Founded in 2019, few hydrogen fuel cell players have their legacy so deeply rooted in the maritime industry than Norway’s TECO 2030, having spun out of the TECO Maritime Group.
With a history as a technology and repair service provider to the global shipping industry since 1994, the Group, following the International Maritime Organisation’s (IMO) implementation for the industry to reduce sulphur emissions to 0.5% from January 2020, launched TECO 2030 to support customers in their transition to more sustainable shipping.
The launch came at a pivotal time in shipping. In another quick step to clean up the industry, the IMO in 2021 adopted measures to reduce the carbon intensity of all ships by 40% by 2030 compared to 2008 levels, ahead of goals to see a 50% reduction of all greenhouse gas (GHG) emissions and a 70% cut of CO2 emissions in line with the Paris Agreement1.
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