Teco 2030 News

All Teco 2030 news can be found here:

Triggerlist

  • TECO Group has many contacts in the industry and a good reputation
  • AVL Cooperation on Fuel Cell Development -> 20 years experience in the fuel cell development, already outperforming competitors
  • AVL Cooperation on Future Funnel -> unique add-on technology for PM, BC, NOx and CO2
  • Dole - delivered 8 BWTS, maybe soon customer for Future Funnels?
  • Letter of Intent for Fuel Cell Delivery for unknown customer - could be a big fish?
  • Part of Blue Danube Project (delivering Fuel Cells for Chemgas Tugboats) - big partners in the project (e.g. Siemens Energy, VERBUND, Bosch, DB Schenker)
  • Possible Fuel Cell delivery in Deep Purple Project via Slattland Group
  • TECO secured additional Future Funnel production capacity (Gothe Edelstahl 60-80 Future Funnels per year + Slattland - unknown production capacity) -> Expectation of high sales from Future Funnels
  • Gothe Edelstahl is a recognized steel manufacturer with extensive experience in building over 40 scrubbers to different customers.
  • Government Regulations and IMO (e.g. Norway Fjords, MEPC 76)
  • Cooperation with Implenia Norge AS - subsidiary of Implenia AG (Norway wants all traffic construction sites to be zero emission from 2025)

TECO 2030 reaches new milestone: Has been granted up to NOK 4 million in tax relief for carbon capture development

09.09.2021:  TECO 2030 (OSE: TECO) has reached a new milestone: The company has been granted up to NOK 4 million in tax relief as indirect government support for developing solutions that will capture CO₂ in the ship exhaust and store it until the ship reaches port.  

Everfuel to deliver green hydrogen to fuel cells developed by TECO 2030 

31.08.2021: TECO 2030 has signed a strategic cooperation agreement with the leading European hydrogen supplier Everfuel for the delivery of green hydrogen to fuel its fuel cells and fuel cell generators. This will enable decarbonisation of hard-to-decarbonise areas, such as construction sites. 

TECO 2030 signs agreement with Greenstat to cooperate on developing a hydrogen value chain 

17.08.2021:   TECO 2030 has signed a letter of intent with Norwegian energy company Greenstat to cooperate on relevant projects with the aim of developing a complete hydrogen value chain. 

TECO 2030 publishes its results for H1 2021

13.08.2021:  Norwegian cleantech company TECO 2030 ASA saw its revenues increase to NOK 10.8 million in the first half of 2021, up from zero in the same period last year, mainly due to the sale of ten ballast water treatment systems. 
 

TECO 2030’s consolidated earnings before interests, taxes, depreciations and amortisations (EBITDA) were negative in the first half of 2021, and amounted to NOK -20 million, down from NOK -5.1 million in the same period in 2020. 

The results are as expected and in line with the company’s development plan, according to Tore Enger, CEO of TECO 2030 ASA. 

TECO 2030 ASA receives order from OCEANBAT

07.07.2021: TECO 2030 ASA (OSE: TECO) has received an order for 1 TECO 2030 Ballast Water Treatment System (BWTS) from OCEANBAT, worth approximately NOK 2.35 million. 

TECO 2030 and Implenia have been awarded public funding for developing zero-emission construction site solutions

06.07.2021:   Cleantech company TECO 2030 and infrastructure contractor Implenia Norway have been granted funding by the Norwegian state enterprise Enova to jointly develop and pilot hydrogen-powered solutions that will eliminate emissions at construction sites. The support granted by Enova amounts to NOK 15.6 million and will be provided over a period of 2.5 years, from September 2021 until the end of December 2023. 

TECO 2030 Share capital increase registered

02.07.2021:  Reference is made to the announcement by TECO 2030 ASA on June 23rd 2021 regarding the private placement. The share capital increase pertaining to the issuance of the new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 1,272,446.44 divided into 127,244,644 shares, each with a nominal value of NOK 0.01. 

TECO 2030 moves into its new giga factory for fuel cell production in northern Norway 

01.07.2021: The Norwegian cleantech company TECO 2030, which is developing solutions to help cut emissions from ships and other heavy-duty applications, has today taken over the building that will become home to its new fuel cell giga factory in Narvik in northern Norway. 

TECO 2030 ASA has commenced trading on the U.S. OTCQB Venture Market 

30.06.2021:  TECO 2030 ASA has been approved to trade on the U.S. OTCQB Market under ticker symbol TECFF, making the company’s shares more accessible to American investors. 

TECO 2030 ASA raises NOK 20 million through a private placement 

23.06.2021: TECO 2030 ASA (the "Company" or "TECO 2030") is pleased to announce that it has raised NOK 20 million through a private placement of 3,244,644 new shares, which took place after the market closed yesterday. 

The shares were issued at a price of NOK 6.164 per share to three investors, who until today were not invested in the Company.

TECO 2030 to cooperate with Chart Industries

14.06.2021: (Lysaker, Norway and Atlanta, GA, June 14, 2021) TECO 2030 ASA (OSE: TECO) has signed a Memorandum of Understanding with Chart Industries, Inc. ("Chart") (NYSE: GTLS) to jointly develop technological solutions that will capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form. 


New TECO 2030 concept enables ships to sail into port emissions-free

 02.06.2021:  TECO 2030 ASA (OSE-Ticker: TECO) has today launched its Zero Emissions Operation Concept, which will enable ships to sail in and out of ports emissions-free by exchanging one or more of their engines with a TECO Marine Fuel Cell. 

TECO 2030 ASA (OSE-Ticker: TECO) has today released its Sustainability Report 2020.

 18.05.2021: This is TECO 2030's first sustainability report and covers the reporting period 1st January to 31st December 2020. The report is inspired by the WEF IBC common metrics, the GRI Standards and the Euronext guidance on ESG reporting of January 2020. We intend to continue to communicate our sustainability performance annually, with implementing defined sustainability measures. We aim to be transparent about our operations and we will therefore further develop our reporting by including additional disclosures, such as climate data. The ESG report can be found on the company's website: https://teco2030.no/wp-content/uploads/2021/05/TECO-2030-Sustainability-Report-2020.pdf

TECO 2030 ASA engages Norne Securities as Market Maker

 07.05.2021:    TECO 2030 has signed with Norne Securities AS as market maker. TECO 2030 ASA has entered into a market making agreement with Norne Securities AS with effect from May 7th 2021. The purpose of the agreement is to increase the liquidity of the shares of the company. The agreement is in accordance with the standard requirements of Euronext Oslo Stock Exchange. 

TECO 2030 ASA: Carbon Capture feasibility study completed, and we are moving on 

 05.05.2021:   TECO 2030 ASA (OSE-Ticker: TECO) completes Carbon Capture and Storage (CCS) feasibility study with AVL. 

TECO 2030 ASA releases Q1 2021 Report 

28.04.2021:  TECO 2030 ASA (OSE-Ticker: TECO) releases its unaudited financial Q1 2021 report. 

TECO 2030 launches newly developed hybrid/closed loop Future Funnel

21.04.2021: TECO 2030 ASA (OSE-Ticker: TECO) is proud to announce that the TECO 2030 Future Funnel has been further developed and now offers hybrid and closed loop alongside the already existing open loop.

TECO 2030 to cooperate with Implenia Norge AS on eliminating emissions at construction sites 

19.04.2021:TECO 2030 ASA (OSE-Ticker: TECO) has signed a cooperation agreement with infrastructure contractor Implenia Norge AS to jointly develop and pilot hydrogen powered construction site solutions. 

TECO 2030 signs cooperation agreement

16.04.2021: TECO 2030 ASA (OSE-Ticker: TECO) has signed a cooperation agreement with the Norwegian subsidiary of a multinational company active in the infrastructure sector. The parties will develop fuel cell solutions based on TECO 2030's technology over a five-year period. 

 

TECO 2030 and AVL move along with maritime Carbon Capture feasibility study 

 12.04.2021:  TECO 2030 ASA (OSE-Ticker: TECO) moves along with Carbon Capture and Storage (CCS) feasibility study with AVL List GmbH. The study will focus on vessel capabilities and robustness of the technology. 

 

TECO 2030 ASA Marine Fuel Cell Development Update 

26.03.2021: TECO 2030 ASA (OSE-Ticker: TECO) has successfully completed the feasibility and concept study for Marine Fuel Cells together with its partner AVL List GmbH. The company is now moving over to the next phase of Maritime Fuel Cell development, all according to its Fuel Cell Development Roadmap. 

TECO 2030 ASA receives the 8th order from DOLE 

24.03.2021: TECO 2030 ASA has received an order for 1 additional TECO Ballast Water Treatment System for DOLE - "the largest refrigerated containerized fleet in the world". This ecosystem protection solution order, was landed by TECO 2030's team in Miami, USA, and is worth approximately NOK 1.5 million. This proves TECO 2030's position in the market as a preferred BWTS partner and this will be the 8th DOLE Vessel with a TECO 2030 BWTS onboard. 

TECO 2030 ASA receives a new order

17.03.2021: TECO 2030 has received an order for 1 additional TECO Ballast Water Treatment Systems powered by DESMI from DOLE - "the largest refrigerated containerized fleet in the world". This ecosystem protection solution order, was landed by TECO 2030's team in Miami, USA, and is worth approximately NOK 1.5 million. This proves TECO 2030's position in the market as a preferred BWTS partner and this will be the 7th DOLE Vessel with a TECO 2030 BWTS onboard.