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TECO 2030 SIGNS FUEL CELL AGREEMENT WITH CHEMGAS

TECO 2030 SIGNS FUEL CELL AGREEMENT WITH CHEMGAS

Thursday, October 14, 2021 

Norwegian company Teco 2030 has signed a supply frame agreement with Dutch shipowner Chemgas Shipping, which Teco 2030 believes could lead to the delivery of fuel cell modules with a combined capacity of up to 200MW.

The modules are to be installed on Chemgas Shipping’s new hydrogen-powered tugs and transport barges which will operate on the Danube, Europe’s second longest river and the longest river in the EU. The fuel cells will enable these boats to sail emissions-free.

Chemgas Shipping plans to install fuel cell modules from Teco 2030 on up to 120 transport barges and between 40-60 tugs. The exact number remains to be decided, and purchase orders outlining the price and delivery time for the fuel cells will be signed for each individual ship over the next few years.

Teco 2030 CEO Tore Enger said: “We are thrilled that Chemgas Shipping has chosen to cooperate with Teco 2030 on this ambitious and important project, and that we have now been able to progress from a letter of intent to a supply frame agreement. The economic potential of this framework agreement is large for Teco 2030 and may lead to revenues of up to €150m over the next three to eight years.”

The vessels on which the fuel cell modules are planned to be installed will be used to transport green hydrogen produced from solar and wind energy in Romania emissions-free along the Danube to industrial buyers in Austria and Germany as part of the 'Green Hydrogen@Blue Danube' project, which is led by the Austrian energy utility Verbund, one of Europe’s biggest hydropower producers. It is being developed within the framework of the European Commission’s Important Projects of Common European Interest (IPCEI) initiative. The project’s goal is to create a trans-European green hydrogen value chain – from production and transportation to purchase by industrial and mobility customers. The first phase of the project focuses on the production and use of green hydrogen in Austria and in the southern part Germany. The second phase will focus on the production of green hydrogen from renewable electricity in south-eastern Europe. Here, wind, solar and hydropower will be converted into hydrogen which will then be transported along the Danube River to industrial users in Austria and Germany.

Teco 2030 and Chemgas Shipping are among the partners involved in the project, and the first fuel cell delivery, a pilot version, is planned to take place in spring 2023. Deliveries will continue over the following years, with most planned to occur after 2025. The fuel cells will be installed both on the barges that will be used to transport green hydrogen from Romania to Austria and Germany, and on the tugs that will transport these barges along the Danube.

“The Teco 2030 marine fuel cell is the proper solution for inland waterway navigation. We have to deal with low water situations where heavy batteries are not acceptable,” said Gunther Jaegers, managing partner, Chemgas Shipping.

The Teco 2031 hydrogen fuel cell, said to be the first specifically designed for maritime applications, is being developed in conjunction with Austrian powertrain technology company AVL. The Teco 2030 Marine Fuel Cell System and Fuel Cell Module FCM400TM have received AiP from DNV.

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