Advent Technologies Signs Memorandum of Understanding with BASF to Secure Supply Chain for Large Scale Projects
December 13 2021 - 9:00AM
Business Wire
Together, the companies will explore
membrane manufacturing, mass production and testing capabilities
for the BASF Celtec® membrane for high temperature PEM fuel
cells.
Advent Technologies Holdings, Inc. (NASDAQ: ADN) and BASF New
Business GmbH ("BASF") recently signed a Memorandum of
Understanding (MoU). The agreement aims to develop and increase the
manufacturing scale of advanced fuel cell membranes designed for
long-term operations under extreme conditions. BASF intends to
improve the long-term stability of its Celtec® membrane and to
increase production capacity with advanced technical capabilities
to enable further improved and competitive Advent fuel cell systems
and membrane electrode assembly (MEA).
Under the agreement the two companies will explore the
implementation of high-volume manufacturing for the Celtec®
membranes, utilize Advent’s fuel cell stack and system testing
facilities to assess and qualify the new Celtec® membrane for the
SereneU (telecom power), M-ZERO, (methane emissions reduction), and
Honey Badger (portable power, defense) Advent product families.
Furthermore, BASF supports the realization of large-scale Important
Projects of Common European Interests (IPCEIs) White Dragon and
Green HiPo (pending EU approval), through materials for power
generation, hydrogen generation, and power storage. The goal of the
two projects as submitted by Advent and the White Dragon consortium
of companies is to replace Greece’s largest coal-fired power plants
with renewable solar energy parks, which will be supported by
CO2-free hydrogen production (4.65GW), and fuel cell heat and power
production (400MW). In addition, BASF will also evaluate the
producibility of the ion pair membrane developed in collaboration
by Advent and the US Department of Energy.
Advent Technologies’ Chairman and CEO Dr. Vasilis Gregoriou
commented, “The MEA is the heart of the fuel cell, determining the
overall system performance. Our high temperature polymer
electrolyte membrane-based MEA is a critical component used in fuel
cells and other electrochemistry applications such as CO2-free
hydrogen production, and energy storage. The agreement with BASF
advances our vision to accelerate electrification through advanced
materials, components, and next-generation fuel cell technology and
to support industries in decarbonizing at a faster rate.”
Dr. Frank Prechtl, BASF’s Director Business Build-up Energy
Management noted, “BASF is a front-runner in offering our customers
a portfolio of products with lower carbon footprints to help our
customers to reach their climate goals. Our Celtec® technology is
an enabler for Advent’s ambition for innovative fuel cell and
hydrogen technologies. We can contribute with our ability to
scale-up capacities for the membrane to support Advent.”
Advent, an innovation-driven leader in the fuel cell and
hydrogen technology space, has substantial experience in the
development of high-temperature PEM fuel cell systems namely for
stationary and portable applications as well as critical components
such as MEAs and Gas Diffusion Electrodes (GDEs). Advent is working
to increase the performance and scope of its products to satisfy
the requirements of its customers and to address new applications.
BASF has substantial experience in the manufacturing and
development of proton-conducting membranes, GDEs, HT-PEM-MEAs and
the pertinent chemicals, catalysts, and compositions for their
application in hydrogen separation and fuel cells. BASF is
constantly improving the quality, robustness and performance of its
products to support growth in fuel cell systems applications.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles complete fuel cell systems,
and the critical components for fuel cells in the renewable energy
sector. Advent is headquartered in Boston, Massachusetts, with
offices in California, Greece, Denmark, Germany, and the
Philippines. With more than 100 patents issued for its fuel cell
technology, Advent holds the IP for next-generation HT-PEM that
enable various fuels to function at high temperatures under extreme
conditions – offering a flexible “Any Fuel. Anywhere.” option for
the automotive, aviation, defense, oil and gas, marine, and power
generation sectors. For more information, visit
www.advent.energy.
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Media Contacts
Advent Technologies Holdings, Inc. Elisabeth Maragoula / Chris
Kaskavelis press@advent.energy
Sloane & Company James Goldfarb / Emily Mohr
jgoldfarb@sloanepr.com / emohr@sloanepr.com
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