-suite executives and senior leaders discussed the Companys recent innovative advancements of its fuel cell products and systems, hydrogen development projects, and commercial activities in markets across the U.S., Europe, and Asia.
  • Prior to this event, Advent issued important announcements that were discussed during the course of its virtual 2022 Investor Day:
    Advent Technologies Receives Notification of Euro 782.1 Million Funding from the Greek State for IPCEI Green HiPo Project - June 16: Notification from the Greek State has been sent to the European Union (EU) under the IPCEI framework.
  • More details regarding Advents first virtual Investor Day can be found on the Companys dedicated website page .