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    TECO   NO0010887516

TECO 2030 ASA

(TECO)
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TECO 2030 Moves into its New Giga Factory for Fuel Cell Production in Northern Norway

07/01/2021 | 02:53am EDT

TECO 2030's planned combined fuel cell factory and innovation centre in Narvik will become Norway's first large-scale production of hydrogen-based fuel cells. The plant will be established in a facility that was previously home to a factory operated by solar company REC. The engine of Hydrogen fuel cells are the engines of and convert hydrogen into electricity while emitting nothing but water vapour and warm air. By installing hydrogen fuel cells, ships and other heavy-duty applications that currently get their energy from diesel engines or diesel generators can switch from fossil fuels to climate-friendly hydrogen and become completely emissions-free. TECO 2030 is developing fuel cell technology in cooperation with the Austrian powertrain technology company AVL, which will also contribute to the planning and establishment of the combined factory and innovation centre in Narvik. The building where the plant will be located is owned by the property company Teknologiveien Eiendom AS, which is renting it out to TECO 2030 ASA on a long-term lease agreement with a purchase option.


ę S&P Capital IQ 2021
All news about TECO 2030 ASA
09/09TECO 2030 REACHES NEW MILESTONE : Has been granted up to NOK 4 million in tax relief for c..
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09/01TECO 2030 : moves into a new and bigger office
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08/31TECO 2030 : Everfuel To Develop Emissions-Free Power Solutions
MT
08/31TECO 2030 : Everfuel to deliver green hydrogen to fuel cells developed by TECO 2030
AQ
08/16TECO 2030 : signs agreement with Greenstat to cooperate on developing a hydrogen value cha..
AQ
08/16TECO 2030 Signs Agreement with Greenstat to Cooperate on Developing A Hydrogen Value Ch..
CI
08/13TECO 2030 : publishes its results for H1 2021
AQ
08/12TECO 2030 ASA Reports Unaudited Earnings Results for the First Half Ended June 30, 2021
CI
08/09OTCQB Venture Company Investor Presentations Now Available for On-Demand Viewing
AQ
08/04TECO 2030 : to Webcast Live at VirtualInvestorConferences.com on 5 August
AQ
More news
Financials
Sales 2021 243 M 28,0 M 28,0 M
Net income 2021 35,0 M 4,03 M 4,03 M
Net Debt 2021 - - -
P/E ratio 2021 19,4x
Yield 2021 -
Capitalization 716 M 82,3 M 82,4 M
Capi. / Sales 2021 2,95x
Capi. / Sales 2022 1,39x
Nbr of Employees 21
Free-Float 32,7%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 5,63 
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Spread / Average Target -
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Managers and Directors
Tore Enger Co-Chairman & Chief Executive Officer
Pňl Christian Johnsen Chief Financial Officer
Sigurd Gaarder Lange Co-Chairman
Arild Eiken Chief Technology & Project Officer
Birgit Marie Liodden Director
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