tiprankstipranks
Advent Technologies, Hyundai Motor announce joint development agreement
The Fly

Advent Technologies, Hyundai Motor announce joint development agreement

Last night, Hyundai Motor (HYMTF) announced a successful technology assessment with Advent Technologies (ADN) that evaluated Advent’s proprietary Membrane Electrode Assembly, or "MEA," technology for supplying Hyundai’s high-temperature fuel cell needs. Following its success, the two companies have entered into a Joint Development Agreement, or "JDA." "Under the agreement, Hyundai and Advent will work together to further develop HMC-Advent Ion Pair(TM) MEA, establish commercial criteria for MEA supply, and evaluate Advent’s advanced fuel cell technology for Hyundai’s heavy-duty and/or stationary application. Additionally, the parties will introduce advanced cooling technologies for mobility High-Temperature Proton Exchange Membrane fuel cell stacks. Advent will work closely as Hyundai evaluates these stack cooling technologies and ensure optimal performance under different operating conditions. This partnership builds upon a commitment from both companies to develop sustainable energy solutions for carbon-intensive applications," the companies stated.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on ADN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles