ADN - Advent reports fivefold increase in bookings and shipments of RFBs in Q1

Advent Technologies (ADN) reported that bookings and shipments of their materials for redox flow batteries in Q1'21 rose by 500% Y/Y.Dr. Emory DeCastro, Advent Technologies CTO:  “...Our tremendous year-over-year increase not only represents the start of new supply agreements, but it is also our most significant contribution into commercial redox flow battery systems to date. The ability to provide increasing quantities of customer-specific components also reinforces our strategy of using Advent manufacturing processes at third party production facilities.”

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Advent reports fivefold increase in bookings and shipments of RFBs in Q1