TECO 2030, Shell and partners have started the EUR 5 million project HyEkoTank
The project has started February 1st and is planned to last for 3 years, with the ultimate goal of eliminating emissions during voyage and in port. TECO 2030 aims to retrofit six 400 kW Fuel Cell Modules in a container solution, and demonstrate power supply for both propulsion and auxiliary loads using hydrogen with zero emissions as fuel.
“I am excited to see the support from the European Union and Shell in realizing a retrofit project with the goal of demonstrating zero emission voyage and port operations. This is one of the largest marine fuel cell projects in the world that I am aware of, and we will do our best to prove that fuel cells are the name of the game in decarbonizing heavy-duty marine applications.” says Tore Enger, Group CEO TECO 2030.
"Shell is proud to be a part of this fuel cell project, which aims to demonstrate the viability of hydrogen as a zero-carbon fuel for the maritime sector. Our target is to be a net-zero emissions energy business by 2050 and to accelerate this transition we are partnering with customers and businesses from across the sectors. Shell will purchase the fuel cell system and provide the renewable hydrogen to power this pioneering project as we continue to drive innovation to deliver the cleaner energy solutions that our customers need," says Carl Henrickson, General Manager Technology, Innovation & Digitalisation, Shell Shipping and Maritime.
Tore EngerCEOTel:+47 920 83 email@example.com
About TECO 2030 ASA
Lysaker Torg 45
+47 672 00 300http://www.teco2030.no
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 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.
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Latest releases from TECO 2030 ASA
TECO 2030 unlocks NOK 50 million grant from Innovation Norway17.3.2023 07:05:00 CET | Press release
(Lysaker, Norway, March 17th 2023) TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) unlocks the NOK 50 million granted by Innovation Norway, the grant was given to TECO 2030 in October 2021. TECO 2030 had a prerequisite to release the funds, and this prerequisite has now been achieved.
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.
TECO 2030 completes first FCM400’s component procurement10.1.2023 07:00:00 CET | Press release
(Lysaker, Norway, January 10th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has completed selection of all major component suppliers and procured necessary parts for the first fuel cell modules (FCM400). This means the FCM400 development is close to completion and the first units are ready for assembly.
TECO 2030 with consortium finalizes agreement for EUR 5 million in HyEkoTank project21.12.2022 07:00:00 CET | Press release
(Lysaker, Norway, December 21st 2022): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) is pleased to announce that the Grant Agreement has been signed by the European Union. The grant consists of EUR 5 million in grants under the funding scheme HORIZON EUROPE. The project is planned to start in February 2023.
TECO 2030 signerer kontrakt for produksjonsutstyr til brenselceller20.12.2022 07:00:00 CET | Pressemelding
(Lysaker, Norge, 20. desember 2022): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) signerer kontrakt med thyssenkrupp Automation Engineering GmbH for levering av den første komplette produksjonslinjen for brenselcellestacks ved TECO 2030 Innovation Center i Narvik, Norge.
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