US hydrogen firm signs Greek MoU
- Advent Technologies and DEPA Commercial to collaborate on projects with other 'major industrial partners'
Advent Technologies Holdings has authorized a memorandum of understanding (MoU) with Greek gas company DEPA Commercial to team up on green hydrogen projects.
The MoU lays out the framework for an upcoming mutually binding arrangement.
The parties have preliminarily accepted work together on the production of eco-friendly hydrogen as a fuel with the engagement of other major industrial partners.
They also intend to co-develop a proprietary as well as very separated CHP system prepared for mass production with performance approaching 90% and with multi-fuel operating capabilities (hydrogen, gas, efuels) that can address the vital existing, future, and on-grid, off-grid procedure modes as well as company cases.
Lastly, the pair will develop a technology center for the Greek hydrogen and also fuel cell industry as well as establish synergies for promoting hydrogen and related technologies.
DEPA's president Dr Konstantinos Xifaras said: "Our cooperation with Advent marks one more crucial milestone in the advancement of hydrogen modern technologies in our nation.
" DEPA has been very closely complying with and proactively pushed for the advancements in the hydrogen market, while Advent has considerable electrochemistry as well as design competence as well as a global scale of procedures and making footprint.
" We look forward to dealing with Advent's team of experts, contributing to the diversity of the national power mix and also the safety and security of the power supply while simultaneously strengthening the nationwide economic climate."
Advent's Chairman and also chief executive Dr Vasilis Gregoriou included: "We are enjoyed be joining forces with DEPA alike renewable energy projects that hold excellent prospective to redefine Greece's power future.
" DEPA is a relied on partner with substantial experience and a solid visibility in the energy sector of South East Europe.
" We anticipate a long-lasting teamwork with DEPA in an effort to jointly increase Greece's change to clean power manufacturing and transport and to better enhance our common presence on the global hydrogen map."