TECO 2030 launches hydrogen tanker concept with partners, Hy-Ekotank
(Lysaker, Norway, June 13th 2022) TECO 2030 launches hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank AB, Shell Shipping and Maritime, and DNV.
The hydrogen powered tanker will allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage. This pioneering concept could become a first mover in this maritime shipping segment and contribute to the developments of achieving the ambitious climate targets committed by the European Union. As part of the European Green Deal, the EU has committed to reducing GHG emissions by 55% by 2030, and a binding target of achieving climate neutrality by 2050. Under the ‘Fit for 55 package’ the EU is currently developing its climate, energy and transport-related legislation to align current laws with the 2030 and 2050 ambitions.
It is therefore a great and ever-increasing need for technological innovation in zero-emission solutions developed for maritime transport, in particular for retrofitting of existing ships. Switching from traditional petroleum-based marine fuels to zero-carbon alternatives such as hydrogen can drastically shrink shipping’s climate impact.
“We are pleased to contribute with our high-quality and energy-efficient vessels towards the development of zero-emission technologies to meet environmental demands and regulations. We are delighted with how suitable our vessels fit into the concept of Hy-Ekotank which is aligned perfectly with our Company’s environmental strategy,” says Jörgen Johnsson, CEO Ektank AB.
“We’re working with our customers and across sectors to accelerate the transition to Net-Zero Emissions. We will contribute to a Net-Zero world, where society stops adding to the total amount of greenhouse gas emissions in the atmosphere. That’s why we’ve set a target to become a Net-Zero Emissions energy business by 2050. We’re partnering with customers, businesses, and others to address emissions. This pioneering fuel cell concept will reduce carbon emissions in the maritime sector. We’ll continue to drive innovation to provide the cleaner energy that our customers need.” says Stephen Brown, Technology Manager, Shell Shipping and Maritime.
“We are humble to work on Hy-Ekotank with Ektank, Shell and DNV, as we believe these partners are a perfect match. With a cargo owner, shipowner, classification society, and a fuel cell provider, we will show the world what hydrogen is capable of doing for the maritime shipping industry. Remember it is all about eliminating emissions, and increasing value-adding activities,” says Tore Enger, Group CEO, TECO 2030.
Tore EngerCEOTel:+47 920 83 email@example.com
About TECO 2030 ASA
TECO 2030 accelerates 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 lanserer hydrogen tankbåtkonsept med partnere, Hy-Ekotank13.6.2022 13:00:00 CEST | Pressemelding
(Lysaker, Norge, 13. juni 2022) TECO 2030 lanserer hydrogendrevet tankbåtkonsept, Hy-Ekotank, sammen med partnere Ektank AB, Shell Shipping and Maritime, og DNV.
TECO 2030 ASA commences trading on the OTCQX Market7.6.2022 13:02:00 CEST | Press release
(Lysaker, Norway / New York, USA, June 7th 2022) TECO 2030 (OTCQX: TECFF, OSE: TECO) has today been upgraded from the OTCQB Venture Market to OTCQX. Today marks the first day of trading on the OTCQX. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors.
TECO2030 receives BWTS order13.4.2022 10:05:46 CEST | Press release
(Lysaker, Norway, April 13th, 2022): TECO2030 ASA (OSE: TECO) has received an order for 1 TECO2030 Ballast Water Treatment System (BWTS) from Avangard Shipyards, for the ship AVANGARD II, worth approximately NOK 1 million.
TECO2030 signs agreement with Narvik Hydrogen AS to cooperate on developing a hydrogen value chain31.3.2022 14:10:00 CEST | Press release
(Narvik, Norway, March 31st 2022) TECO2030 has signed a letter of intent with Norwegian energy company Narvik Hydrogen to cooperate on relevant projects with the aim of developing a complete hydrogen value chain.
TECO2030 Fuel Cell Update March 202213.3.2022 08:30:00 CET | Press release
(Lysaker, Norway, March 13th 2022) TECO2030 ASA (OSE: TECO) has decided to publish an operational update about the developments of our Marine Fuel Cells. Through 2021 we saw great progress in both the technology and production developments and reached several milestones.
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