Lysaker,
The modules are to be installed on Chemgas Shipping’s new hydrogen-powered tugboats and transport barges which will operate on the
“We are thrilled that
“The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to
Green Hydrogen @ Blue Danube
The vessels the fuel cell modules are planned to be installed on, will be used to transport green hydrogen produced from solar and wind energy in
The Green Hydrogen @ Blue Danube project is led by the Austrian energy utility
The project’s goal is to create a trans-European green hydrogen value chain – from production and transportation to purchase by industrial and mobility customers. The first phase of the project focuses on the production and use of green hydrogen in
The second phase will focus on the production of green hydrogen from renewable electricity in south-eastern
First delivery planned for 2023
TECO 2030 and
The first fuel cell delivery is planned to take place in spring 2023, and this will be a pilot version. Deliveries will continue over the following years, with most of them planned to occur after 2025.
The fuel cells will be installed both on the transport barges that will be used to transport green hydrogen from
“The TECO 2030 marine fuel cell is the proper solution for inland waterway navigation. We have to deal with low water situations where heavy batteries are not acceptable,” says
The engine of tomorrow
Hydrogen fuel cells are the engines of tomorrow and convert hydrogen into electricity while emitting nothing but water vapour and warm air. By installing hydrogen fuel cells, ships can use hydrogen as fuel and become emissions-free.
Hydrogen fuel cells offer a zero-emission alternative for applications for which batteries are not a good option, for example due to weight issues. Fuel cells have a longer range, weigh less, and take up less space than batteries. They do not need to be recharged, and can instead be refuelled with hydrogen, almost in the same way as with traditional fossil fuels.
TECO 2030 is together with the Austrian powertrain technology company AVL currently developing the first fuel cell system in the world that is specifically designed for use onboard ships and on other heavy-duty applications.
The TECO 2030 Marine Fuel Cell System and Fuel Cell Module FCM400TM have received an “Approval in Principle” (AiP) by DNV, one of the world’s leading classification and certification bodies, confirming that these are safe to use onboard ships.
The TECO 2030 Marine Fuel Cell will be produced at the company’s new combined innovation center and factory in Narvik in northern
Many ship-owners will have to do something to make their vessels more climate-friendly, and TECO 2030 will help them with that.
TECO 2030 is delivering technology that helps ships reduce their emissions. In addition to hydrogen fuel cells, the company is developing carbon capture and exhaust gas cleaning systems for the maritime industry, which will enable ships running on fossil fuels to lower their environmental and climate footprints.
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
About TECO 2030 ASA
TECO 2030 contributes to 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,
Attachments
- Download announcement as PDF.pdf
- PressRelease_Chemgas_English.pdf
© NTB Norway, source