Advent Technologies Holdings, Inc. announced that its Greek subsidiary, Advanced Energy Technologies, SA, secured a substantial grant of €34.5 million from the EU Innovation Fund for the RHyno Project. This project aims to establish infrastructure for developing and manufacturing innovative fuel cells, electrolysers, and their components at a megawatt scale. The key objective of the RHyno Project is to enhance power density, lifespan, and efficiency while reducing weight and volume in power systems through advanced materials and production processes. The state-of-the-art manufacturing facility will optimize production processes to industrialize fuel cell and electrolyser technologies. These advancements are crucial for decarbonizing industries like aviation, maritime, and heavy-duty automotive, positioning Advent at the forefront of the clean energy transition. The Innovation Fund, supporting the commercial demonstration of low-carbon technologies, recognizes the importance of Advent's contributions to decarbonization and climate neutrality in Europe. Advent Technologies, a U.S.-based corporation with operations in fuel cell, methanol, and hydrogen technology, specializes in developing the Membrane Electrode Assembly (MEA) and fuel cell stack. With over 100 patents related to HT-PEM fuel cell technology, Advent's fuel cells enable the use of green eFuels, renewable natural gas, or hydrogen in various markets. The company's 'Any Fuel. Anywhere.' platform offers highly efficient and resilient fuel cells suitable for diverse applications, including stationary, portable, data center, and off-grid power generation, as well as heavy-duty mobility. This grant not only highlights the exceptional work of the Advent team but also reinforces their commitment to revolutionizing clean energy technology and driving the transition to sustainable solutions for diverse industries.