TECO 2030 and AVL Successfully Complete Feasibility Study on Industrializing Heavy-Duty Truck Systems

The feasibility study was pushed out in time, due to the broader investigation scope regarding product development of an automotive fuel cell system and how it can be industrialized at our existing production facility in Narvik. The results from the feasibility study proved that system performance targets could be met or exceeded while using existing TECO 2030 infrastructure in Narvik and our marine fuel cell technology.
Through the study, the parties have investigated how the same fuel cell system packaging can be universally integrated to fit into both an EU 40 ton- and US class 8 heavy duty truck. Our design investigations, complemented by a performance simulation study revealed that we could industrialize a range of automotive fuel cell systems ranging from 280 to 320kW, by utilizing the existing FCM400 supply chain, 100kW marine stack technology and reach large production volumes faster with the existing production infrastructure in Narvik.
TECO 2030 will deliver 4 x 100kW fuel cell stacks to the ‘AVL Fuel Cell DemoTruck’ project towards the end of 2023. The goal of this project is to validate the stack technology together with AVL’s HyTruck prototype fuel cell module for heavy-duty trucks.
“It is with great pleasure that we complete the feasibility study with AVL, the results represent a significant business opportunity that we would like to be a part of. We are in dialogue with potential investors and off-takers for such a business case, the dialogues are ongoing with OEM’s, Tier 1 suppliers, and other institutional investors, and we are open to discuss the venture with other interested parties as well” says Tore Enger, Group CEO, TECO 2030. “The business case for this venture holds enormous potential, given that there are millions of heavy-duty trucks worldwide that could be retrofitted with our zero-emission fuel cell system,” Mr. Enger concludes.
“We see increasing traction in the adoption of fuel cell technology, in particular in the heavy-duty truck segment. With this project, we want to support one of our customers in bringing vehicles early to the market with a performance and drivability not seen before with fuel cells," says Juergen Rechberger, Vice President Hydrogen & Fuel Cell, AVL List GmbH.
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Contacts
Tore EngerCEO
Tel:+47 920 83 800tore.enger@teco2030.noImages


About TECO 2030 ASA
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 up to 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.
TECO 2030 Striving for an emission-free ocean space YouTube video.
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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.
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