TECO 2030 to Webcast Live at VirtualInvestorConferences.com April 13th
Lysaker, Norway, April 11th, 2023-TECO 2030(OTCQX: TECFFOSE: TECO), based in Norway, focused on fuel cell technology for maritime and heavy-duty applications, today announced that Tore Enger, Group CEO, will present live at the Technology Investor Forum, hosted by VirtualInvestorConferences.com, onApril 13th, 2023.
DATE: April 13th, 2023
TIME: 11:30 - 12:00 PM ET
REGISTER:https://tinyurl.com/2s3mtpb3
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
Some key financial highlights:
- Primary listed on Euronext Growth at Oslo Stock Exchange since October 2020. Secondary listings in Germany and on OTCQX in New York.
- Raised approx. MEUR 28,- in equity, approx. MEUR 8,- in convertible bond and been granted approx. MEUR 17.5,- from Innovation Norway, Horizon Europe, ENOVA among others.
- Outstanding quotes represent approx. EUR 500 million.
- Approx. 20% of shareholders represent German Retail Investors, TECO Group holds approx. 30%, SunHydrogen (strategic investor) holds approx. 8% and family offices hold approx. 12%.
- Expected EBITDA positive in 2024.
Some key operational highlights:
- First fuel cell stack has been produced and launched, AVL test lab office, Vancouver, December 2022. More units are under construction.
- Building Europe’s first Gigafactory for production of 400kW Fuel Cell Modules, production goals of 400MW in 2025 increasing to 1GW in 2028.
- Start of manual production mid-Q2 2023.
- Production equipment contracted with thyssenkrupp Automation Engineering GmbH. Commissioning expected H1 2024.
- Core team at Gigafactory already onboard built on previous experience from REC Solar’s activities in the same building from 2008-2012.
- Unique Fuel Cell IP and industrial development processes deployed together with AVL List GmbH.
- A Standard fuel cell module which can be utilized for heavy duty applications such as ships, ferry’s, construction sites, mining, data centers among others.
- Pilot container in operation during Q4 2023 for Implenia Norway, a subsidiary of Implenia AG.
- HyEkoTank project co-funded by Horizon Europe and Shell with MEUR 10,-. Fuel Cell retrofit installation on product tanker in 2024.
- Currently completing a feasibility study together with AVL for potentially industrializing a heavy-duty truck FC module which utilizes TECO 2030 100kW stacks.
Keywords
Contacts
Tore EngerCEO
Tel:+47 920 83 800tore.enger@teco2030.noImages
Links
About TECO 2030 ASA
TECO 2030 is building up Europe's first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik, Norway. The production capacity will be built up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.
TECO 2030 is a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York, OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
Subscribe to releases from TECO 2030 ASA
Subscribe to all the latest releases from TECO 2030 ASA by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from TECO 2030 ASA
Åpent brev til Næringsdepartementet – 27. September 202427.9.2024 07:00:00 CEST | Pressemelding
Kjære Næringsminister Cecilie Myrseth, og relevante mottakere, Med referanse til gårsdagens pressemelding fra TECO 2030, har vi annonsert en strategiendring som innebærer at selskapet vil starte å se etter vekstmuligheter utenfor Norges grenser.
TECO 2030 kunngjør strategisk skifte til global leverandør av brenselcelleteknologi26.9.2024 07:00:00 CEST | Pressemelding
(Lysaker, Norge, 26. september 2024) – TECO 2030 er begeistret over å kunngjøre et strategisk skifte fra å produsere brenselceller i Norge i dag til å posisjonere seg som en global teknologileverandør. Ved å tilby lisensavtaler til internasjonale partnere er TECO 2030 klar til å akselerere den globale adopsjonen av sin brenselcelleteknologi for tungtransport. Dette skiftet gjør det mulig for selskapet å fokusere på sin kjernekompetanse for å låse opp nye vekstmuligheter internasjonalt. Produksjonen av stacker kan fortsatt finne sted i Norge.
TECO 2030 Announces Strategic Shift to Global Fuel Cell Technology Provider26.9.2024 07:00:00 CEST | Press release
(Lysaker, Norway, September 26th, 2024) – TECO 2030 is excited to announce a strategic shift from manufacturing fuel cells in Norway at present, to positioning itself as a global technology provider. By offering licensing agreements to international partners, TECO 2030 is poised to accelerate the global adoption of its fuel cell technology in heavy-duty applications. This shift allows the company to focus on its core technology to unlock new international growth opportunities. Stack production might still take place in Norway.
Samskip joins TECO 2030’s Horizon Europe project “HyEkoTank”30.8.2024 07:00:00 CEST | Press release
(Lysaker, Norway, August 30th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and the HyEkoTank consortium are proud to announce that Samskip has been formally approved by the EU as partner in the HyEkoTank project. The consortium also announces that the vessel to be retrofitted with their zero-emission technology will be Samskip’s MPP vessel Kvitnos. Samskip Kvitnos, built in 2015, is a cargo ship which operates in a fixed route on a weekly multipurpose service from Rotterdam, along the Norwegian west coast, all the way north to Hammerfest.
TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel14.6.2024 07:00:00 CEST | Press release
(Lysaker, Norway, June 14th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and hydrogen fuel.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom