TECO 2030 to set up factory for production of hydrogen-based fuel cells
TECO 2030 plans to establish Norway's first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway.
Fuel cells convert hydrogen into electricity with water vapor and hot air as the only emissions. TECO 2030 develops fuel cells for heavy transport, primarily shipping, and these will help reduce greenhouse gas emissions from ships.
Through the initiative in Narvik, the company contributes to the Norwegian government's ambition that Norway should build a complete value chain for the utilization of hydrogen as an energy carrier.
"We plan to establish a combined innovation center and factory in Narvik. The plant will be able to produce fuel cells with a capacity of more than one gigawatt per year, equivalent to several billion NOK of annual turnover," said Tore Enger, CEO of TECO 2030.
Investment and employment
The plan calls for a gradual increase of the plant’s capacity. Work on the site is planned to start in 2021, and the first production is expected next year. Total investments of up to NOK 1 billion are expected over a ten-year period.
During this period, up to 500 jobs may be created in Narvik within development, pilot production and full-scale industrial production. TECO 2030 expects to have 100 employees at the factory by the end of 2025. The development of the technology is done in collaboration with the Austrian technology company AVL, which will also contribute to the planning and construction of the proposed facility.
See the video showing the vision of TECO 2030 Giga Fuel Cell Innovation Center: https://youtu.be/Q82vVVTH28c