Advent Technologies Launches Portable Clean Power Solution for Construction and EV Charging Applications
- The SereneP product line offers unparalleled flexibility, configurable to exact power needs ranging from 10kVA to 300kVA.
- SereneP combines a battery and a fuel cell, operating seamlessly on liquid green fuels like methanol, biomethanol, or eMethanol.
- The product line caters to a wide array of power applications, including construction sites, remote EV charging stations, microgrid support, critical infrastructure applications, events, and concerts.
- SereneP offers 80% CO2 emissions reduction with biomethanol and up to 100% reduction in CO2 emissions with eFuel use when compared to traditional fossil fuel power sources.
- The system's load-following capabilities ensure optimal fuel efficiency while dynamically adjusting power output to match specific load requirements, reducing operational costs and environmental impact.
- SereneP functions flawlessly in ambient temperatures ranging from -20°C to 50°C and relies on liquid green fuels for simple and cost-effective logistics.
- The product line addresses challenges associated with battery-only systems, diesel generators, and pure hydrogen systems, offering a cost-effective and environmentally friendly solution with significant carbon reductions.
- Advent has established a global network of fuel suppliers, guaranteeing its clients a steady methanol supply for SereneP.
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Insights
Advent Technologies Holdings, Inc.'s unveiling of the SereneP product line represents a strategic move in the renewable energy sector, specifically targeting the construction industry and EV charging market. The flexibility and environmental benefits of SereneP, with its capacity to operate on liquid green fuels, aligns with global initiatives to reduce carbon emissions and reliance on fossil fuels.
The introduction of SereneP could disrupt the traditional diesel generator market, offering a cleaner and potentially more cost-effective solution for off-grid power needs. This is particularly relevant given the regulatory shifts in markets like Denmark and the UK, where there is a clear trajectory towards emission-free construction sites. These regulations could significantly boost the demand for products like SereneP.
Furthermore, the Methanol Institute's projection of a substantial increase in renewable methanol production indicates a growing market for green fuels, which could lower operational costs for SereneP users and enhance its marketability. Advent's established network of fuel suppliers is a strategic advantage, ensuring a reliable supply chain for their clients.
The SereneP product line's emphasis on reducing CO2 emissions by up to 100% with eFuel use presents a compelling case for its adoption in light of stringent environmental policies and carbon budgets. The ability of SereneP to outperform battery-only systems in terms of net emissions is a critical factor for construction projects, especially in regions where the grid is still heavily reliant on fossil fuels.
The product's ruggedness and load-following capabilities suggest that it can offer reliable and efficient power across various conditions, potentially reducing the environmental impact of construction sites and contributing to the achievement of carbon reduction targets set by governments and international agreements.
From a financial perspective, Advent Technologies Holdings, Inc.'s focus on innovation in the hydrogen and fuel cell space may attract investor interest due to the growing market for sustainable energy solutions. The SereneP's competitive edge over diesel generators and pure hydrogen systems in terms of cost and logistics could translate into a strong market position and revenue growth.
Investors should monitor the adoption rate of SereneP post-launch, as well as the company's ability to maintain a competitive price point for its liquid green fuel supply. The potential cost savings and operational efficiencies provided by SereneP will be key factors in determining its financial success and impact on Advent's stock performance.
It is also important to consider the capital costs associated with the development and production of SereneP and whether the scale of demand will justify these investments. The company's sales strategy and partnerships, such as the one with Mission Hydrogen, could play a significant role in driving market penetration and revenue.
The Company is organizing an exclusive webinar in collaboration with Mission Hydrogen to introduce its new product line on February 7, 2024
(Photo: Business Wire)
Advent’s SereneP offers unparalleled flexibility, configurable to exact power needs ranging from 10kVA to 300kVA. It combines a battery and a fuel cell, and operates seamlessly on liquid green fuels like methanol, biomethanol, or eMethanol. SereneP can be readily mobilised to a diverse range of locations, ensuring power where it's needed the most.
- Construction sites, and EV charging station Applications: SereneP caters to a wide array of power applications, including construction sites, remote EV charging stations, microgrid support, critical infrastructure applications, events, and concerts, as well as providing reliable backup power for buildings and camps.
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Environmental Benefits: SereneP is the epitome of eco-friendly power generation, offering
80% CO2 emissions reduction with biomethanol and up to100% reduction in CO2 emissions with eFuel use when compared to traditional fossil fuel power sources. SereneP outperforms battery-only systems charged from the grid in many countries and regions in terms of net emissions. The system’s load-following capabilities ensure optimal fuel efficiency while dynamically adjusting power output to match specific load requirements, reducing operational costs and environmental impact. - Rugged and Reliable: Engineered to withstand diverse environments, SereneP functions flawlessly in ambient temperatures ranging from -20°C to 50°C. Its reliance on liquid green fuels ensures simple and cost-effective logistics.
- Competitive: Battery-only systems are not ideal for off-grid applications because they require continuous relocation to the grid or other power source for recharging. Diesel generators emit harmful emissions and noise, as well as representing substantial risk of fuel theft. Pure hydrogen systems incur substantial costs associated with fuel sourcing, storage, and transportation in off-grid locations. SereneP, in contrast, addresses all of these challenges by leveraging the advantages of liquid eFuels, offering a cost-effective and environmentally friendly solution with significant carbon reductions, and virtually unlimited capacity.
Unlike traditional grid charging, SereneP's fuel cell charges its batteries, enabling virtually limitless green power generation even during grid outages, dependent only on the availability of liquid green fuel. The Methanol Institute is tracking over 801 global projects focused on renewable methanol, projecting an annual output of eMethanol and Biomethanol in excess of eight million metric tons by 2027. In addition, Advent has established a global network of fuel suppliers, guaranteeing its clients a steady methanol supply for SereneP.
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Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, commented: “We are confident that SereneP is well-positioned to efficiently replace diesel generators in construction and other global applications. Recognizing a specific market need within the construction rental sector, where upcoming regulations are expected to prohibit diesel gensets, SereneP is ideally positioned as a valuable solution available today. We are currently engaged in discussions with industry-leading companies looking to phase out diesel, who view SereneP as the way forward. As a result, SereneP becomes an integral component of our sales strategy, allowing us to play a pivotal role in meeting the evolving demand for clean and highly portable power across construction and beyond."
In partnership with Mission Hydrogen, Advent is proud to host an exclusive webinar on February 7, 2024, focused on introducing SereneP. Secure your spot by registering for the event: https://event.webinarjam.com/register/846/34lyrhl3w. To explore specific models within Advent's cutting-edge SereneP product line, access our newly-published brochure by clicking here.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2023, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
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1 https://www.methanol.org/renewable/
2 https://www.constructionleadershipcouncil.co.uk/wp-content/uploads/2023/06/CLC-Press-Release-05-June-2023-Diesel-to-disappear-from-most-construction-sites-by-2035-under-new-plan.pdf
View source version on businesswire.com: https://www.businesswire.com/news/home/20231220674179/en/
Advent Technologies Holdings, Inc.
Michael Trontzos (Senior Marketing Manager) press@advent.energy
Source: Advent Technologies Inc.
FAQ
What is the new product line introduced by Advent Technologies Holdings, Inc. (NASDAQ: ADN)?
What are the key features of the SereneP product line?
What environmental benefits does SereneP offer?
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How does Advent guarantee a steady methanol supply for SereneP?
