Advent Technologies Holdings, Inc., based in the USA with operations in Livermore, California, and Greece, announced that its Greek subsidiary, Advanced Energy Technologies, SA, has successfully secured a €34.5 million grant from the EU Innovation Fund for the RHyno Project. This project aims to establish infrastructure for developing and manufacturing innovative fuel cells, electrolysers, and key components at a megawatt scale. The initiative focuses on enhancing power density and lifespan while reducing the weight and volume of power systems to serve industries like aviation, maritime, and heavy-duty automotive sectors. The state-of-the-art manufacturing facility is designed to optimize production processes and boost efficiency in fuel cell and electrolyser technologies. The EU Innovation Fund, one of the largest funding programs for innovative low-carbon technologies globally, aims to bring industrial solutions to decarbonize Europe and support its transition to climate neutrality. Advent's recognition by the Innovation Fund highlights its commitment to advancing clean energy technologies. Advent Technologies Holdings, Inc. specializes in HT-PEM fuel cell technology, facilitating the use of green eFuels, renewable natural gas, or hydrogen across various applications including stationary, portable, data center, off-grid power generation markets, and heavy-duty mobility sectors. The announcement reflects Advent's dedication to driving the clean energy transition and its leadership in fuel cell and hydrogen technology. The successful grant approval underscores the company's innovative approach and the potential impact of the RHyno Project in addressing carbon-intensive industries. With a focus on innovation and sustainability, Advent's initiatives align with the EU's objectives for a greener future.