Advent Technologies 4.65GW Green Hydrogen, 400MW Fuel Cells Projects Get Greek Government Approval

US-based fuel cell components manufacturer Advent Technologies’ two Greek Important Projects of Common European Interest (IPCEI) have been approved by a joint decision by the Greek Minister of Development and Investments, Adonis Georgiadis, and the Greek Minister of Environment, Energy, and Climate Change, Kostas Skrekas.

September 08, 2021. By Manu Tayal

US-based fuel cell components manufacturer Advent Technologies’ two Greek Important Projects of Common European Interest (IPCEI) have been approved by a joint decision by the Greek Minister of Development and Investments, Adonis Georgiadis, and the Greek Minister of Environment, Energy, and Climate Change, Kostas Skrekas.

The two projects namely White Dragon and Green HiPo projects, i.e. 4.65 GW of Green Hydrogen and 400 MW of Fuel Cells projects, were among 5 projects, out of 20 submitted, that received approval and were selected after evaluation by a special Inter-ministerial Committee of Experts.

The scope of the programs, as submitted by Advent and the White Dragon consortium of companies, is set to replace Greece’s largest coal-fired plants, with renewable solar energy parks, which will be supported by green hydrogen production (4.65GW), and fuel cell heat and power production (400MW).

Further, these projects have been part of the ‘Hydrogen Technologies’ IPCEI and will now move towards approval at the European Union (EU) level.
As a next step, Advent would be demonstrating before the European Commission (DG Competition) the economic, environmental, financial, social, technical feasibility of the project and the positive spillover effects to the European economy and society.

Upon successful assessment, the company will be receiving a final notification from the European Commission.

Commenting on the development, Dr. Vasilis Gregoriou, Chairman and CEO of Advent, said, “we are thrilled with this news that the White Dragon and Green HiPo projects have been approved by the Greek government in the first wave of the IPCEI projects. This decision demonstrates the commitment by Greece and the EU to rapidly decarbonize power production.”

The White Dragon project aims to use large-scale renewable electricity to produce green hydrogen by electrolysis in the region. This hydrogen would then be stored, and - through Advent’s high-temperature proton exchange membrane (HT-PEM) fuel cells - supply all of Greece with clean electricity, green energy, and heat.

Meanwhile, the Green HiPo project concerns the development, design, and manufacturing of HT-PEM fuel cells for the production of heat and power.
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