Advent Technologies Holdings, Inc. (NASDAQ: ADN), an
innovation-driven leader in the fuel cell and hydrogen technology
space, is pleased to unveil its range of Serene Power
Systems, an innovative clean power solution resulting
from the synergy of the Company’s High-Temperature Proton
Exchange Membrane (“HT-PEM”) fuel cells with a
compact battery unit, designed to fulfill both
primary and auxiliary power requirements for
vessels.
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Advent's new product line is designed to
provide clean and reliable power for marine propulsion, auxiliary
applications, and shore power (Photo: Business Wire)
Serene Power Systems integrate a compact battery,
significantly smaller than traditional battery-only solutions, with
a small fuel cell configuration operating on methanol
or eMethanol. This combination not only serves as the
primary power source for smaller vessels, including leisure
boats, sailboats, ferries and inland river
vessels, but also replaces conventional diesel
generators, providing a clean and efficient power alternative
for a wide range of marine applications. Furthermore, Serene Power
Systems offer robust power capacity for supporting auxiliary
loads on larger vessels and supply convenient shore
power solutions for vessels at ports.
Leveraging Advent's patented HT-PEM technology, Serene
Power Systems are purpose-built for optimal performance with
various fuels, including methanol, biomethanol, and
eMethanol. Operating at high temperatures, they
efficiently generate electricity while producing heat,
significantly boosting overall efficiency, which can reach
up to 85%. These systems exhibit exceptional
resilience in diverse environmental conditions,
spanning extreme heat, cold, humidity, and air pollution, operating
within an ambient temperature range of -20°C to
+50°C, all without the need for modifications. Methanol, a
standout energy delivery and storage medium, excels as a superior
hydrogen carrier, releasing hydrogen catalytically through a
fuel reformer. Moreover, methanol offers the advantage of
efficient storage and wide availability through existing
infrastructure, with a distribution network akin to
conventional fuels, establishing it as a safe and cost-effective
marine fuel option.
Serene Power Systems offer several key advantages:
- Customized for Every Vessel: Meticulously designed with
modular flexibility, Serene Power Systems adapt to each vessel’s
unique specifications, ensuring durability and simplicity while
allowing for effortless customization.
- Near Silent Operation: Operating in near silence, Serene
Power Systems preserve the tranquility of the vessel experience by
eliminating disruptive noise and vibration.
- Minimal Maintenance, Cost-Efficiency: Advent's
innovative design significantly reduces the need for Maintenance,
Repair, and Operations (MRO), sparing vessel owners from
mid-journey engine servicing inconveniences and providing more
uninterrupted time on the open waters.
- Competitive Pricing: Efficiency extends to
cost-effectiveness. Advent's low-maintenance fuel cell solutions
offer a competitive total cost of ownership, benefiting both the
environment and the financial bottom line.
- Effortless Refueling: Advent’s Serene Power Systems
recharge themselves by converting liquid green methanol fuel into
electric power. Advent is planning to introduce 100% green
eMethanol, derived from green hydrogen and sustainable power
sources, enabling vessels to harness the energy of the sun and
wind.
Advent will introduce Serene Power Systems for the first time at
the Monaco Yacht Show, taking place from September 27th
to 30th. Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, will
deliver a presentation on September 27th at 15:40
CET, highlighting the capabilities and diverse applications of
Serene Power Systems. Furthermore, Advent’s booth at the
Sustainability Hub at the event (Booth Number: SH4) will be
manned by a team of marine experts, who will be available to
discuss how Advent’s Serene Power Systems can enhance any vessel
experience.
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, stated,
"We are delighted to introduce this groundbreaking solution that
eliminates the need for recharging and the burden of lugging a
heavy onboard battery. As methanol becomes more widely adopted in
the marine industry, our purpose-designed systems for this
environmentally-friendly fuel sets us apart. Serene Power Systems
are designed to operate efficiently and cost-effectively at high
temperatures, ensuring practical and trouble-free methanol
utilization."
Dr. Chris Kaskavelis, Advent's Chief Strategy
Officer, added, "Serene Power Systems use liquid green fuel
(methanol) and are much smaller and cheaper than battery-only
solutions. Our goal is to make them as cheap and reliable as diesel
generators, and to fuel with eMethanol made from green hydrogen.
This way we achieve zero emissions and zero pollution at an
affordable cost."
- For more details on Advent's Serene Power Systems, please
download our recently published marine brochure: Download-Marine -
Advent Technologies
- To explore Advent's marine collaboration with Siemens Energy,
please click here:
https://press.siemens-energy.com/global/en/feature/fuel-cell-projects-are-wave-future-decarbonizing-maritime-sector
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that
develops, manufactures, and assembles complete fuel cell systems as
well as supplying customers with 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 150 patents issued,
pending, and/or licensed for fuel cell technology, Advent holds the
IP for next-generation HT-PEM that enables various fuels to
function at high temperatures and under extreme conditions –
offering a flexible fuel option for the automotive, aviation,
defense, oil and gas, marine, and power generation sectors. For
more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These
forward-looking statements generally can be identified by the use
of words such as “anticipate,” “expect,” “plan,” “could,” “may,”
“will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and
other words of similar meaning. Each forward-looking statement
contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others, the Company’s ability to
maintain the listing of the Company’s common stock on Nasdaq;
future financial performance; public securities’ potential
liquidity and trading; impact from the outcome of any known and
unknown litigation; ability to forecast and maintain an adequate
rate of revenue growth and appropriately plan its expenses;
expectations regarding future expenditures; future mix of revenue
and effect on gross margins; attraction and retention of qualified
directors, officers, employees and key personnel; ability to
compete effectively in a competitive industry; ability to protect
and enhance Advent’s corporate reputation and brand; expectations
concerning its relationships and actions with technology partners
and other third parties; impact from future regulatory, judicial
and legislative changes to the industry; ability to locate and
acquire complementary technologies or services and integrate those
into the Company’s business; future arrangements with, or
investments in, other entities or associations; and intense
competition and competitive pressure from other companies worldwide
in the industries in which the Company will operate; and the risks
identified under the heading “Risk Factors” in Advent’s Annual
Report on Form 10-K filed with the Securities and Exchange
Commission (“SEC”) on March 31, 2023, as well as the other
information filed with the SEC. Investors are cautioned not to
place considerable reliance on the forward-looking statements
contained in this press release. You are encouraged to read
Advent’s filings with the SEC, available at www.sec.gov, for a
discussion of these and other risks and uncertainties. The
forward-looking statements in this press release speak only as of
the date of this document, and the Company undertakes no obligation
to update or revise any of these statements. Advent’s business is
subject to substantial risks and uncertainties, including those
referenced above. Investors, potential investors, and others should
give careful consideration to these risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20230921164563/en/
Advent Technologies Holdings, Inc. Michael Trontzos
press@advent.energy
Advent Technologies (NASDAQ:ADN)
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