29.10.2021 07:00:00 CEST | TECO 2030 ASA | Half yearly financial reports and
audit reports / limited reviews
Lysaker, Norway, 29 October 2021 - Norwegian cleantech company TECO 2030 ASA
(OSE: TECO) has published its results for the third quarter of 2021.
The company's Q3 report is available at https://teco2030.no/investors/reports/.
Main highlights for TECO 2030 in Q3 2021:
* Take-over and official opening of our new facility in Narvik, the TECO 2030
Innovation Center, where we will produce hydrogen fuel cells that are
specifically designed for ships and other heavy-duty applications. We are now
working to set up the factory and its production lines.
* TECO 2030 was, together with the infrastructure contractor Implenia Norway,
granted NOK 15.6 million in funding by the Norwegian state enterprise Enova
to jointly develop and pilot hydrogen-powered solutions that will eliminate
emissions at construction sites.
* TECO 2030 signed a strategic cooperation agreement with Everfuel for the
delivery of green hydrogen to fuel its fuel cells and fuel cell generators.
This will enable decarbonisation of hard-to-decarbonise areas, such as
* TECO 2030 was granted up to NOK 5.4 million in tax relief as indirect
government support for developing the first semi-automated production line
for hydrogen fuel cells at the TECO 2030 Innovation Center in Narvik.
* TECO 2030 was granted up to NOK 4 million in tax relief as indirect
government support for developing onboard carbon capture solutions that will
capture CO? in the ship exhaust and store it until the ship reaches port.
* TECO 2030 signed a letter of intent with Greenstat 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
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
* Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800,
ABOUT TECO 2030 ASA
TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 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. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 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 - http://www.teco2030.no.
Download announcement as PDF.pdf -
TECO 2030 Q3 2021.pdf -
Click here for more information
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