Advent Technologies, DEPA Commercial to collaborate on hydrogen projects in Greece
H2 tech and fuel-cell company Advent Technologies has announced signing of a MoU with DEPA Commercial S.A, - the leading importer of pipeline gas and LNG in Greece - to enter into a strategic collaboration on hydrogen projects of common interest in the country.
The parties have agreed on work on the production of environment-friendly hydrogen as a fuel with the participation of other major industrial partners, and create an innovation hub for the Greek hydrogen and fuel cell industry to develop synergies for promoting H2 and related technologies.
Further, the MoU also mentions framework for co-developing a proprietary and highly differentiated CHP system ready for mass production, with efficiency of about 90 percent and with multi-fuel operating capabilities including H2, natural gas, and e-fuels that can address the on-grid and off-grid operation modes and business cases.
Dr. Vasilis Gregoriou, Advent's Chairman and CEO, said, "We are thrilled to be joining forces with DEPA in common renewable energy projects that hold great potential to redefine Greece's energy future. DEPA is a trusted partner with significant experience and a strong presence in the energy sector of South East Europe".
"We look forward to a long-term cooperation with DEPA in an effort to jointly accelerate Greece's transition to clean energy production and transport and to further strengthen our common presence on the global hydrogen map", he added.
DEPA's CEO Dr. Konstantinos Xifaras, commented, "Our cooperation with Advent marks another important milestone in the advancement of hydrogen technologies in our country. DEPA has been closely following and actively pushed for the developments in the hydrogen sector, while Advent has extensive electrochemistry and engineering expertise and a global scale of operations and manufacturing footprint".
He further said, "We look forward to working with Advent's team of experts, contributing to the diversification of the national energy mix and the security of the energy supply while simultaneously strengthening the national economy".
DEPA currently holds the position of co-chair of one of the six roundtables of the Clean Hydrogen Alliance, set-up by the European Commission, to direct investments to facilitate and implement the EU's hydrogen strategy via the creation of dedicated Important Projects of Common European Interest.
