TECO2030 signs agreement with Narvik Hydrogen AS to cooperate on developing a hydrogen value chain
(Narvik, Norway, March 31st 2022) TECO2030 has signed a letter of intent with Norwegian energy company Narvik Hydrogen to cooperate on relevant projects with the aim of developing a complete hydrogen value chain.
As part of the agreement, the two parties will discover, evaluate and participate in relevant projects. For the projects they decide to cooperate on, Narvik Hydrogen will provide green hydrogen to be used as fuel for the fuel cells developed by TECO2030.
“With the signing of the letter of intent with Narvik Hydrogen, we can supply hydrogen to our customers in the Northern Norway region in order to offer complete infrastructure hydrogen projects,” says Tore Enger, CEO of TECO2030 ASA.
“We believe that the hydrogen community stands stronger shoulder by shoulder, and collaboration is key towards achieving our common goal of a zero emission future,” Enger adds.
“At Narvik Hydrogen we are proud to work with an ambitious partner like TECO 2030. We strongly believe in collaboration throughout the value chain to accelerate the introduction of hydrogen as an energy carrier across different sectors,” says Håvard Hjallar, CEO Narvik Hydrogen AS.
Hydrogen fuel cells are the engines of tomorrow and convert hydrogen into electricity while emitting nothing but water vapour and warm air.
Green hydrogen is hydrogen produced with renewable energy such as electricity from wind turbines and solar panels. When ships or other large applications replace their traditional combustion engines running on fossil fuels with fuel cells fuelled by green hydrogen, they can become completely emissions-free.
Keywords
Contacts
Håvard Hjallar, CEO, +47 97 52 82 53, haavard@narvikhydrogen.no
Tore EngerCEO
Tel:+47 920 83 800tore.enger@teco2030.noHåvard HjallarCEONarvik Hydrogen
Tel:+4797528253haavard@narvikhydrogen.noImages
About TECO 2030 ASA
About TECO2030 ASA
TECO2030 accelerates the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO2030 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. TECO2030 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. TECO2030 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 NARVIK HYDROGEN AS
Narvik Hydrogen AS is taking a leading position to mature the market for green hydrogen in the Narvik region and parts of Norrbotten. The company will develop projects in the production, distribution and sale of green hydrogen, and with this contribute greatly to zero-emission energy solutions for a number of transport and industrial players in the region.
Narvik Hydrogen is owned by Norwegian Hydrogen 50,1% and Greenstat ASA 33,4% and represent owners that already are significant players in the Hydrogen industry. Narvik Hydrogen was established in august 2021.
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
TECO2030 receives BWTS order13.4.2022 10:05:46 CEST | Press release
(Lysaker, Norway, April 13th, 2022): TECO2030 ASA (OSE: TECO) has received an order for 1 TECO2030 Ballast Water Treatment System (BWTS) from Avangard Shipyards, for the ship AVANGARD II, worth approximately NOK 1 million.
TECO2030 Fuel Cell Update March 202213.3.2022 08:30:00 CET | Press release
(Lysaker, Norway, March 13th 2022) TECO2030 ASA (OSE: TECO) has decided to publish an operational update about the developments of our Marine Fuel Cells. Through 2021 we saw great progress in both the technology and production developments and reached several milestones.
TECO2030 signs strategic cooperation agreement with Al Misehal Group15.2.2022 13:01:00 CET | Press release
(Lysaker, Norway, February 15th, 2022): TECO2030 (OSE: TECO) signs strategic cooperation agreement with Al Misehal Group in the Kingdom of Saudi Arabia (KSA). The strategic cooperation agreement aims to result in a Joint Venture between the parties with the purpose of conducting business which will reduce environmental impact in the KSA.
TECO 2030 BRINGS RAMBASE ON THEIR GREEN ADVENTURE9.2.2022 09:00:00 CET | Press release
In this game, it's all about people, and we meet a lot of personalities who inspire us. People who have guts, and no doubt. These kinds of forward-looking thinkers raise the bar with everything they do. Our customer TECO 2030 is a company filled with these minds. We sat down with their CEO, Tore Enger, to chat about how they take on one of the biggest environmental challenges of our time.
TECO 2030 signs MoU with Gen2 Energy12.1.2022 08:00:00 CET | Press release
(Lysaker, Norway, January 12th 2022) TECO 2030 ASA and Gen2 Energy signs a Memorandum of Understanding to cooperate on relevant projects where green hydrogen is needed for fuel cells.
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