Advent Technologies, the Boston-based fuel cell and hydrogen tech firm, has entered into securities purchase agreements with investors to purchase 10m shares of common stock in a registered direct offering at a per share purchase price of $0.20, according to a news release.
The transaction, generating gross proceeds of $2m, is expected to close before the end of the year. Joseph Gunnar & Co. is acting as the exclusive placement agent for the offering.
Ethanol producer Marquis has sold a 100 million gallon per year facility in Wisconsin to United Cooperative.
US utility AES expects to generate $500m of EBITDA from its ownership of green hydrogen projects by 2030, based on 1,200 metric tons per day of hydrogen production plus related renewables and tax attributes.
A Midwest renewables developer has launched a $340m capital raise for a wind-to-hydrogen operation in the US heartland.
The Bay Area company is looking toward a Series C before an IPO in a couple of years.
Quantron, the German and US-based mobility solutions provider, is set to launch a capital raise that could entail the sale of up to 20% equity.
