TECO 2030 signs new agreement with strategic partner AVL
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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Tore EngerCEO
Tel:+4792083800tore.enger@teco.noImages
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About TECO 2030 ASA
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 raises NOK 43 million and partners up with Advait Infratech Limited (Advait) in India16.4.2024 08:45:00 CEST | Press release
(Norway and India, April 16th 2024) TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Advait Infratech Limited (BOM: 543230) invests and partners up for fuel cell expansion in India and SAARC countries. Simultaneously, Advait injects approx. NOK 43 million (USD 4 million) through a private placement in TECO 2030 ASA at a price of NOK 2.00 per share.
TECO 2030 Receives AIP for Containerized Fuel Cell Power Generator8.4.2024 07:00:00 CEST | Press release
(Lysaker, Norway, April 8th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) has, in connection to the HyEkoTank project, received an Approval in Principe (AIP) from the Norwegian classification society DNV for a containerized fuel cell power generator (FCPG) for use onboard oceangoing applications.
TECO 2030 Receives AIP from DNV for Onboard Compressed Hydrogen Fuel Systems19.3.2024 07:00:00 CET | Press release
(Lysaker, Norway, March 19th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) is proud to announce that it has received an additional Approval in Principle (AiP) from DNV regarding compressed hydrogen fuel systems. This milestone achievement marks a significant step forward in the development of sustainable propulsion solutions for the maritime industry.
TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design29.2.2024 07:00:00 CET | Press release
(Lysaker, Norway, February 29th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Umoe Mandal successfully receives “approval of preliminary design” from the Norwegian Maritime Authority for a multimegawatt hydrogen fuel cell powered high-speed vessel design. The preliminary approval is a result of the application submitted earlier this month and is the first stage of the design and approval process for constructing a fuel cell powered vessel.
TECO 2030 and Yokogawa Take Partnership to the Next Stage with Delivery of One TECO Fuel Cell Stack28.2.2024 07:00:00 CET | Press release
(Lysaker, Norway, February 28th 2024): TECO 2030 (OSE: TECO, ISIN: NO0010887516) announces that for the next step in its partnership with Yokogawa, the global industrial automation company, it will be delivering a TECO fuel cell stack of 100kW to the Yokogawa global headquarters in Tokyo before the end of Q1 2024.
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