TECO 2030 Inc.  

Davie,  FL 
United States
https://teco2030.no/

• Booth: 931

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 industry and other heavy duty industries. 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.

Brands: TECO 2030 INC., BLOM MARITIME, TECO SOLUTIONS, CROSSCOMAR, TECO CHEMICALS

 Videos

 Press Releases

• HyEko Tank Project (Mar 06, 2023)

  TECO 2030, Shell and partners have started the EUR 5 million project HyEkoTank 8.2.2023 07:00:00 | TECO 2030 ASA (Lysaker, Norway, February 8th 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) is pleased to announce that the HyEkoTank project which has been awarded a EUR 5 million grant under the European funding scheme HORIZON EUROPE has started, together with Shell and the other consortium partners. Picture text: The TECO 2030 Fuel Cell Power Generator can be utilized to power and operate ships without emissions. The HyEkoTank project aims to demonstrate that the existing fleet can be retrofitted with a zero-emission system for propulsion and power generation. The project has started February 1st and is planned to last for 3 years, with the ultimate goal of eliminating emissions during voyage and in port. TECO 2030 aims to retrofit six 400 kW Fuel Cell Modules in a container solution, and demonstrate power supply for both propulsion and auxiliary loads using hydrogen with zero emissions as fuel. “I am excited to see the support from the European Union and Shell in realizing a retrofit project with the goal of demonstrating zero emission voyage and port operations. This is one of the largest marine fuel cell projects in the world that I am aware of, and we will do our best to prove that fuel cells are the name of the game in decarbonizing heavy-duty marine applications.” says Tore Enger, Group CEO TECO 2030. "Shell is proud to be a part of this fuel cell project, which aims to demonstrate the viability of hydrogen as a zero-carbon fuel for the maritime sector. Our target is to be a net-zero emissions energy business by 2050 and to accelerate this transition we are partnering with customers and businesses from across the sectors. Shell will purchase the fuel cell system and provide the renewable hydrogen to power this pioneering project as we continue to drive innovation to deliver the cleaner energy solutions that our customers need," says Carl Henrickson, General Manager Technology, Innovation & Digitalisation, Shell Shipping and Maritime.

  Contacts Tore Enger CEO Tel:  +47 920 83 800 tore.enger@teco2030.no

• TECO 2030 Completes First FCM400's Component Procurement (Mar 06, 2023)

  TECO 2030 completes first FCM400’s component procurement 10.1.2023 07:00:00 | TECO 2030 ASA (Lysaker, Norway, January 10th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has completed selection of all major component suppliers and procured necessary parts for the first fuel cell modules (FCM400). This means the FCM400 development is close to completion and the first units are ready for assembly. Picture text: TECO 2030’s Fuel Cell Module 400 (FCM400) is the building block of TECO 2030 Fuel Cell System, which is purposely developed for heavy-duty marine applications. The layout release entails a freeze of all functional components to allow for further resimulation and fine detail solutions to be executed. The first FCM400 will be assembled at AVL’s facility in Graz, Austria during Q2, before its scheduled operation in the advanced testbed for complete simulation. The fuel cell development project now shifts from design engineering to the build and validation phase. The FCM400 will complete advanced testbed operations during Q3 2023. The FCM400 is the building block in TECO 2030’s Fuel Cell Power System and is a key driver towards achieving zero emissions while operating marine and heavy-duty applications. The system is designed for an electrical capacity of 400kW. “The milestone proves maturity of the product details and is a step towards reaching our final product design. In other words, a clear indication of development progressions as we move into a new step in the development project timeline, according to our schedule” says Tore Enger, Group CEO, TECO 2030. “Zero emission fuel cell power sources for heavy duty and marine applications are very soon ready for market introduction, and we are ready to provide clients with fuel cells performing like never seen before. The FCM400 will undoubtedly become a propulsion game-changer in the marine industry,” Enger concludes.

  Contacts Tore Enger CEO Tel:  +47 920 83 800 tore.enger@teco2030.no

• TECO 2030 Completes Production of First Fuel Cell Stack (Mar 06, 2023)

  TECO 2030 completes production of first fuel cell stack 15.12.2022 07:00:00 | TECO 2030 ASA (Lysaker, Norway / Vancouver, Canada, December 15th, 2022) TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) is pleased to announce the completed production of the world’s first fuel cell stack developed and purposely designed for heavy-duty and marine applications. Picture text: From left Tore Enger, Group CEO TECO 2030 and Tor Erik Hoftun, EVP Operations. “It’s amazing to be able to physically touch the first TECO 2030 fuel cell stack. I would like to thank all the team members at TECO 2030 and our development partner AVL who have worked hard to ensure this project has progressed according to schedule over the past months and years, enabling us to proceed with several pilot projects during 2023,” says Tore Enger, CEO of TECO 2030. The occasion was celebrated in Vancouver, Canada, where AVL has its global center of excellence for proton exchange membrane (PEM) fuel cell stacks. Key management from TECO 2030 and AVL, as well as several investors of TECO 2030, took part in the event. "It’s great to see the fuel cell stack that TECO 2030 is industrializing inching towards serial production.” said Falko Berg, Manager and Technical Product Responsible PEM Systems at AVL List. “Today’s milestone marks the next logical and important step towards launching the fuel cell factory in Narvik, its class-leading fuel cell system and finally decarbonizing the marine industry,” Berg adds. A fuel cell stack consists of a number of individual stack cells, each generating electricity from electrochemical reactions based on fuels such as hydrogen. TECO 2030’s fuel cell stack contains a few hundred stack cells and provides a net output of 100 kW. The stacks are then combined together with balance of plant (BoP) components into a fuel cell module. TECO 2030 plans to assemble and test the first FCM400 (Fuel Cell Module 400 kW) during the summer of 2023 at AVL’s s facility in Graz, Austria. Several modules, in turn, can be combined to supply the megawatts of output needed for applications such as ship propulsion, auxiliary power and other heavy-duty applications. “Following the milestone announced today, we will gradually increase production during 2023 to supply fuel cell systems for a number of pilot projects, followed by automated volume production at our gigafactory in Narvik, Norway, from early 2024,” Enger adds. TECO 2030 has recently announced several pilot projects that will proceed in 2023, covering fuel cell systems for marine applications, trucks and construction sites. “TECO 2030 is targeting heavy-duty industries where the emissions of greenhouse gases are substantial and where batteries will have to be supplemented by fuel cells to provide a viable alternative to fossil fuels. Today, we took a major step on the road to decarbonization in these areas,” says Enger.

  Contacts Tore Enger CEO Tel:  +47 920 83 800 tore.enger@teco2030.no

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