Advent Technologies Holdings, Inc., based in Livermore, California, shared operational and financial highlights for the first quarter of 2024. The company emphasized its focus on fuel cell and hydrogen technology, particularly highlighting its work in the aviation, defense, and automotive sectors. One of the key projects highlighted was the collaboration with Airbus to benchmark HT-PEM fuel cell MEAs in aviation. This project aims to enhance performance and address thermal management challenges in fuel cell use for aviation, as well as heavy-duty trucks, automotive, and marine industries. Advent Technologies also continued its work with the U.S. Department of Defense on optimizing portable power systems, specifically the Honey Badger 50™ portable fuel cell system. The company successfully met program milestones and aims to reinforce collaboration with the DoD for long-term projects. Additionally, Advent focused on developing the Advent MEA to significantly improve power density and lifetime performance, targeting heavy-duty mobility and reducing total cost of ownership. The company aims to establish new technology standards in the market with its fuel cell solutions. Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies, expressed optimism about the role of hydrogen in achieving decarbonization goals by 2050. He highlighted the potential of Advent's HT-PEM technology to drive innovation and partnerships in various sectors. Despite changes in the CFO position, Advent Technologies remains committed to advancing its technology and fuel cell solutions to contribute to a greener and more sustainable future.