Everfuel to deliver green hydrogen to fuel cells developed by TECO 2030
As part of the agreement, the companies will develop solutions enabling Everfuel to distribute and deliver green hydrogen to sites where TECO 2030’s hydrogen fuel cell power generators are located, or to ships, vehicles or equipment with TECO 2030’s fuel cell technology installed.
TECO 2030 and Everfuel will focus particularly on exploring the possibility of providing decentralised power supply for off-grid construction projects in areas where Everfuel has available hydrogen capacity and infrastructure.
Will enable a switch away from diesel generators
The cooperation between the two companies will enable construction sites with no available grid connection to lower their climate footprint and reduce emissions by switching from diesel generators to zero-emission hydrogen fuel cell generators.
By doing so, they will be able to charge their electric diggers and other construction equipment emissions-free.
Diesel generators cause greenhouse gas emissions and pollution and are often used to produce electricity when there is no available connection to a power grid, such as at construction sites in areas with limited grid capacity.
The cooperation between TECO 2030 and Everfuel will also enable other projects that use equipment and machines that need electricity, and that are located in areas with insufficient grid capacity, to cut their emissions to zero.
Green hydrogen
“We are very excited about our new cooperation with Everfuel because it means that we will soon be able to offer our customers easy access to green hydrogen to fuel our fuel cells in areas that are difficult to decarbonise,” says Tore Enger, CEO of TECO 2030 ASA.
“Due to our new cooperation with Everfuel, many construction sites and other projects and activities that use diesel generators will now be able to reduce their climate footprint by switching to emissions-free fuel cell generators,” Enger says.
Green hydrogen is hydrogen produced with renewable energy such as electricity from hydropower plants, wind turbines and solar panels.
When applications or vehicles replace their traditional combustion engines running on fossil fuels with fuel cells fuelled by green hydrogen, they can become completely emissions-free.
Will open a huge market for hydrogen
“We are very excited to develop distribution and delivery solutions for users of the robust and high-capacity fuel cells delivered by TECO 2030. We believe it will open a huge market for hydrogen and introduce zero-emission solutions in hard-to-decarbonise segments,” says Jacob Krogsgaard, CEO of Everfuel AS.
TECO 2030 is developing hydrogen fuel cells that are specifically designed for use on ships or other heavy-duty applications. Hydrogen fuel cells are the engines of tomorrow and convert hydrogen into electricity while emitting nothing but water vapour and warm air.
TECO 2030 is also developing fuel cell generators that can replace diesel generators. The fuel cell generators will function much like a generator that is powered by diesel or other fossil fuels but will use hydrogen as fuel and will therefore be emissions-free.
For more information, please contact:
TECO 2030: Tore Enger, CEO of TECO 2030 ASA. +47 920 83 800, tore.enger@teco2030.no
Everfuel: Helge Skaarberg Holen, Business Development Manager Norway. +47 941 60 707, hh@everfuel.com.
About Everfuel
Everfuel is making green hydrogen for zero emission mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply- and fueling solutions. We own and operate green hydrogen infrastructure and partner with vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean fuel made from renewable energy and key to electrification of the transportation sector in Europe and a sustainable future. We are a young, ambitious company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, the Netherlands, Germany and Belgium, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
About TECO 2030
TECO 2030 aims to contribute to the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO 2030 is developing hydrogen fuel cells that enable ships and other heavy-duty applications to become emissions-free. The company is also developing other solutions that can help the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was founded in 2019 and is headquartered at Lysaker, Norway. The company is listed on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in the TECO Maritime Group, a group that has provided technology and repair services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
To view this video from www.youtube.com, please give your consent at the top of this page.Video interview with Tore Enger and Bettina Nowak about TECO 2030More videos
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Tore EngerChief Executive Officer (CEO) of TECO 2030 ASA
Tel:+4792083800tore.enger@teco2030.noImages
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About TECO 2030 ASA
TECO 2030 aims to contribute to the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO 2030 is developing hydrogen fuel cells that enable ships and other heavy-duty applications to become emissions-free. The company is also developing other solutions that can help the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was founded in 2019 and is headquartered at Lysaker, Norway. The company is listed on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in the TECO Maritime Group, a group that has provided technology and repair services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
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Latest releases from TECO 2030 ASA
TECO 2030 raises NOK 43 million and partners up with Advait Infratech Limited (Advait) in India16.4.2024 08:45:00 CEST | Press release
(Norway and India, April 16th 2024) TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Advait Infratech Limited (BOM: 543230) invests and partners up for fuel cell expansion in India and SAARC countries. Simultaneously, Advait injects approx. NOK 43 million (USD 4 million) through a private placement in TECO 2030 ASA at a price of NOK 2.00 per share.
TECO 2030 Receives AIP for Containerized Fuel Cell Power Generator8.4.2024 07:00:00 CEST | Press release
(Lysaker, Norway, April 8th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) has, in connection to the HyEkoTank project, received an Approval in Principe (AIP) from the Norwegian classification society DNV for a containerized fuel cell power generator (FCPG) for use onboard oceangoing applications.
TECO 2030 Receives AIP from DNV for Onboard Compressed Hydrogen Fuel Systems19.3.2024 07:00:00 CET | Press release
(Lysaker, Norway, March 19th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) is proud to announce that it has received an additional Approval in Principle (AiP) from DNV regarding compressed hydrogen fuel systems. This milestone achievement marks a significant step forward in the development of sustainable propulsion solutions for the maritime industry.
TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design29.2.2024 07:00:00 CET | Press release
(Lysaker, Norway, February 29th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Umoe Mandal successfully receives “approval of preliminary design” from the Norwegian Maritime Authority for a multimegawatt hydrogen fuel cell powered high-speed vessel design. The preliminary approval is a result of the application submitted earlier this month and is the first stage of the design and approval process for constructing a fuel cell powered vessel.
TECO 2030 and Yokogawa Take Partnership to the Next Stage with Delivery of One TECO Fuel Cell Stack28.2.2024 07:00:00 CET | Press release
(Lysaker, Norway, February 28th 2024): TECO 2030 (OSE: TECO, ISIN: NO0010887516) announces that for the next step in its partnership with Yokogawa, the global industrial automation company, it will be delivering a TECO fuel cell stack of 100kW to the Yokogawa global headquarters in Tokyo before the end of Q1 2024.
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