TECO 2030 ASA

TECO 2030 signs MoU with thyssenkrupp Automation Engineering for delivery of Fuel Cell production equipment in Narvik

Share

(Hamburg, Germany, September 8th 2022) TECO 2030 (OSE: TECO) and thyssenkrupp Automation Engineering GmbH have signed a Memorandum of Understanding (MoU) to supply the total PEM fuel cell production line to TECO 2030’s Innovation Center in Narvik, Norway.

TECO 2030 Innovation Center in Narvik, Norway. Credit: TECO 2030
TECO 2030 Innovation Center in Narvik, Norway. Credit: TECO 2030

TECO 2030 is well under way with the planning of the production line equipment in Narvik and is pleased to have signed a MoU with an industry leading supplier thyssenkrupp Automation Engineering.

The MoU is the collaboration platform for the delivery and installation of the fuel cell production line in TECO 2030’s Innovation Center in Narvik. All the equipment will be delivered from thyssenkrupp Automation Engineering and is intended to complete the first full production line including stack assembly, module assembly and test equipment. This first production line will be the first of several production lines at the TECO 2030 Innovation Center in Narvik and will contribute to creating many new jobs in the northern Norway region.

“I believe this MoU with thyssenkrupp Automation Engineering represents the beginning of a long-term and strong partnership. We are looking forward to moving on with the fuel cell production project in Narvik and are excited to team up with renowned supplier like thyssenkrupp Automation Engineering,” says Tore Enger, Group CEO, TECO 2030.

“We are really looking forward to work with TECO 2030 in realizing zero emission shipping and heavy industry, and their goal of establishing a complete PEM fuel cell production line in Narvik,” Michael Menneking, CEO of thyssenkrupp Automation Engineering.

Contacts

TECO 2030: Tore Enger, Group CEO of TECO 2030, +47 920 83 800, communications@teco2030.no

thyssenkrupp Automation Engineering: Michael Menneking, CEO of thyssenkrupp Automation Engineering GmbH, +49 421 6888 0, automation.engineering@thyssenkrupp.com

Images

TECO 2030 Innovation Center in Narvik, Norway. Credit: TECO 2030
TECO 2030 Innovation Center in Narvik, Norway. Credit: TECO 2030
Download
Picture text: Example of thyssenkrupp Automation Engineering fuel cell stack End of Line test station. Credit: thyssenkrupp
Picture text: Example of thyssenkrupp Automation Engineering fuel cell stack End of Line test station. Credit: thyssenkrupp
Download
Picture text: From left: TECO 2030 EVP Operations Tor-Erik Hoftun, Chairman Sigurd Lange, thyssenkrupp Automation Engineering CEO Michael Menneking, Head of Business Line Powertrain Stefan Brandt and Head of Fuel Cell Thomas Kuschel. Credit: TECO 2030
Picture text: From left: TECO 2030 EVP Operations Tor-Erik Hoftun, Chairman Sigurd Lange, thyssenkrupp Automation Engineering CEO Michael Menneking, Head of Business Line Powertrain Stefan Brandt and Head of Fuel Cell Thomas Kuschel. Credit: TECO 2030
Download

About TECO 2030 ASA

TECO 2030 ASA
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

 

About thyssenkrupp Automation Engineering:

thyssenkrupp Automation Engineering is an internationally operating business unit of the Multi Tracks segment of thyssenkrupp AG. The company bundles all activities in the field of powertrain, fuel cell and battery assembly including test with a major focus on the transformation towards electro mobility. More than 1.400 employees work in ten countries worldwide. For more information, please visit www.thyssenkrupp-automation-engineering.com

Subscribe to releases from TECO 2030 ASA

Subscribe to all the latest releases from TECO 2030 ASA by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from TECO 2030 ASA

TECO 2030, Shell and partners to receive EUR 5 million in Horizon Europe support for 2.4 MW TECO 2030 PEM Fuel Cell system for tanker retrofit project3.11.2022 07:00:00 CET | Press release

(Lysaker, Norway, November 3nd 2022) TECO 2030 (OSE: TECO, OTCQX: TECFF) with partners have been invited for HORIZON EUROPE funding of EUR 5 million to realise the hydrogen powered tanker concept, HyEkoTank. All beneficiaries have now signed the GA Declaration of Honour, stating that they are committed to participate in the project. The consortium expects to finalise the Grant Agreement process within the end of this year, and plans project startup by February 1st, 2023.

TECO 2030, Shell og partnere mottar 5 millioner euro i Horizon Europe-støtte for 2,4 MW TECO 2030 PEM brenselcellesystem for et retrofit prosjekt for tankskip3.11.2022 07:00:00 CET | Pressemelding

(Lysaker, Norge, 3. november 2022) TECO 2030 (OSE: TECO, OTCQX: TECFF) med partnere har blitt invitert til HORIZON EUROPE-finansiering på 5 millioner EUR for å realisere det hydrogendrevne tankskipskonseptet, HyEkoTank. Alle mottakerne har nå signert GA-erklæringen, og sier at de er forpliktet til å delta i prosjektet. Konsortiet forventer å fullføre Grant Agreement-prosessen innen slutten av dette året, og planlegger prosjektoppstart innen 1. februar 2023.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom