Norwegian cleantech company TECO 2030 has moved into the building of what is set to be its brand-new large-scale fuel cell gigafactory in Narvik, Northern Norway.
TECO 2030 first unveiled plans for the site back in February and hopes the combined fuel cell factory and innovation centre will be the first of its kind within the country.
Read more: Plans unveiled for gigafactory in Norway
Confirming details, the company said it plans to produce fuel cells with a total capacity of 10MW at the site in 2022 and intends to gradually scale up the plant’s output over the following years. By 2030, the factory will be able to produce 1.2GW of fuel cells every year, which will lead to several billions of NOK in annual turnover.
To make the above come to fruition, TECO 2030 expects total investments in the plant in Narvik to amount to up to NOK 1 billion ($1.1m). During that period, up to 500 new jobs may be created in Narvik within development, pilot production and full-scale production.
Commenting on the move, Erling Hoftun, Chairperson of TECO 2030 Innovation Centre, said, “This building is highly advanced, ready to be put to use and is perfect for us. We will now spend the next couple of months evaluating what of the existing infrastructure there we can use, before the detailed planning of the plant and the production lines starts in the autumn.
“We will start the process of hiring people to work at the plant in the first half of 2022, and we plan to begin manual pilot production of fuel cells at the factory already later the same year.”
Fuel cell development at the site will be carried out in collaboration with Austrian engineering company AVL. As well as bringing 20 years of experience and more than 150 patents within the fuel cell industry, AVL will also contribute to the planning and construction of the factory.
The building where the plant will be located is owned by the property company Teknologiveien Eiendom, which is renting it out to TECO 2030 on a long-term lease agreement with a purchase option.
TECO 2030 is currently in the process of evaluating financing alternatives for the giga factory and innovation centre and is exploring different possibilities for getting public funding for the project.
“We are very grateful for the support we have received from the local community in Narvik. We have experienced enormous levels of excitement from the people living in the city and its surroundings, and we have received many inquiries from people who want to help us with establishing the factory,” Hoftun continued.
Did you miss this?
Back in March, H2 View spoke exclusively with Tore Enger, CEO of TECO 2030 to find out more about the gigafactory.
This time last week, TECO 2030 unveiled further plans for Norway’s first-ever gigafactory. Today, H2 View sits down with the company’s CEO Tore Enger to find out more about the major development that is set to transform the hydrogen-powered marine industry.
Confirming Narvik as the gigafactory’s new home, TECO 2030 said it hopes to transform the municipality into Norway’s hydrogen capital. To make this goal a reality, the company is promising a lot of jobs, with 500 set to be created during pilot production and full-scale industrial production.
TECO 2030 expects to invest a total of approximately NOK 1bn into the facility over a ten-year period. During this development phase, the site will be able to reach its full potential, producing fuel cells with a capacity of more than one gigawatt per year.
Read the full exclusive here.