ACCESS Newswire

TECO 2030 ASA

25.11.2021 07:01:35 CET | ACCESS Newswire | Press release

Share
TECO 2030 is Leading a Project Group That Will Build A Hydrogen-Powered High-Speed Vessel For The Port of Narvik

The Port of Narvik in northern Norway needs a new workboat which should be both fast and emissions-free. Together with eight project partners, they are now seeking public funding to build one of the world's first hydrogen-powered, high-speed vessels.

LYSAKER, NORWAY / ACCESSWIRE / November 25, 2021 / The boat will be equipped with hydrogen fuel cells from TECO 2030 and will be built by the shipyard Grovfjord Mekaniske Verksted (GMV), which is located near Narvik.

To view this piece of content from www.accesswire.com, please give your consent at the top of this page.

When completed, the boat will replace one of the port's diesel vessels. As a result, the Port of Narvik will be able to reduce both its diesel consumption and its CO2 emissions significantly.

"A new hydrogen-powered workboat will put the Port of Narvik in a unique position, where we will reduce our own emissions and use pioneering technology that will become important for both national and international shipping in the years to come," says Børge Edvardsen Klingan, Port Director at the Port of Narvik.

"This project will contribute to economic growth and development in Narvik and its surrounding regions and will also be an important contribution to the green transition in the maritime industry. We are very happy that we are able to take the lead in reducing emissions from ships," Klingan says.

The boat is planned to be completed in 2023. The Port of Narvik will mainly use it for keeping an overview of the port and the activities there, for emergency preparedness, and for teaching and training of crews.

The Port of Narvik aims to get the boat classified as a long-range, high-speed passenger vessel, and the plan is that it should be able to keep a pace of 23 knots.

The vessel's fuel cells will be produced in Narvik

The fuel cells that will ensure the boat's propulsion will be produced at the TECO 2030 Innovation Center in Narvik and will enable it to operate emissions-free. The boat will be one of the first vessels that will get fuel cells from TECO 2030 installed.

"We are thrilled that the Port of Narvik plans to build a hydrogen high-speed boat which will be powered by fuel cells from TECO 2030. We are looking forward to working on this project, and we are happy and grateful that the Port of Narvik has chosen TECO 2030 as supplier of fuel cells to their new hydrogen vessel," says Tore Enger, CEO of TECO 2030 ASA.

"Now we only need to get support for this project by the Norwegian state enterprise Enova. Everything else has already been prepared, and we are ready to get to work. Hydrogen will be key to reducing greenhouse gas emissions from the maritime industry, but the development of hydrogen technology for ships and other hydrogen infrastructure requires large resources," says Enger.

"We hope that the Norwegian government will stand by their promise to promote the development of climate and environmentally friendly shipping, and that we will therefore receive support from Enova for this project," he adds.

UiT in Narvik is a research partner in the project

TECO 2030 has signed an agreement with UiT The Arctic University of Norway - which has a campus in Narvik - to cooperate on enhancing research and education in Norway on hydrogen and fuel cells.

UiT Narvik will therefore participate in the project as a research partner, with the aim of gaining expertise in maritime hydrogen systems. This will ensure that they can provide education that will enable their students to become valuable potential, future employees of the partners in the project.

The maritime engineering company BLOM Maritime, the hydrogen supplier Everfuel, the consultancies Proactima and KUPA, and the company Norinnova Narvik, which specialises in commercialising research results, are also partners in the project.

BLOM Maritime and Proactima will contribute to the development of the boat. BLOM Maritime will provide technical assistance to Grovfjord Mekaniske Verksted during the building of the boat, and Proactima will be responsible for risk assessments and analyses to ensure that it will be safe to use.

Knowledge dissemination will be an important part of the project, and KUPA will focus on disseminating the knowledge about hydrogen boats that will be developed during the boat's building and testing phase. KUPA is leading a maritime technology cluster in Norway and will pass on lessons learned in the project to its members.

Hydrogen filling station for ships and road transport

The hydrogen boat will become Narvik's first hydrogen consumer and will need to be refuelled on a regular basis. The project therefore also involves the establishment of a hydrogen filling station.

Everfuel will seek to develop this filling station. The company is currently working to establish hydrogen filling stations for trucks, buses and other heavy-duty transport all across Norway.

Other users of the port will also be able to use the planned filling station in Narvik. About 500 trucks drive through the city every day, and the filling station will therefore not solely be intended to cater for sea traffic.

The goal is that it will become the world's first hydrogen filling station that can serve both ships and road traffic, and that its establishment will make it possible for more companies and people in the region to switch to climate-friendly hydrogen.

Everfuel will now, together with UiT and Norinnova Narvik, work to find possible new hydrogen users within the municipality and county municipality, such as buses, waste collection vehicles and taxis.

Hydrogen fuel cells: The engines of tomorrow

TECO 2030 is developing hydrogen fuel cells together with the Austrian powertrain technology company AVL. Hydrogen fuel cells are the engines of tomorrow and convert hydrogen into electricity while emitting nothing but water vapour and warm air.

By installing fuel cells, ships and other heavy-duty applications that are powered by diesel engines or generators can switch from fossil fuels to hydrogen and reduce their greenhouse gas emissions to zero.

Hydrogen fuel cells can also be used during port-stay, loading and discharging, enabling zero-emission operation at berth, without having to connect the ship to an onshore power supply.

Green transition in the maritime industry

Norway aims to reduce emissions from domestic shipping by at least 50% by 2030, compared with 1990. This target should be reached through a stronger focus on the development of low- and zero-emission solutions, and by setting emission requirements for ships operating on Norwegian fjords.

Norway plans to introduce requirements for low- and zero-emission solutions in public tenders to speed up the green transition in the maritime industry. Such requirements will be introduced in 2023 in new public tenders for ferry connections, and in 2025 for high-speed vessels.

Moreover, from 2026 only zero-emission cruise ships and ferries will be allowed entry into the Norwegian world heritage fjords.

Ships operating in Norwegian waters will therefore have to reduce their emissions and become more climate-friendly, and TECO 2030 will help them with that.

TECO 2030 is delivering technology that helps ships to reduce their environmental and climate impacts. In addition to hydrogen fuel cells, the company is developing carbon capture and exhaust gas cleaning systems for the maritime industry, which will enable ships running on fossil fuels to reduce their environmental and climate footprints.

For more information, please contact:

Port of Narvik: Børge Edvardsen Klingan, Port Director, Port of Narvik. +47 916 39 906, bek@narvikhavn.no

TECO 2030: Tore Enger, CEO of TECO 2030 ASA. +47 920 83 800, tore.enger@teco2030.no

SOURCE: TECO 2030 ASA



View source version on accesswire.com:
https://www.accesswire.com/674611/TECO-2030-is-Leading-a-Project-Group-That-Will-Build-A-Hydrogen-Powered-High-Speed-Vessel-For-The-Port-of-Narvik

To view this piece of content from www.accesswire.com, please give your consent at the top of this page.

About ACCESS Newswire

DK

Subscribe to releases from ACCESS Newswire

Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from ACCESS Newswire

As the UK Backs Life Sciences and Advanced Manufacturing, US PMO Firm MustardSeed Moves In to Help Deliver It16.7.2026 11:00:00 CEST | Press release

The expansion reflects growing client demand for embedded programme management support across highly regulated industries. WEST CHESTER, PA AND MANCHESTER, UK / ACCESS Newswire / July 16, 2026 / The UK Government's 2025 Modern Industrial Strategy has put life sciences, advanced manufacturing, defence, and clean energy at the centre of Britain's growth agenda. MustardSeed, a US-based programme management and PMO consultancy, is launching UK operations to help organisations in those sectors deliver on that ambition. The 2025 Modern Industrial Strategy names life sciences and advanced manufacturing among its eight priority sectors, alongside defence and clean energy. These are industries defined by complex, regulated, multi-stakeholder programmes where disciplined execution directly determines commercial and operational outcomes. MustardSeed, headquartered in West Chester, Pennsylvania, has built its practice around delivering that execution. The firm announced today the launch of its UK

Akkodis Recognized in the 2026 Gartner(R) Emerging Market Quadrant for Physical AI Services16.7.2026 06:45:00 CEST | Press release

Akkodis continues to advance full-stack engineering expertise and industrial-grade AI deployments. ZURICH, SWITZERLAND / ACCESS Newswire / July 16, 2026 / Akkodis, a global digital engineering consulting company and part of the Adecco Group, has been recognized as a Specialist in the Gartner Emerging Market Quadrant for Physical AI Services (PAIS), published on June 8, 2026. Physical AI services address the complex challenge of designing, developing, deploying and operating AI‑enabled physical systems - such as robots, autonomous systems including, vehicles, drones and industrial infrastructure - in real‑world environments. The Gartner report states "The PAIS market is moving from exploratory experimentation toward operational reliability at scale. This trend is driven by mounting labor constraints, safety requirements, infrastructure modernization and advances in AI, simulation and automation technologies." Full‑stack Physical AI capabilities with real‑world impact and measurable outc

Loar Holdings Inc. Announces Date and Time for Second Quarter 2026 Earnings and Conference Call15.7.2026 22:15:00 CEST | Press release

WHITE PLAINS, NY / ACCESS Newswire / July 15, 2026 / Loar Holdings Inc. (NYSE:LOAR) will report Q2 2026 earnings before the market opens on Thursday, August 6, 2026. A conference call will follow at 11:00a.m. Eastern Time. To participate in the call telephonically please dial +1 877-407-0670 / +1 215-268-9902. International participants can find a list of toll-free numbers here. A live audio webcast will also be available at the following link as well as through the Investor section of Loar Holdings website: https://ir.loargroup.com The webcast will be archived and available for replay later in the day. About Loar Holdings Inc. Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components that are essential for today's aircraft and defense systems. Loar has established relationships across leading aerospace and defense original equipment manufacturers and Tier Ones worldwide. Contact Ian McKillop Loar Holdings Inc. Investor Relations IR@loargro

Fermi Outlines Strategic Rationale for Upsized $431 Million Convertible Notes Offering15.7.2026 14:30:00 CEST | Press release

Flexible convertible structure with shareholder-friendly capped call minimizes dilution Proceeds strengthen liquidity in midst of customer and partner negotiations and preserve Fermi's speed-to-power advantage Attractive five-year cost of capital provides run room to advance multiple commercial tracks in parallel DALLAS, TX / ACCESS Newswire / July 15, 2026 / Fermi Inc. (Nasdaq:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), outlined today the strategic rationale for its recently closed and upsized offering of $431.25 million aggregate principal amount of 5.00% Convertible Senior Notes due 2031 (the "Notes"), which included the exercise in full of the initial purchasers' 13-day option to purchase up to an additional $56.25 million aggregate principal amount of Notes. The Notes are intended to strengthen Fermi's balance sheet, enhance liquidity, and support continued execution of Project Matador as the Company advances tenant, strategic partnership, and power-de

Innodata to Report Second Quarter 2026 Results15.7.2026 14:30:00 CEST | Press release

NEW YORK CITY, NY / ACCESS Newswire / July 15, 2026 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Second Quarter 2026 results after the market closes on Thursday, August 6, 2026. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com. Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day. The call-in numbers for the conference call are: (+1) 800 715 9871 North America, Toll Free (+44) 800 358 0970 United Kingdom (+1) 646 307 1963 International Participant Access Code 3150581 For Replay: (+1) 800 770 2030 North America-Toll Free (+44) 203 433 3849 (+1) 609 800 9909 United Kingdom International Playback ID 3150581# Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/. Please note that the Webcast feature will be in listen-only

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye