TECO 2030 signs an MOU with an undisclosed party for up to 50MW of hydrogen engines
Fuel cells are hydrogen engines which generate electricity through a mechanism that doesn’t require combustion. This means they produce fewer pollutants than conventional, combustion-based power generation technologies. Fuel cells are also highly efficient, producing more power per unit of fuel. As a result, fuel cells offer an alternative to traditional power generation with significant health, reliability, and environmental benefits.
“I am thrilled to have signed this MOU with an undisclosed party. This shows the trust and confidence the party has in our fully scalable and modular fuel cell systems. I am looking forward to work with our client on these projects to cover their zero emission energy needs,” says Tore Enger, Group CEO, TECO 2030. “Both the marine and stationary applications for these projects are in megawatt size and will demonstrate the capabilities of the TECO 2030 fuel cell systems,” Enger concluded.
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Tore EngerCEO
Tel:+47 920 83 800tore.enger@teco2030.noImages
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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 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
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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