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TECO 2030 AND GREENSTAT UNITE IN HYDROGEN VALUE CHAIN PROJECT

TECO 2030 AND GREENSTAT UNITE IN HYDROGEN VALUE CHAIN PROJECT

Tuesday, August 17, 2021 

Norwegian companies Teco 2030 and energy specialist Greenstat have signed a letter of intent, aiming to cooperate on relevant projects leading to the development of a complete hydrogen value chain.

As part of the agreement, the two parties will discover, evaluate and participate in various as-yet unspecified projects, for which Greenstat will provide green hydrogen to be used as fuel for the fuel cells developed by Teco 2030.

Teco 2030 CEO Tore Enger said: “With the signing of the letter of intent with Greenstat, we have reached a milestone towards building complete infrastructure hydrogen projects. Together with Greenstat, we are working towards our common goal of creating a zero-emission future, and we will aim to promote each other’s services towards the hydrogen community.”

Vegard Frihammer, GEO/CEO Greenstat said: “At Greenstat we are proud to work with an ambitious partner like Teco 2030. We strongly believe in collaboration throughout the value chain to accelerate the introduction of hydrogen as an energy carrier across different sectors.

Teco 2030 regards hydrogen fuel cells as the engines of tomorrow, operating by converting hydrogen into electricity while emitting nothing but water vapour and warm air.

Green hydrogen is produced with renewable energy such as electricity from wind turbines and solar panels. When ships or other large applications replace their traditional combustion engines running on fossil fuels with fuel cells fuelled by green hydrogen, they can become completely emissions-free.

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