It is part of Advent Technologies’ €64 million Transition Plan for Fair Development (SDP) investment plan in Kozani, which envisaged “the design, development of innovative hydrogen fuel cell and electrolytic systems, as well as the creation of 650 jobs”.
As EY’s Transition Commander for Just Development, Mr. Pelopidas Kalliris de Kozani, told APE-MPE, the company’s process was “evaluated by the Special Service for Just Transition and found to be insufficient across the board.” We have requested additional information several times, received it, examined it and based on what is provided for in the state aid and the management and control plan, the problem was proven and the specific project could not be included”. Mr. Kalliris stated that “there was an objection from the company that will be analyzed.”
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On the question of whether there is a problem with the subsidiary company or the US-based parent company, Mr Kalliris said: “In this case, the parent company and the related companies were examined. The check that is done is comprehensive, so the result is comprehensive and does not concern just one company,” he concluded.
We remind you that on August 20th, Advent Technologies sent to EYDAM (Special Service for Just Transition of Development) the updated figures for the 2023 and first half of 2024 financial statements as published at the company’s headquarters in California, USA, and as required by US law, since the specific technology company is listed on Nasdaq.
Advent’s Green HiPo belongs to the “IPCEI Hy2Tech” Projects of Common European Interest, approved by the European Commission in July 2022, to “support research, innovation and early industrial development in the hydrogen value chain”.