- The MoU sets a framework for a binding agreement on hydrogen projects.
- Actions include producing eco-friendly hydrogen and developing a high-efficiency CHP system.
- The collaboration aims to create an innovation hub for hydrogen and fuel cell technologies in Greece.
- Advent holds over 150 patents in fuel cell technology.
MoU Signing
Advent Technologies Holdings, Inc. and DEPA Commercial S.A. have signed a Memorandum of Understanding (MoU) to collaborate on hydrogen projects in Greece. This MoU sets the groundwork for a future binding agreement between the two companies.
Key Actions
The preliminary agreement includes several key actions: collaborating on the production of environmentally friendly hydrogen fuel with other major industrial partners, co-developing a highly efficient Combined Heat and Power (CHP) system with multi-fuel capabilities, and creating an innovation hub for the Greek hydrogen and fuel cell industry.
Statements from Leadership
DEPA’s CEO, Dr. Konstantinos Xifaras, emphasized the importance of this collaboration in advancing hydrogen technologies in Greece, highlighting DEPA's role in diversifying the national energy mix and strengthening the national economy. Advent’s Chairman and CEO, Dr. Vasilis Gregoriou, expressed enthusiasm for the partnership, noting its potential to accelerate Greece’s transition to clean energy and enhance their presence in the global hydrogen market.
