Advent Technologies Holdings, Inc. announced a significant expansion order contract with a prominent fuel cell integrator operating in the Asian market. Under the terms of this agreement, Advent will provide its innovative eFuel-powered ("Serene") fuel cell stacks to be incorporated in power applications within the leisure sector in the region. The contract has a total initial value of $1.3 million.

Deliveries are expected to commence in September 2023, with the supply chain projected to remain active throughout 2024 in accord with the customer's specified timeline. The primary application of Advent's fuel cell stacks is to serve as sustainable prime and back-up power sources in small cabins, working in conjunction with batteries. The market for portable fuel cells, especially in the context of the leisure industry, is currently niche.

However, because of the requirement to reduce carbon and other particulate emissions, this up swing in demand can be attributed to the increasing need for compact and portable fuel cell systems that are tailored to various leisure-related applications. The utilization of Advent's Serene fuel cell stacks using liquid methanol as a hydrogen carrier fuel offers advantages in terms of transportation, logistics, and storage efficiency compared to gaseous hydrogen, thus enhancing operational safety. Advent's Serene fuel cells stand out with their small footprint, occupying only about a third of the space required by a typical diesel generator.

Beyond their environmental advantage in terms of reduced emissions, Serene fuel cells provide an uninterrupted power supply across diverse environmental conditions and geographical locations. Serene fuel cells operate seamlessly within ambient temperatures ranging from -20degC to +50degC and are designed to function efficiently even in humid and polluted air, showcasing exceptional adaptability.