A Memorandum of Cooperation was signed by DEPA Emporias SA and Advent Technologies Holdings Inc., a leader in the field of fuel cell and hydrogen technology, inaugurating their strategic cooperation in hydrogen projects of mutual interest.
According to a statement, the Memorandum of Cooperation sets the framework for reaching an upcoming mutually binding agreement. Specifically, the parties preliminarily agreed to complete the following actions:
– Collaboration for the production of environmentally friendly and green hydrogen as a fuel, with the participation of other major industrial partners.
– Joint development of a Combined Heat and Power (CHP) system based on proprietary and highly differentiated technology, which will be ready for mass production with an efficiency approaching 90% and multi-fuel capabilities (hydrogen, natural gas, synthetic fuels ). The systems will cover both current and future modes and use cases, as well as on- and off-grid energy generation.
– Creation of a “hub” for the Greek hydrogen and fuel cell industry and development of synergies for the promotion of hydrogen and related technologies.
The CEO of DEPA, Konstantinos Xifaras, said: “Our collaboration with Advent ushers our company into a new era and is another important milestone in the development of hydrogen technologies in our country. DEPA closely monitors developments and actively promotes the development of the hydrogen sector in Greece, while Advent has advanced electrochemistry know-how, engineering experience as well as activity on a global scale.We look forward to working with Advent’s team of experts and contributing both to the diversification of the national energy mix and the security of the energy supply, as well as the strengthening of the national economy.”
Advent President and CEO Vassilis Grigoriou added: “We are excited to join forces with DEPA on joint renewable energy projects, which have huge potential to redefine Greece’s energy future. DEPA is a trusted partner with extensive experience and a strong presence in the energy landscape of Southeast Europe. We look forward to a long-term partnership with DEPA with the aim of jointly accelerating Greece’s transition to clean energy production and transport and further strengthening our joint presence on the global hydrogen map” .
Source: AMPE
Source: Capital
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