30.9.2022 09:57:42 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, September 30th 2022): TECO 2030 (OSE: TECO) has been awarded as the winner of an innovation competition in the category of “Innovation Concepts” with the TECO 2030 Power Barge concept. The innovation competition ZeroEmission@Berth is hosted by The Maritime Cluster Northern Germany.

TECO 2030 is proud to announce it has been awarded as the winner in the innovation competition category “Innovation Concepts” with the energy efficient TECO 2030 Power Barge.

“TECO 2030 is honored to be awarded as the category winner for innovative concepts in the ZeroEmission@Berth innovation competition. We are humble to be selected as the winner in front of the big and leading industry players ABB OY and Hydrogen de France. With this award, TECO 2030 proves its ability to develop leading maritime zero emission fuel cells solutions,” says Tore Enger, Group CEO of TECO 2030.

The ZeroEmission@Berth innovation competition was initiated by nine German ports in search of innovative alternatives to existing shore power systems and energy supply approaches for ships at berth, which can also contribute to reducing emissions while ships are at sea. The seaports, represented by the respective port infrastructure companies, want to support the path of decarbonization of shipping with the innovation competition 'ZeroEmission@Berth' to enable ship operation at the berth without emissions.

"The diverse approaches from all parts of the world surprised even the jury members and prove that technology providers are serious about decarbonization in the maritime industry," says Peter Moller, MCN Branch Manager.

TECO 2030 was also awarded as the runner up in the category of “prototypes” for its TECO 2030 Fuel Cell Power Generator. TECO 2030 congratulates CMB Germany as the prototypes category winner. Overall, there were 3 categories, and TECO 2030 is proud to be nominated in 2 out of 3 categories.

The TECO 2030 Fuel Cell Power Generator is a complete hydrogen powered genset that can replace both on- and offshore fossil fueled generators for shore power solutions, strengthening of local grids, emergency generators for data centers and more.

Contacts

• Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

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 the ticker 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

Attachments

• Download announcement as PDF.pdf

16.9.2022 10:45:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, September 16th 2022): TECO 2030 (OSE: TECO) has launched a new product concept for its containerized fuel cells, the TECO 2030 Power Barge.

The solution comprises TECO 2030 fuel cell modules, batteries, power electronics, safety- and automation systems, hydrogen storage, and a refueling solution. The concept forms a scalable multimegawatt solution for electricity production for shore power from hydrogen.

The concept allows major benefits in terms of increased safety, reduced operational costs, reduced land area use, increased flexibility while also eliminating harmful emissions.

“The floating and mobile solution for shore power in locations with insufficient electrical grid and for ships at anchor will become a game changer in reducing  and eliminating harmful emissions along our coastlines and in ports. Fuel Cells can be used for almost any application and infrastructure solutions where power generation is needed,” said Tore Enger, Group CEO of TECO 2030.

Overall, the concept is in line with the European Commission’s proposal launched September 14^th, 2022, to make available over 5 billion euros for European transport infrastructure projects. The funding will support projects across all EU Member States along the Trans-European Transport Network (TEN-T) a network of rail, inland waterways, ports, and roads that connect Europe.

The TECO 2030 Fuel Cell Generator is a complete hydrogen powered genset that can replace both on- and offshore fossil fueled generators for shore power solutions, strengthening of local grids, emergency generators for data centers and more.

Contacts

• Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

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 the ticker 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

Attachments

• Download announcement as PDF.pdf
• TECO 2030 launches new product concept Power Barge.pdf

8.9.2022 07:30:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Hamburg, Germany, September 8th 2022) TECO 2030 (OSE: TECO) and thyssenkrupp Automation Engineering GmbH have signed a Memorandum of Understanding (MoU) to supply the total PEM fuel cell production line to TECO 2030’s Innovation Center in Narvik, Norway.

TECO 2030 is well under way with the planning of the production line equipment in Narvik and is pleased to have signed a MoU with an industry leading supplier thyssenkrupp Automation Engineering.

The MoU is the collaboration platform for the delivery and installation of the fuel cell production line  in TECO 2030’s Innovation Center in Narvik. All the equipment will be delivered from thyssenkrupp Automation Engineering and is intended to complete the first full production line including stack assembly, module assembly and test equipment. This first production line will be the first of several production lines at the TECO 2030 Innovation Center in Narvik and will contribute to creating many new jobs in the northern Norway region.

“I believe this MoU with thyssenkrupp Automation Engineering represents the beginning of a long-term and strong partnership. We are looking forward to moving on with the fuel cell production project in Narvik and are excited to team up with renowned supplier like thyssenkrupp Automation Engineering,” says Tore Enger, Group CEO, TECO 2030.

“We are really looking forward to work with TECO 2030 in realizing zero emission shipping and heavy industry, and their goal of establishing a complete PEM fuel cell production line in Narvik,” Michael Menneking, CEO of thyssenkrupp Automation Engineering.

Contacts

• Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

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 the ticker 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

Attachments

• Download announcement as PDF.pdf