The European Climate, Infrastructure and Environment Executive Agency (CINEA) has signed a €34.5 million grant agreement with U.S. Advent Technologies Holdings' Greek subsidiary for the Renewable Hydrogen Innovative Technologies (RHyno) project. This funding will support the development of infrastructure for innovative fuel cells, electrolyzers, and key components at a megawatt scale. The project aims to utilize innovative materials to enhance performance while reducing the size and weight of power systems. Advent's focus on membranes and fuel cell technology is crucial for the decarbonization of carbon-intensive industries. The project is expected to optimize production processes and industrialize fuel cell and electrolyzer technologies. Advent's Chief Operating Officer believes that the project will be transformational, opening up opportunities for industrial partnerships and collaborations with academic and government institutions. This initiative reflects a significant step towards promoting renewable hydrogen innovation and decarbonization efforts in various sectors.