Advent Technologies, the European CINEA sign EUR 34.5M grant agreement

Advent Technologies (ADN) announces that the European Climate, Infrastructure and Environment Executive Agency, CINEA, and Advent’s wholly owned Greek subsidiary, Advanced Energy Technologies S.A. have each signed the grant agreement for the Company’s monumental RHyno Project. This EU Innovation Fund grant will provide Advent with EUR 34,534,318 in non-dilutive funding over the lifetime of the project, with funding to be received incrementally contingent upon completion of certain performance milestones.