(Narvik / Norway) – The Norwegian company Teco 2030 has taken over the building, which will be expanded into the fuel cell giga factory in Narvik, Norway. The property previously housed solar cell production for the Renewable Energy Corporation (REC), which closed the factory as part of a restructuring. Teco wants to make Narvik “Norway’s new Hydrogen capital" make.
According to the information, the building belongs to the real estate company Teknologiveien Eiendom AS, which rents it to Teco 2030 ASA under a long-term lease with an option to purchase. It is “ultra-modern and ready for immediate use,” says Erling Hoftun, chairman of Teco 2030 Innovation Center AS. “We will now evaluate over the next few months what we can use of the existing infrastructure there before detailed planning of the facility begins in the fall.”
Teco 2030 is developing the fuel cell technology in collaboration with the Austrian drive technology company AVL, which will also contribute to the planning and construction of the combined factory and innovation center in Narvik. Employees are expected to be hired for the plant in the first half of next year, and manual pilot production of fuel cells will begin in 2022.
Teco 2030 announced in March that it would build its planned fuel cell giga factory and innovation center in northern Norway. There is great support from the community. Teco 2030 says it is currently examining various financing alternatives for the giga factory and the innovation center, including the possibility of obtaining public funding for the project.
500 new jobs for Narvik
Over the next ten years, Teco 2030 expects total investments in the Narvik plant of up to one billion crowns (98 million euros). Up to 500 new jobs could be created there during this period.
The company plans to employ around ten people at the facility at the end of 2022 and around 2025 by the end of 100. As many of them as possible would be recruited locally. Next year, the factory will produce fuel cells with a total output of ten megawatts, and then 2030 gigawatts by 1,2, which will lead to annual sales of several billion crowns.
If ships replace their diesel engines with these fuel cells, this would reduce CO2 emissions by around four million tons annually, which, according to figures from the US Environmental Protection Agency, corresponds to the total annual emissions of around 870.000 cars.
Teco 2030 ASA was founded in autumn 2019 and aims to become one of the leading providers of emission-free technology for ships. The headquarters is in Lysaker, just outside the Norwegian capital Oslo. The company, which currently has 20 employees, has its roots in the Teco Maritime Group, which has been providing technology and services to the global shipping industry since 1994.
deep link
https://teco2030.no
Photos
Teco 2030 has taken over its new halls / © Teco 2030
