TECO 2030 has received funding for developing the high-speed vessel of the future
(Lysaker, Norway, July 4th 2022) TECO 2030 ASA (OSE: TECO) leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The consortium will receive up to 5 million NOK in funding support. The vessel will combine the class-leading fuel cell systems from TECO 2030 and energy-efficient catamaran design with SES technology from Umoe Mandal. The vessel will have the capacity to transport 200-300 passengers at speeds above 35 knots while sailing over long distances.
In the project “High-speed vessel of the future”, the county municipalities of Finnmark, Nordland, Trøndelag and Vestland aims to develop groundbreaking technology in several areas. One of the technology segments is to develop, build and demonstrate the world's first hydrogen-powered high-speed vessel. The consortium of TECO 2030, BLOM Maritime and Umoe Mandal is one of three qualified consortiums.
“We are humble and proud to be qualified for developing the high-speed vessel of the future, powered by hydrogen and TECO 2030 Fuel Cells. This proves our ability to lead advanced vessel developments and design either it is retrofit or newbuilds through our maritime expertise,” says Tore Enger, Group CEO, TECO 2030.
"Umoe Mandal has over 30 years of experience in delivering light-weight and energy-efficient vessels, based on the SES (Surface Effect Ship) Technology. . This includes the world’s fastest combat ship, the Skjold class corvette, and the Wavecraft CTV series for the offshore wind market. We are excited for this opportunity to develop and approve a hydrogen-powered zero-emission version of our vessels” says Tom Harald Svennevig, CEO, Umoe Mandal.
The contract contains two phases, where the consortia in 2022 and 2023 will first develop and get their solutions approved. In the next phase, one supplier will be chosen to build and demonstrate the newly developed vessel. The vessel will be in pilot operation from 2025.
“By introducing hydrogen as an energy carrier for high-speed vessels, we can create the uncompromising high-speed vessel that can replace all current high-speed vessels in Norway,” says the county mayor in Nordland, Tomas Norvoll.
Tore EngerCEOTel:+47 920 83 email@example.com
About TECO 2030 ASA
TECO2030 accelerates the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO2030 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. TECO2030 was founded in 2019 and is headquartered at Lysaker, Norway. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 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
TECO2030 receives BWTS order15.8.2022 07:30:00 CEST | Press release
(Lysaker, Norway, August 15th, 2022): TECO 2030 ASA (OTCQX: TECFF, OSE: TECO) has received an order for 1 TECO 2030 Ballast Water Treatment System (BWTS) powered by BIO-SEA from CMI Ship Management, for the ship M/V Ocean Diamond, worth approximately NOK 910 000.
The market for HyTruck concept8.8.2022 14:36:09 CEST | Press release
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TECO2030 og AVL signerer avtale for tettere samarbeid2.8.2022 07:30:00 CEST | Pressemelding
(Lysaker, Norge, 2. August 2022) TECO 2030 (OSE: TECO) og AVL List GmbH har signert en samarbeidsavtale der TECO2030’s brenselceller vil bli brukt i AVL’s DemoTruck som drives av HyTruck Brenselcellesystem.
TECO2030 and AVL sign agreement for closer cooperation2.8.2022 07:30:00 CEST | Press release
(Lysaker, Norway, August 2nd 2022) TECO2030 (OSE: TECO) and AVL List GmbH have signed a collaboration agreement where TECO2030s fuel cell stacks will be deployed in AVL’s DemoTruck which is powered by the HyTruck Fuel Cell System.
TECO 2030 har mottatt støtte for å utvikle fremtidens høyhastighetsfartøy4.7.2022 07:00:00 CEST | Pressemelding
(Lysaker, Norge, 4. juli 2022) TECO 2030 ASA (OSE: TECO) leder et konsortium med partnerne Umoe Mandal og BLOM Maritime for å utvikle et hydrogendrevet høyhastighetsfartøy med null utslipp. Konsortiet vil motta inntil 5 millioner kroner i støtte. Fartøyet vil kombinere de klasseledende brenselcellesystemene fra TECO 2030 og energieffektiv katamarandesign med SES-teknologi fra Umoe Mandal. Fartøyet vil ha kapasitet til å frakte 200-300 passasjerer i hastigheter over 35 knop mens det seiler over lengre strekninger.
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