US firm Advent Technologies Holdings introduced on September 7 that its two EU-backed White Dragon and Green HiPo tasks in Greece have been authorized by a joint determination by Greece’s Development and Investments Minister Adonis Georgiadis, and Environment, Energy, and Climate Change Minister Kostas Skrekas.
An Important Project of Common European Interest (IPCEI), the White Dragon goals to switch the coal-fired energy crops throughout the area of Western Macedonia and transition to scrub vitality manufacturing and transmission, with the final word aim of absolutely decarbonizing Greece’s vitality system. The venture plans to make use of large-scale renewable electrical energy to provide inexperienced hydrogen by electrolysis within the area.
Also an IPCEI venture, the Green HiPo issues the event, design, and manufacturing of HT-PEM gasoline cells for the manufacturing of warmth and energy.
The White Dragon and Green HiPo tasks, every of which prominently options Advent’s modern gasoline cell know-how, have been amongst 5 tasks, out of 20 submitted, that acquired approval and have been chosen after analysis by a particular Interministerial Committee of Experts, Advent mentioned in a press launch.
Advent Chairman and CEO Vasilis Gregoriou mentioned. “We are thrilled with this news that the White Dragon and Green HiPo projects have been approved by the Greek government in the first wave of the IPCEI projects. This decision demonstrates the commitment by Greece and the EU to rapidly decarbonize power production,” he added.
The scope of the packages, as submitted by Advent and the White Dragon consortium of firms, is about to switch Greece’s largest coal-fired crops, with renewable photo voltaic vitality parks, which shall be supported by inexperienced hydrogen manufacturing (4.65GW), and gasoline cell warmth and energy manufacturing (400MW). The tasks are a part of the “Hydrogen Technologies” IPCEI and can now move in the direction of approval at EU stage.
As a subsequent step, Advent mentioned it’ll display earlier than the European Commission (DG Competition) the financial, environmental, monetary, social, technical feasibility of the venture and the optimistic spillover results to the European economic system and society. Upon profitable evaluation, Advent will obtain a remaining notification from the European Commission.