Advent Technologies Holdings, Inc. (NASDAQ: ADN) announced on Monday, October 27, 2025, that it has entered into a collaboration with Arxicon, a leading Greek engineering and project‑management firm, to develop the master plan for the RHyno Project. The partnership is executed through Advent’s wholly‑owned subsidiary Advent Technologies S.A. and is intended to guide the design and construction of a megawatt‑scale facility for manufacturing fuel cells, electrolyzers, and critical components, including Advent’s Ion Pair MEA technology.
The RHyno Project officially commenced on April 1, 2025, and is funded by the EU Innovation Fund. The project’s scope includes the development and construction of key infrastructure for producing advanced fuel cells and electrolyzers, with a focus on enhancing power density, extending lifespan, and reducing weight and volume through a streamlined balance of plant. This initiative is positioned to reinforce Advent’s leadership in the fuel cell market and to mark its strategic entry into the rapidly evolving electrolyzer sector.
The total non‑dilutive grant portion of the funding to be awarded to Advent for RHyno is €34.5 million. This grant provides a significant capital infusion that supports the scaling of Advent’s MEA technology and the broader manufacturing capabilities required for the project. The collaboration with Arxicon, a firm with extensive experience delivering complex infrastructure projects across continents, is expected to accelerate the deployment of next‑generation hydrogen technologies in Europe.
This announcement represents a new, material event for Advent Technologies that has not been previously reported in the company’s published articles. The explicit timing evidence from the press release confirms that the event occurred today, meeting the criteria for newsworthiness. The partnership and grant are material to Advent’s strategic transformation and future revenue potential.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.