(Lysaker,
TECO2030 has reached a series of significant milestones and great progress through Q4 2022:
* TECO 2030 raised approx. MNOK 87 in new equity in three private placements. In addition to raising MNOK 31 in the second tranche of the convertible bond loan.
* TECO 2030 announced it had completed production of the world’s first fuel cell stack developed and purposely designed for heavy-duty and marine applications.
* TECO 2030 signs contract with thyssenkrupp
* Infrastructure contractor Implenia Norway has placed an order for their HydroPilot project of two FCM400 hydrogen fuel cell modules from TECO 2030. The initial order is worth
* TECO 2030 has received a purchase order for a future funnel from an undisclosed large European shipowner. The contract value is approx.
* TECO 2030, Shell and partners to receive
* TECO 2030 have signed a LOI with AVL on behalf of an undisclosed truck customer for delivery of fuel cell stacks to 30 trucks based on the AVL HyTruck platform, delivery to start end of next year.
Q4 2021 Financials:
TECO 2030 is building a substantial pipeline of outstanding quotes:
* At the end of 2022 TECO 2030 had sent out sales offers with a total value of more than
* Total live outstanding offers including the first 75 days into 2023 equals approx.
The Group's total revenue in 2022 ended on MNOK 12.6, down from MNOK 12.8 in 2021.
EBITDA for 2022 ended on MNOK - 68.4 and MNOK -22.5 for the Q4 isolated. This is in line with the Companies' expectations as much focus has been on the continued development of the TECO 2030 Marine Fuel Cell in close cooperation with the Austrian company AVL.
Total assets as per end of 2022 were MNOK 357, up from MNOK 260.8 in 2021. Total equity was MNOK 102.2 at the end of the fourth quarter(2021: MNOK 104.6) which gives an equity ratio of 28% per
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Tore Enger , CEO ofTECO 2030 ASA , +4792083800, tore.enger@teco2030.no
About TECO 2030 ASA
Europe’s first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik,
TECO 2030 is a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. 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
Attachments
- Download announcement as PDF.pdf
- TECO 2030 Q4 report 2022.pdf
© NTB Norway, source