Advent Technologies Shares Higher After Agreement with Hyundai
06 Abril 2022 - 9:00AM
Noticias Dow Jones
By Michael Dabaie
Advent Technologies Holdings Inc. shares were up 23% premarket
Wednesday to $2.49 after the company said it is in a technology
assessment, sales and development agreement with Hyundai Motor
Co.
The fuel cell and hydrogen technology company said it and
Hyundai aim to deliver "green energy solutions to current high
carbon applications, using fuel cell technology."
Under the agreement, Hyundai will provide catalysts to Advent
for evaluation in its Membrane Electrode Assemblies, while Advent
plans to support Hyundai in fulfilling its fuel cell project needs,
the company said.
The new Advent MEAs to be tested by Hyundai are currently being
developed within the framework of L'Innovator, Advent's joint
development program with the U.S. Department of Energy's Los Alamos
National Laboratory, Brookhaven National Laboratory, and National
Renewable Energy Laboratory. "MEAs are the most important
components of a fuel cell as they greatly define the performance,
lifetime, weight, and cost of the end system," Advent said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 06, 2022 09:45 ET (13:45 GMT)
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