Lysaker, Norway– TECO 2030 has officially initiated the countdown for the operational testing of its trailblazing TECO 2030 FCM400 fuel cell system. The cutting-edge 400kW fuel cell, engineered for marine and heavy-duty applications, is under construction and is slated for real-world testing at AVL’s facility in Graz, Austria, imminently.
For the past 30 months, a powerhouse development team comprising over 100 engineers from both TECO 2030 and AVL has clocked more than half a million work hours to bring the world’s first marine and heavy-duty fuel cell module to life. The effort is in full throttle as they gear up for the next stages.
“This upcoming milestone carries tremendous significance as we validate our fuel cell technology. A host of stakeholders, from investors to clients, are eagerly awaiting the completion of this integrated and tested 400kW system in advanced real-life simulation,” said Tore Enger, Group CEO of TECO 2030.
Enger went on to calmly note, “There’s no question that fuel cells are the next big wave in energy generation. At TECO 2030, we’re going full tilt to ensure our systems are market-ready. The 200 projects we’re currently part of are laying the groundwork for an entirely new energy infrastructure to support these applications. While time-consuming and somewhat beyond our control, we’re striving to ensure our production capacities are in place when the opportunity presents itself.”
About TECO 2030 ASA
TECO 2030 is in the process of establishing Europe’s inaugural Giga production facility for hydrogen PEM fuel cell stacks and modules in Narvik, Norway. The company aims to ramp up its production capabilities through 2023 and early 2024, targeting an output capacity of 120 MW by 2024, 400 MW by 2025, and a staggering 1.6 GW by 2030.
As a Norway-based clean tech firm, TECO 2030 is focused on developing zero-emission solutions for the maritime and heavy industry sectors. It specializes in PEM hydrogen fuel cell stacks and modules, enabling emissions-free operations for ships and other heavy-duty applications. The company is publicly traded on both the Euronext Growth on Oslo Stock Exchange (TECO) and in New York on OTCQX (TECFF). TECO 2030 is an offshoot of TECO Maritime Group, a company serving the global shipping industry since 1994. For additional details, visit www.teco2030.no.
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