Advent Technologies Holdng Inc Stock Price, News & Analysis

Advent Technologies Holdings, Inc. (NASDAQ: ADN) has launched the M-ZERØ™ product line, aimed at generating power in remote areas and reducing methane emissions from oil and gas wellheads. This innovation targets a significant environmental issue, as methane emissions from wellheads contribute to approximately 40 million tons of CO2 annually. The M-ZERØ™ fuel cells, capable of operating in extreme conditions, offer a cleaner alternative to conventional systems. Advent plans to deploy these systems in Canada and the U.S., with further expansion expected upon the acquisition of SerEnergy.

Advent Technologies has been nominated by the Greek Ministry of Development to participate in the Important Projects of Common European Interest (IPCEI) on Hydrogen, taking on the role of Coordinator for Technology Field 2 focused on fuel cells. The company will prepare a joint document outlining fuel cell requirements for mobility and stationary markets. Advent will lead the Green HiPo project, aimed at developing efficient high-temperature fuel cells, creating approximately 1,400 jobs, and supporting Greece's energy transition by decommissioning lignite plants by 2028.

Advent Technologies (NASDAQ: ADN) announced its participation in the DEFEA Defence Exhibition in Athens, Greece, from July 13-15, 2021. The company will showcase its portable fuel cell products, including the UltraCell XX55™, at the USA Pavilion, which features 32 leading U.S. defense firms. Advent's collaboration with the U.S. Department of Defense focuses on using methanol for portable charging solutions, reducing reliance on traditional fuels. UltraCell's innovative products, currently deployed by military agencies, highlight Advent's commitment to green technology and power solutions.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) has appointed Kevin Brackman as the new Chief Financial Officer, reporting to CEO Dr. Vasilis Gregoriou. Brackman brings extensive experience from Myers Industries and Ingersoll-Rand, focusing on financial reporting and internal controls. He aims to support Advent in its acquisitions of Serenergy and fischer eco solutions, enhancing its mission to promote green energy through innovative fuel cell technology. This change comes after the departure of former CFO Bill Hunter, who played a key role during Advent's public market debut.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) has joined ITS mobility, Germany's largest cluster for intelligent mobility. This membership enables Advent to leverage its high-temperature fuel cell technology, which allows vehicles to utilize various zero-emission fuels. ITS mobility comprises over 200 members, focusing on sustainable mobility innovations. CEO Dr. Vasilis Gregoriou expressed excitement about collaborating with industry experts to advance hydrogen and fuel cell technologies. The company, known for its patented HT-PEM technology, aims to contribute to the clean energy transition in the automotive sector.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced a definitive agreement to acquire the fuel cell systems businesses of fischer Group for EUR52 million in cash and stock. This acquisition includes Serenergy and fischer eco solutions GmbH, enhancing Advent's capabilities in high-temperature polymer electrolyte membrane (HT-PEM) fuel cells. With thousands of systems shipped globally, Serenergy focuses on the off-grid market, and FES contributes critical component production. The deal is expected to close in Q3 2021, aiming to accelerate Advent's revenue and market share in the alternative power sector.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced that its Chairman and CEO, Dr. Vasilis Gregoriou, will speak at the European Hydrogen Conference on June 23, 2021. His 20-minute interview will cover the role of fuel cell technologies in the hydrogen economy and Advent's innovative "Any Fuel. Anywhere." technology that supports emission-free power solutions. The conference aims to address projects and regulations aligned with the European Commission’s net-zero emissions target, featuring expert discussions on hydrogen supply and demand.

Advent Technologies Holdings (NASDAQ: ADN) announced that Chairman and CEO Dr. Vasilis Gregoriou will speak at the European Hydrogen Conference on June 23, 2021. He will discuss fuel cell technologies and Advent's innovative ‘Any Fuel. Anywhere.’ solutions in a 20-minute presentation. The conference aims to address the hydrogen economy and achieving net-zero emissions targets. Advent, headquartered in Boston, specializes in developing fuel cell components and holds over 120 patents. This event aligns with their focus on advancing clean energy technology and facilitating the transition to a hydrogen economy.

Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced that CEO Dr. Vasilis Gregoriou will participate in the Edison Open House: Transport Futures event on June 16, 2021. This digital investors event, co-hosted with the London Stock Exchange, focuses on innovations in transportation. Dr. Gregoriou will discuss hydrogen fuel cells' role in decarbonizing transport, highlighting Advent's unique technology for various fuel environments. The event spans three days, each themed around different aspects of transport, showcasing key industry advancements.