TECO 2030 sells its first Future Funnel - BREAKTHROUGH

(Lysaker, Norway, December 19th, 2022) TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has received a purchase order for a future funnel from an undisclosed large European shipowner. The contract value is approx. NOK 5.5 million with an estimated delivery at the end of Q1, beginning of Q2 2023.

The project will be handled by TECO 2030’s team at Lysaker, and engineering service company BLOM Maritime, a TECO Maritime Group company. The future funnel is a TECO 2030 Model 8 and is one of the towers TECO 2030 already has in stock.

“It is with great pleasure; I can announce the first future funnel contract for TECO 2030. This is a proud moment for the team, as I know how dedicated they have been to get this first purchase order. I am confident that this will spark the second wave for scrubbers as the fuel price gap is stabilizing again after almost 3 years with a global pandemic and 3 years since the introduction of the global sulphur cap implemented by the IMO,” says an enthusiastic Tore Enger, Group CEO, TECO 2030.

The TECO 2030 Future Funnel is a next-generation marine emission-reduction system, developed to comply with not only existing but even upcoming and far stricter regulations in the marine industry. The Future Funnel will allow ships to reduce sulphur oxides, nitrogen oxides, black carbon, and particulate matter emissions. The TECO 2030 Future Funnel has been developed by TECO 2030 in cooperation with the Austrian powertrain company AVL. The Future Funnel has been through state-of-the-art testing simulation with over 20 years of running time in extreme conditions.

To view this video from www.youtube.com, please give your consent at the top of this page.TECO 2030 Future Funnel





About TECO 2030 ASA

Lysaker Torg 45
1366 Lysaker

+47 672 00 300http://www.teco2030.no

About TECO 2030:

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 the ticker 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 signs an MOU with an undisclosed party for up to 50MW of hydrogen engines23.3.2023 07:00:00 CET | Press release

(Lysaker, Norway, March 23rd 2023) TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has signed an MOU with an undisclosed party for cooperation on several fuel cell projects which in total could represent 50MW of fuel cell output. The projects represent marine fuel cells- and on-shore stationary fuel cell systems in megawatt scale. The MOU outlines a 3-year cooperation commitment to successfully execute the project objectives.

BREAKING NEWS – TECO 2030 and AVL signs contract for Heavy Duty Truck feasibility study10.2.2023 07:00:00 CET | Press release

(Long Beach, California, February 10th 2022): TECO 2030 ASA (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and AVL List sign contract for feasibility study of developing and industrializing a Fuel Cell System for heavy-duty (HD) trucks. The feasibility study starts immediately and is expected to be completed in 2 months. After successful completion, TECO 2030 plans to industrialize this Heavy Duty Fuel Cell System and manufacture them at the Innovation Center and gigafactory in Narvik, Norway.

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