Who we are

TECO 2030 is building up Europe’s first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik, Norway. The production capacity will be built up through 2024 and 2025, targeting an output capacity of up to 200 MW of fuel cells in 2025, increasing to 3.2 GW in 2030.

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 Oslo Stock Exchange under the ticker TECO and in New York, OTC under the ticker TECFF.

The global goal of TECO 2030

To reduce and eliminate harmful emissions in the environment.

Structure of TECO 2030

Structure TECO 2030


The executive management of TECO 2030 comprises executives with excellent domain knowledge within their job functions and with senior management from across the industry.

Board of Directors

The Board of Directors has the overall responsibility for the management of TECO 2030. This includes a responsibility to supervise and exercise control of the company’s activities. The term of office for members of the Board of Directors is two years.

Company foundation history

TECO 2030 was founded in 2019.The company has its roots in the TECO Maritime Group, a group that has provided technology and repair services to the global shipping industry since 1994.
The International Maritime Organization (IMO) has implemented a regulation for marine vessels to reduce sulphur emissions to 0.5% (0.1% in Emission Control Areas) sulphur equivalent from January 1st 2020. In this regard, the company TECO Maritime Group has decided to open a new direction TECO 2030, which will support customers in the transition to more environmentally friendly and renewable energy sources.

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