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 companyTECO 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, grantedNOK 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 withEverfuel 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 construction sites. * TECO 2030 was granted up toNOK 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 toNOK 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 relevant projects. DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. CONTACTS *Tore Enger , Chief Executive Officer (CEO) ofTECO 2030 ASA , +4792083800, tore.enger@teco2030.no ABOUTTECO 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 onOslo Stock Exchange under TECO. TECO 2030 has its roots in theTECO 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. ATTACHMENTS Download announcement as PDF.pdf - https://kommunikasjon.ntb.no/ir-files/17847477/937/1238/Download%20announcement% 20as%20PDF.pdf TECO 2030 Q3 2021.pdf - https://kommunikasjon.ntb.no/ir-files/17847477/937/1237/TECO%202030%20Q3%202021. pdf
Click here for more information
© Oslo Bors ASA, source