Renewable energy company Advent Technologies Holdings, Inc. (ADN) operates as an advanced materials and technology development company that functions in the fuel cell and hydrogen technology market. The company manufactures and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells. The company’s offerings include the high-temperature proton exchange membrane (HT-PEM) fuel cells and electrode assemblies.
On April 6, ADN announced the signing of a technology assessment, sales, and development agreement with multinational automotive manufacturer Hyundai Motor Company (HYMTF). The companies, through this collaboration, intend to provide green energy solutions to high carbon applications leveraging fuel cell technology. Under the agreement, HYMTF is expected to provide catalysts to ADN for evaluation in its proprietary Membrane Electrode Assemblies (MEAs). On the other hand, ADN intends to support the automotive company in fulfilling its fuel cell project needs.
