Advent Technologies signs strategic JDA with Siemens Energy

Advent Technologies (ADN) announces that its wholly owned subsidiary, Advent Technologies A/S, has signed a Joint Development Agreement, JDA, with Siemens Energy (SMNEY). The newly signed JDA outlines the collaboration between Advent and Siemens Energy, combining Advent’s HT-PEM fuel cell 50kW modules utilizing its innovative Ion-Pair membrane electrode assembly technology with Siemens Energy’s electrification and automation solutions for hybrid and electric vessels. The goal is to develop an integrated 500kW High-Temperature Proton Exchange Membrane fuel cell solution for maritime applications and then evaluate to scale down/up the system to fit with market requirements from motor and Giga Yachts to ferries and container/commercial ships.