26.1.2021 06:30:01 CET | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

(Lysaker, 26 January 2021): TECO 2030 ASA (OSE-Ticker: TECO) is pleased to
present two products undergoing development and Type Approval in accordance with
Maritime rules and regulations; The "FCC 1600" Fuel Cell Container and the "FCM
400" Fuel Cell Module.

"The "FCM 400" fuel cell module is TECO 2030's building block for Marine
applications. The zero-emission fuel cell has 400 kW net power output which is
twice the capacity compared to other fuel cell providers.

The "FCC 1600" is a standard 20 ft. ISO container that holds four fuel cell
modules with all related auxiliaries.

Based on feedback from customers and collaborators within the Maritime industry,
both the "FCC 1600" and especially the "FCM 400" is a perfect fit for all ship
vessel applications as it is market leading with respect to power density and
dynamics, and scalable to any MW size needed. Thus, TECO 2030 expects the
products to be the most utilized fuel cell solutions within the Maritime and
Offshore industry," said Tore Enger, CEO of TECO 2030 ASA.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Tore Enger, CEO, +4792083800, tore.enger@teco.no 

ABOUT TECO 2030 ASA

TECO 2030 (OSE: TECO-ME) aims to tackle one of the biggest environmental
challenges of our time: How to combine growing global shipping volumes with
reduced emissions. We believe the shipping industry can move to zero emissions
by implementing new technologies, with hydrogen-based fuel cells as the ultimate
solution. TECO 2030 - powering the maritime industry's transition to renewable
energy. [http://www.teco2030.no]

ATTACHMENTS

 * Download announcement as PDF.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847477/269/311/Download%20announceme
   nt%20as%20PDF.pdf]
 * 26012021_FCC_PressRelease.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847477/269/310/26012021_FCC_PressRel
   ease.pdf]

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