TECO 2030 ASA

TECO 2030 signs new agreement with strategic partner AVL

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(Lysaker, 12 January 2021): TECO 2030 ASA (OSE-Ticker: TECO) is pleased to announce the TECO 2030 EPOS System powered by AVL.
Picture text: TECO 2030 EPOS is predictably powerful.
Picture text: TECO 2030 EPOS is predictably powerful.

The Engine Performance Optimization System (EPOS) for combustion engines will be offered to shipowners worldwide, the system secures the owners with preventive engine damage measures and reduces fuel consumption and environmental impact of approximately 3%. For a vessel which consumes 25 000 tons of fuel it will be able to reduce emission of approximately 2000 tons of CO2, 50 tons of NOx, and 6 tons of PM (Particulate Matters - 10/2.5) per year.

TECO 2030 EPOS provides condition monitoring and automatic diagnosis using expert algorithms for large-bore combustion engines and their auxiliaries. There are no influences on the engine control. TECO 2030 EPOS can act online on-board a vessel as well as offline in the fleet management’s office.

“Expanding our portfolio to meet the environmental challenges in shipping is a constant goal of TECO 2030. Adding the TECO 2030 EPOS system to our portfolio will contribute to our portfolio of environmental solutions for our clients. . The TECO 2030 EPOS system will give us an additional continuous revenue flow during the development of TECO 2030 Marine Fuel Cells and TECO 2030 Future Funnel.” said Tore Enger, CEO of TECO 2030 ASA.

According to the International Maritime Organization, a carbon intensity and decarbonization program for existing ships over 400 gross tonnage is set to be implemented January 1st, 2023. TECO 2030 EPOS will provide shipowners with a 3% reduction in CO2 emissions and together with additional TECO 2030’s technologies, we aim to support shipowners to achieve a carbon intensity indicator rating of C or better.

For further information, please contact:

Tore Enger, CEO, Tel: +47 920 83 800

Email: tore.enger@teco.no

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Picture text: TECO 2030 EPOS is predictably powerful.
Picture text: TECO 2030 EPOS is predictably powerful.
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Picture text: Combination of TECO 2030 EPOS with Closed Loop Engine Control.
Picture text: Combination of TECO 2030 EPOS with Closed Loop Engine Control.
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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 (OSE - Ticker: TECO) is an innovative engineering and equipment development company aiming to significantly increase the use of renewable energy, specifically in the form of hydrogen fuel cells, and reduce the environmental footprint of the shipping industry. TECO 2030 – powering the maritime industry's transition to renewable energy. www.teco2030.no

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Latest releases from TECO 2030 ASA

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.

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