Advent Technologies Secures €1.8M Frame Contract With Volta Energy For Supply Of Methanol-Powered Fuel Cell Units; Advent To Supply Methanol-Powered Fuel Cell Units To Volta In Product Offerings
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Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.
December 18, 2023 | 2:17 pm
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Advent Technologies has secured a significant contract with Volta Energy worth €1.8 million for the supply of methanol-powered fuel cell units, with deliveries commencing in January 2024.
The contract with Volta Energy is likely to have a positive impact on Advent Technologies' revenue and future growth prospects. The announcement of a new revenue stream, particularly in the clean energy sector, is typically viewed positively by investors. The fact that deliveries are scheduled to start in 2024 indicates a secured revenue source for that period, which can positively influence the stock price in the short term.
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