The Company is organizing an exclusive webinar
in collaboration with Mission Hydrogen to introduce its new product
line on February 7, 2024
Advent Technologies Holdings, Inc. (NASDAQ: ADN), an
innovation-driven leader in the fuel cell and hydrogen technology
space, is pleased to unveil the SereneP, a cutting-edge product
line set to redefine portable power solutions with a particular
focus on construction and EV charging applications.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231220674179/en/
(Photo: Business Wire)
Advent’s SereneP offers unparalleled flexibility, configurable
to exact power needs ranging from 10kVA to 300kVA. It combines a
battery and a fuel cell, and operates seamlessly on liquid green
fuels like methanol, biomethanol, or eMethanol. SereneP can be
readily mobilised to a diverse range of locations, ensuring power
where it's needed the most.
- Construction sites, and EV charging station
Applications: SereneP caters to a wide array of power
applications, including construction sites, remote EV charging
stations, microgrid support, critical infrastructure applications,
events, and concerts, as well as providing reliable backup power
for buildings and camps.
- Environmental Benefits: SereneP is the epitome of
eco-friendly power generation, offering 80% CO2 emissions reduction
with biomethanol and up to 100% reduction in CO2 emissions with
eFuel use when compared to traditional fossil fuel power sources.
SereneP outperforms battery-only systems charged from the grid in
many countries and regions in terms of net emissions. The system’s
load-following capabilities ensure optimal fuel efficiency while
dynamically adjusting power output to match specific load
requirements, reducing operational costs and environmental
impact.
- Rugged and Reliable: Engineered to withstand diverse
environments, SereneP functions flawlessly in ambient temperatures
ranging from -20°C to 50°C. Its reliance on liquid green fuels
ensures simple and cost-effective logistics.
- Competitive: Battery-only systems are not ideal for
off-grid applications because they require continuous relocation to
the grid or other power source for recharging. Diesel generators
emit harmful emissions and noise, as well as representing
substantial risk of fuel theft. Pure hydrogen systems incur
substantial costs associated with fuel sourcing, storage, and
transportation in off-grid locations. SereneP, in contrast,
addresses all of these challenges by leveraging the advantages of
liquid eFuels, offering a cost-effective and environmentally
friendly solution with significant carbon reductions, and virtually
unlimited capacity.
Unlike traditional grid charging, SereneP's fuel cell charges
its batteries, enabling virtually limitless green power generation
even during grid outages, dependent only on the availability of
liquid green fuel. The Methanol Institute is tracking over 801
global projects focused on renewable methanol, projecting an annual
output of eMethanol and Biomethanol in excess of eight million
metric tons by 2027. In addition, Advent has established a global
network of fuel suppliers, guaranteeing its clients a steady
methanol supply for SereneP.
In Denmark, 14 of the largest public sector builders have
signaled that they will impose a requirement for contractors to use
emission-free work machines at building and construction project
sites. As a significant advancement in addressing this need, the
SereneP product line was officially introduced in November 2023 by
Advent, during an event organized by Denmark's National Centre for
Public-Private Sector Innovation in Copenhagen. Furthermore, the UK
also aims to eliminate diesel use on most construction sites.
Currently, around 300,000 Non-Road Mobile Machinery2 units in the
UK construction industry run on diesel, consuming 2.5 million tons
of oil equivalent and producing significant carbon emissions. The
Zero Diesel Sites Route Map outlines steps to reduce this volume by
78% by 2035, in line with the UK's 2021 Sixth Carbon Budget
goals.
Dr. Vasilis Gregoriou, Advent’s Chairman and CEO,
commented: “We are confident that SereneP is well-positioned to
efficiently replace diesel generators in construction and other
global applications. Recognizing a specific market need within the
construction rental sector, where upcoming regulations are expected
to prohibit diesel gensets, SereneP is ideally positioned as a
valuable solution available today. We are currently engaged in
discussions with industry-leading companies looking to phase out
diesel, who view SereneP as the way forward. As a result, SereneP
becomes an integral component of our sales strategy, allowing us to
play a pivotal role in meeting the evolving demand for clean and
highly portable power across construction and beyond."
In partnership with Mission Hydrogen, Advent is proud to host an
exclusive webinar on February 7, 2024, focused on introducing
SereneP. Secure your spot by registering for the event:
https://event.webinarjam.com/register/846/34lyrhl3w. To explore
specific models within Advent's cutting-edge SereneP product line,
access our newly-published brochure by clicking here.
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,
suitable 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.
___________________________ 1
https://www.methanol.org/renewable/ 2
https://www.constructionleadershipcouncil.co.uk/wp-content/uploads/2023/06/CLC-Press-Release-05-June-2023-Diesel-to-disappear-from-most-construction-sites-by-2035-under-new-plan.pdf
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version on businesswire.com: https://www.businesswire.com/news/home/20231220674179/en/
Advent Technologies Holdings, Inc. Michael Trontzos (Senior
Marketing Manager) press@advent.energy
Advent Technologies (NASDAQ:ADN)
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