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TECO 2030 and partners to receive EUR 13.5 million Horizon Europe grant for passenger ferry project

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Monday, July 24, 2023
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LYSAKER, Norway, July 24, 2023 (GLOBE NEWSWIRE) -- TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) with partners have been invited for HORIZON EUROPE funding of EUR 13.5 million to build and demonstrate a passenger ferry powered by TECO 2030 fuel cells.

Key Points: 
  • LYSAKER, Norway, July 24, 2023 (GLOBE NEWSWIRE) -- TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) with partners have been invited for HORIZON EUROPE funding of EUR 13.5 million to build and demonstrate a passenger ferry powered by TECO 2030 fuel cells.
  • The grant amount reserved for TECO 2030 is EUR 2.3 million.
  • The project was among the highest-scoring proposals of this Call and has now been invited for Horizon Europe Grant Agreement Preparation.
  • This project has the potential to enable seaborn passenger transport, without any emissions,” said Tore Enger, Group CEO, TECO 2030.

TECO 2030 Signs Supply Frame Agreement with Chemgas Shipping

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Thursday, October 14, 2021
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LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.

Key Points: 
  • LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.
  • Chemgas Shipping plans to install fuel cell modules from TECO 2030 on up to 120 transport barges and between 40-60 tugboats.
  • "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," says Tore Enger, CEO of TECO 2030 ASA.
  • "The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to 150 million Euros over the next three to eight years," Enger adds.