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Advent Technologies
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About Advent Technologies

Company Overview

Name

Advent Technologies Holdings, Inc.

Headquarters

Kozani, Greece

Founded

2006

Size

Approximately 30 employees (source: advent.energy). Revenue figures for 2023 are not specified in available data.

What They Do

Advent Technologies specializes in high-temperature proton exchange membrane (HT-PEM) fuel cell technology, which is pivotal for various applications across multiple sectors. Their product offerings include fuel cell stacks designed for system integrators and original equipment manufacturers (OEMs), featuring proprietary membrane electrode assemblies (MEAs) that ensure high durability and scalable power output. Additionally, Advent develops complete fuel cell systems such as the Serene and Honey Badger, which cater to backup power and portable applications respectively. The company also focuses on electrolyzers at megawatt (MW) scale, enhancing power density and lifespan while supporting renewable energy integration and grid stabilization (source: dcfmodeling.com).

Projects & Track Record

Advent Technologies has successfully completed over 38 EU- and nationally sponsored projects in Greece, securing more than €12 million in funding to advance the development of fuel cell materials and components. Notably, the Green HiPo IPCEI project, based in Kozani, aims to manufacture HT-PEM fuel cells and electrolyzers, backed by a €60 million budget that includes a €24 million grant from Greece's Just Transition Fund. This initiative is crucial for the region's transition from coal to green energy and aligns with Europe's ambitious renewable hydrogen targets. Furthermore, the RHyno project, which commenced in April 2025, focuses on establishing MW-scale manufacturing capabilities in Greece, supported by a €34.5 million grant from the EU Innovation Fund (source: ir.advent.energy).

Recent Developments

In September 2025, Advent Technologies made significant strides in the €34.5 million EU-funded RHyno project, submitting multiple deliverables to CINEA and entering the predesign phase with a master plan draft expected by the end of September 2025. Earlier in 2024, the company received a formal invitation from the Greek Ministry of Economy and Finance for a €24 million grant under the Green HiPo IPCEI project, facilitating documentation submission for their Kozani facility. The Q1 2023 earnings call, led by CEO Dr. Vasilis Gregoriou, discussed the company's financials and strategic outlook, although specific revenue figures were not disclosed (source: datainsightsmarket.com).

Working There

Advent Technologies offers a diverse range of roles, primarily in technical fields such as chemists and engineers, as well as business development and administrative positions. The company has been actively hiring, particularly in Massachusetts, with plans to double its staff following its SPAC merger. Current job openings include positions like Projects Assistant, indicating opportunities across various locations including their headquarters in Boston, Livermore, and several sites in Greece. The company culture emphasizes innovation and aggressive growth, driven by key personnel such as Dr. Vasilis Gregoriou and Dr. Emory De Castro, who are pivotal in shaping the company's strategic direction (source: advent.energy).

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