Advent Investor Presentation Deck

● ● ● ● COMBINED HEAT & POWER: GREEN HiPo Advent Technologies Projects Green HiPo approved by Greek Government and submitted to the European Union to establish manufacturing capacity for 4.65GW Green Hydrogen Electrolyzers & 400MW Fuel Cells The Green HiPo project concerns the development, design, and manufacturing of HT-PEM fuel cells for the production of heat and power. It is a complementary project to White Dragon and will produce the fuel cells that will power White Dragon's green energy plan. The project will contribute to the economic development of the region by providing approximately 1,400 jobs in innovative sustainable technology. The facility will initially manufacture fuel cells of 15kW/units, gradually reaching 120kW, and then 1MW scale single units before finally becoming a multi-MW platform. ADVENT Why Advent's Fuel Cells Advent's HT-PEM fuel cells are well-suited for heat and power applications: ● ● They operate at the 160-200°C range and can produce quality heat, in addition to electricity. Combined efficiency of fuel cells to 85 percent. They operate with natural gas, a natural gas-hydrogen blend, and eventually with green hydrogen. GREEN HiPo Duration Project Size 2022-2029 (first phase) Scope: Manufacturing of Fuel Cells & Electrolyzers Northern Greece to support White Dragon project Fuel Cell Capacity: 400MW Electrolyzer Capacity: 4.65 GW (to be installed by Advent in the 7-year timeframe) Any Fuel. Anywhere. 18

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