Advent Technologies Holdings, Inc. (NASDAQ: ADN), through its wholly owned Greek subsidiary Advanced Energy Technologies S.A., has reported progress on the €34.5 million Renewable Hydrogen Innovative Technologies (RHyno) Project, funded by the European Union’s Innovation Fund. The project officially commenced on 1 April 2025 and is aimed at advancing hydrogen and fuel cell technologies at scale.

According to Advent, five key deliverables have already been submitted to the European Climate, Infrastructure and Environment Executive Agency (CINEA). These submissions represent an early stage of compliance and development milestones for the initiative. In addition, the company is preparing to file its first progress report in September 2025, which will cover the project’s initial six-month period.

Advent’s Senior Vice President for Business Development, Dr. Nora Gourdoupi, stated that the company is currently in the pre-design phase of its facilities. This stage includes obtaining permits, finalising regulatory requirements, and completing initial planning. A draft master plan for the project is expected to be ready by the end of September. To ensure transparency, Advent launched a dedicated RHyno Project website in July 2025, offering regular updates and details on ongoing activities.

The RHyno Project is focused on building critical infrastructure for the development and production of innovative fuel cells, electrolysers, and related components. A central element of the initiative is Advent’s proprietary Membrane Electrode Assembly (MEA) technology, which has been developed to improve the efficiency and durability of hydrogen-based power systems.

By scaling MEA technology to megawatt (MW) levels, the project aims to enhance power density and extend lifespan while reducing the weight and volume of fuel cell and electrolyser systems. The streamlined balance of plant design is expected to further improve operational performance.

The strategic objectives of the RHyno Project extend beyond research and development. Advent aims to reinforce its role in the global fuel cell market while simultaneously entering the electrolyser segment, which is increasingly seen as a cornerstone of the green hydrogen economy.

The European Innovation Fund’s support highlights the project’s alignment with EU priorities on climate action and clean energy transition. Hydrogen technologies, particularly those related to electrolysers and fuel cells, are expected to play a vital role in Europe’s plans to decarbonise industry, mobility and power generation over the coming decades.

Source:

https://fuelcellsworks.com/2025/09/02/news/advent-technologies-moves-forward-with-34-5-million-rhyno-project-funded-by-eu-innovation-fund