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    TECO   NO0010887516

TECO 2030 ASA

(TECO)
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TECO2030 Moves into its New Giga Factory for Fuel Cell Production in Northern Norway

07/01/2021 | 02:53am EDT

TECO 2030 has over the building that will become home to its new fuel cell giga factory in Narvik in northern Norway. TECO 2030's planned combined fuel cell factory and innovation centre in Narvik will become Norway's first large-scale production of hydrogen-based fuel cells. The plant will be established in a facility that was previously home to a factory operated by solar company REC. Will create up to 500 new jobs in Narvik Over the next ten years, TECO 2030 expects total investments in the plant in Narvik to amount to up to NOK 1 billion. During that period, up to 500 new jobs may be created in Narvik within development, pilot production and full-scale production. TECO 2030 expects to have around ten employees at the plant already by the end of 2022 and about 100 before the end of 2025. As many of these as possible will be recruited locally. People with different kinds of skills and competences will be needed, such as electricians, mechanics, plumbers, engineers and civil engineers within process, electric power, electronics and automation.


ę S&P Capital IQ 2021
All news about TECO 2030 ASA
09/09TECO 2030 REACHES NEW MILESTONE : Has been granted up to NOK 4 million in tax relief for c..
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09/01TECO 2030 : moves into a new and bigger office
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08/31TECO 2030 : Everfuel To Develop Emissions-Free Power Solutions
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08/31TECO 2030 : Everfuel to deliver green hydrogen to fuel cells developed by TECO 2030
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08/16TECO 2030 : signs agreement with Greenstat to cooperate on developing a hydrogen value cha..
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08/16TECO 2030 Signs Agreement with Greenstat to Cooperate on Developing A Hydrogen Value Ch..
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08/13TECO 2030 : publishes its results for H1 2021
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08/12TECO 2030 ASA Reports Unaudited Earnings Results for the First Half Ended June 30, 2021
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08/09OTCQB Venture Company Investor Presentations Now Available for On-Demand Viewing
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08/04TECO 2030 : to Webcast Live at VirtualInvestorConferences.com on 5 August
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More news
Financials
Sales 2021 243 M 28,2 M 28,2 M
Net income 2021 35,0 M 4,06 M 4,06 M
Net Debt 2021 - - -
P/E ratio 2021 19,3x
Yield 2021 -
Capitalization 714 M 82,8 M 82,7 M
Capi. / Sales 2021 2,94x
Capi. / Sales 2022 1,38x
Nbr of Employees 21
Free-Float 32,7%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 5,61 
Average target price
Spread / Average Target -
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Managers and Directors
Tore Enger Co-Chairman & Chief Executive Officer
Pňl Christian Johnsen Chief Financial Officer
Sigurd Gaarder Lange Co-Chairman
Arild Eiken Chief Technology & Project Officer
Birgit Marie Liodden Director
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