BOSTON, April 06, 2022–(Business WIRE)–Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Corporation”), an innovation-driven chief in the gasoline cell and hydrogen technological know-how sectors, is pleased to announce the signing of a technological know-how evaluation, income, and enhancement arrangement with Hyundai Motor Firm (“Hyundai”), a leading multinational automotive producer giving a variety of world-class vehicles and mobility products and services in around 200 nations.
Advent and Hyundai goal to provide inexperienced vitality solutions to existing significant carbon purposes, working with gasoline mobile technological know-how. Below the arrangement, Hyundai will deliver catalysts to Introduction for analysis in its proprietary Membrane Electrode Assemblies (“MEAs”), when Arrival intends to aid Hyundai in fulfilling its gas cell venture demands, by way of:
Acquiring inks and structures using IFAT catalysts, which will then be evaluated by IFAT. Subsequent evaluation, Hyundai will decide whether IFAT or conventional catalysts will be used for this challenge.
Giving MEAs through the improvement/commercialization cycle (“Introduction MEAs”) for tests, analysis, and optimization underneath problems set by Hyundai.
Helping Hyundai with the use and technical specs of MEAs as properly as their implementation into Hyundai’s styles.
Adhering to the completion of the 1st phase of the venture, the providers will collaborate carefully to set out specific solution prerequisites, collaborative product or service goals, as effectively as milestones for accomplishing set up aims and designs for period 2, which shall also include things like Advent’s stack cooling technologies.
The new Introduction MEAs to be examined by Hyundai are presently becoming designed inside of the framework of L’Innovator, Advent’s joint improvement application with the U.S. Office of Energy’s Los Alamos Nationwide Laboratory, Brookhaven Countrywide Laboratory, and Countrywide Renewable Electricity Laboratory. MEAs are the most vital parts of a gasoline mobile as they greatly define the efficiency, life time, weight, and price of the finish technique.
Introduction MEAs run at a significant temperature (80oC to 240oC) compared to the incumbent small temperature PEM technologies, which is limited to an operating temperature of down below 100oC. The means to function at a substantial temperature confers considerable positive aspects such as the productive warmth removing in heavy-obligation mobility apps, creating Advent’s higher temperature PEM an perfect technological innovation for vans, aviation, and marine programs. Advent’s MEAs can run efficiently with fuels this sort of as impure hydrogen which can be reformed on-board from methanol, purely natural fuel, and other renewable fuels. Advent’s MEAs are also resilient to extreme temperature versions, humidity, and air top quality ailments.
Dr. Emory De Castro, Advent’s Main Technological innovation Officer, said, “We are fired up and happy to be a part of forces with Hyundai, aiming to significantly contribute to their mission and to jointly take part in the pivotal purpose to transition world culture to clear vitality, hence building hydrogen an economically practical energy supply. MEAs form the coronary heart of the fuel mobile and they are also a crucial component for other electrochemistry programs, these kinds of as CO2-totally free hydrogen creation, and, electricity storage. We hope our proprietary MEAs will ideal serve Hyundai’s small business needs and glimpse forward to a lengthy and very productive collaboration, sharing our extended-standing experience to assist Hyundai in bringing its foreseeable future mobility strategy to existence.”
About Advent Technologies Holdings, Inc.
Introduction Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles total gasoline cell units, and the critical components for fuel cells in the renewable strength sector. Arrival is headquartered in Boston, Massachusetts, with workplaces in California, Greece, Denmark, Germany, and the Philippines. With a lot more than 100 patents issued for its gas cell engineering, Arrival retains the IP for upcoming-technology HT-PEM that permits numerous fuels to operate at large temperatures and under excessive disorders – offering a flexible “Any Gas. Any where.” selection for the automotive, aviation, defense, oil and gasoline, maritime, and power era sectors. For additional information and facts, stop by www.introduction.power.
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Advent Systems Holdings, Inc.
Elisabeth Maragoula / Chris Kaskavelis