Advent Technologies announced a collaboration with Hyundai Motor Company, under which Advent and Hyundai will work together to assess applications of Advent’s proprietary technology in supplying Hyundai’s high-temperature fuel cell needs.
More specifically, Hyundai’s Executive Director, Dr. Jong Kook Lee, traveled to Advent’s headquarters to participate in an in-person ceremonial signing of the agreement with Advent’s Chairman and Chief Executive Officer, Dr. Vasilis Gregoriou. This ceremonial signing marked the first such event in which Advent has partaken with Hyundai.
Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer said, “We are excited to work with Hyundai as they pursue a decarbonization strategy involving high-temperature fuel cells. Bringing green energy solutions to carbon-intensive applications is imperative for achieving climate goals, a fact that both Advent and Hyundai understand. We recognize the importance of this agreement by choosing to begin this cooperative relationship with an in-person, ceremonial signing ritual and underscore the close relationship that the companies plan to share over the course of the agreement, with the goal of advancing high-temperature fuel cell development.”
Dr. Jong Kook Lee, Hyundai’s Executive Director said, “Hyundai is delighted to take these steps with Advent to develop best in class high-temperature fuel cells. We look forward to working with Advent through this testing and development phase in the hope that it will unlock a key step for more widespread adoption of fuel cell technology in high-temperature applications. With this agreement, Hyundai takes an important step forward with a new partner and leader in the HT-PEM space.”