TECO 2030 is set to develop hydrogen fuel cell solutions with the Norwegian subsidiary of a multinational company active in the infrastructure sector.
Announced today (16th April), the new partnership will develop the solutions based on TECO 2030’s technology over a five-year period, expanding on TECO 2030’s portfolio.
Based in Norway, TECO 2030 recently developed first the country’s first fuel cell gigafactory, in Norvik, which it believes will spearhead hydrogen infrastructure in the region.
TECO 2030 hopes the gigafactory will 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.
Once fully operational, the plant will be able to produce fuel cells with a capacity of more than 1GW per year, equivalent to several billion NOK annual turnover.
TECO 2030 additionally completed the feasibility and concept study for new marine fuel cells with AVL List and have now moved onto the new stage of its development.
Norway’s first fuel cell gigafactory: TECO 2030 CEO reveals all
Want to learn more about TECO 2030’s new gigafactory?
H2 View’s Molly Burgess spoke with Tore Engor, CEO of TECO 2030.
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.
Want to continue reading? Access the full interview here.