The company is aiming to develop a giga hydrogen-based fuel cell factory in Norway
The facility would be able to produce fuel cells with a capacity of 1,200 megawatts per year. ‘This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry,’ said Tore Enger, CEO of TECO 2030.
He continued: ‘We are optimising fuel cells from the bottom up for heavy-duty marine use.’
TECO 2030 is already working on fuel cell development with Austrian engineering company AVL, and AVL will also contribute to the planning and construction of the factory. The partnership with AVL has already resulted in bringing the TECO Future Funnel, an exhaust gas cleaning system, to production and the intention is to start fuel cell production in 2022.
TECO 2030 has already established partnerships with the Austrian electricity company Verbund, the Dutch inland shipping company Chemgas, and the Dutch shipyard Thecla Bodewes. TECO 2030 says it will continue forging such partnerships as a platform for the energy transition in the marine industry.
The location of the new fuel cell production facility has yet to be chosen but TECO 2030 is focusing on Eastern Norway, such as in Viken, Vestfold or Telemark counties.
Expected project investment is close to €100 million over a 10-year timeframe. The company says that financing alternatives are being evaluated and, through the Norwegian state enterprise Enova, it has applied for support under the IPCEI Hydrogen program.