Advent Technologies Approved for €2.16 Million "RESCUE" Project

Core Insights - Advent Technologies Holdings, Inc. has launched the RESCUE project, a strategic initiative aimed at developing portable fuel cells for backup power during natural disasters, with a total budget of €5 million and a funding rate of 70% [1][4] - The project will focus on creating a certified, portable 50 kW power generator system utilizing HT-PEM technology, involving collaboration with several international partners [2][3] Group 1 - The RESCUE project is coordinated by DLR (Germany) and includes partners such as Advent Technologies (Greece), CERTH (Greece), THW (Germany), DTU (Denmark), and ProACT (Greece) [2] - Advent Technologies will serve as the primary technology provider, concentrating on system integration and innovation, with the main deliverable being a dual-fuel portable power generator system [3] - The project aims to enhance energy resilience and environmental sustainability by utilizing hydrogen and hydrogen-rich fuels, addressing the need for reliable power solutions in disaster-stricken areas [4] Group 2 - Advent Technologies is a U.S. corporation specializing in the development and manufacturing of fuel cell systems, holding over 150 patents related to fuel cell technology [5] - The company is headquartered in Livermore, CA, with additional offices in Athens and Patras, Greece, and focuses on various sectors including automotive, aviation, defense, and power generation [5]