On January 18, 2022, Advent announced that, within the framework of its long-lasting collaboration with Globe, it is upgrading various sites for Globe in the Philippines with 10kW SereneU fuel cell systems, enabling Globe to reach its ambitious targets for reduced CO2 emissions. By deploying Advent's SereneU fuel cells, Globe aims to reduce carbon emissions across its network, consume cleaner fuel in smaller quantities, achieve lower emissions, and maintain energy-efficient heat removal. Advent's SereneU fuel cells produce fewer emissions than traditional generator sets, and operate almost silently, thereby providing a system with a low footprint to surrounding areas and communities. Depending on the fuels used, the systems can become close to CO2 neutral, as well as being easier to store and transport. Advent's SereneU systems also have higher temperature and environmental conditions tolerance, ensuring uninterrupted back-up power and stronger resilience against extreme environments such as typhoons, monsoon rains, and even long dry seasons. By using fuel cells in its green transition, Globe complies not only with regulations and its own ambitions for best environmental practices but also secures several competitive advantages. Globe's commitment to establishing science-based targets and net-zero emissions by 2050 is in line with the Paris Agreement and #RacetoZero. The Paris Agreement aims to limit global warming to 1.5 degrees Celsius compared to pre-industrial levels. #RacetoZero is the UN-backed global campaign rallying non-state stakeholders to take rigorous and immediate action to halve global emissions by 2030 and deliver a net zero-carbon emitting world by 2050.
All of Globe's initiatives in the green transition reflect its commitment to the UN's Sustainable Development Goals (SDG), including SDG 12 "Sustainable Consumption and Production", which relates to achieving economic growth and sustainable development by urgently reducing the ecological footprint. Memorandum of Understanding ("MoU") with Electric Ship Facilities B.V. ("ESF"): On February 23, 2022, Advent announced the signing of a MoU with ESF, a Dutch based business with over 15 years of experience in electric and hybrid propulsion systems and energy systems for recreational and commercial purposes. Under the agreement, ESF commits to becoming a future distributor of Advent's SereneU fuel cell products, further strengthening its portfolio of innovative CO2 reducing technologies. ESF offers demonstrations and components, helping its customers significantly reduce emissions and achieve energy efficiency. This new collaboration will enable Advent to facilitate trial processes and fuel cell configurations for both land-based and maritime applications, with the initial geographic focus being Benelux, Germany, Switzerland and Austria. Advent's SereneU fuel cells are currently being used for demonstrations within the framework of the Green Shipping Wadden Sea Program, an initiative coordinated by FME (a Dutch association of
enterprises in the industrial sector), having ESF as one of its founding companies. The Green Shipping Wadden Sea Program aims to accelerate innovations in the field of CO2-neutral and fossil-free shipping for the Wadden Sea fleet, as well as to develop the associated port facilities and infrastructure, and to secure governmental pathways promoting the transition towards innovative CO2 reducing technologies.