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TECO 2030 RECEIVES GOVERNMENT AID FOR FUEL CELL PRODUCTION

TECO 2030 RECEIVES GOVERNMENT AID FOR FUEL CELL PRODUCTION

Friday, September 24, 2021 

Norwegian company Teco 2030 has been granted up to NOK 5.4m in indirect government support for developing its first semi-automated production line for hydrogen fuel cells at its new fuel cell factory and innovation centre in Narvik in northern Norway.

The support has been granted through the Research Council of Norway’s Skattefunn scheme, which is a tax deduction scheme designed to stimulate research and development (R&D) activities in Norwegian companies. It provides indirect support in the form of tax deductions on costs related to implemented research and development activities. This is Teco 2030’s second successful Skattefunn application, following a carbon capture project earlier in the month.

CEO Tore Enger said: “We are currently in the process of setting up a combined innovation center and factory in Narvik in northern Norway, where we will produce hydrogen fuel cells. Hydrogen fuel cells are the engines of tomorrow and convert hydrogen into electricity while emitting nothing but water vapour and warm air. We are very pleased and grateful for the support we have now received from the Research Council of Norway to this end. With their support, we will start pilot production of fuel cells at our new factory in the second half of 2022.” 

Teco 2030 is developing fuel cell technology in cooperation with the Austrian powertrain technology company AVL, which is contributing to the planning and establishment of the combined fuel cell factory and innovation centre in Narvik. The Teco 2030 Marine Fuel Cell is the first fuel cell system that is specifically designed for use onboard ships and other heavy-duty applications. By exchanging one or more of their engines with a Teco 2030 Marine Fuel Cell, ships can switch from fossil fuels to hydrogen and reduce emissions to zero.

Teco 2030 plans to produce fuel cells with a total capacity of 10 MW at the factory in 2022 and intends to gradually scale up the plant’s output over the following years.

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