Teco 2030 signs supply frame agreement with Chemgas Shipping
The fuel cells will be installed both on the tugboats and barges used to ship green hydrogen from Romania to Austria and Germany.
Norway maritime cleantech company Teco 2030 Asa today (14th October) has signed a fuel cell supply agreement with the Dutch shipowner Chemgas Shipping BV.
The agreement covers the delivery of fuel cell modules to Chemgas new hydrogen-powered tugboats and transport barges, which will operate on the river Danube. The deal could lead to the delivery of fuel cell modules with a combined capacity of up to 200 MW.
Chemgas aims to install Teco fuel cell modules on 120 transport barges and between 40-60 tugboats. Details about the number of units, prices and delivery time for the fuel cells will be signed for each ship over the next few years.
The first fuel cell delivery is planned for delivery in spring 2023 under a pilot project. Deliveries will continue over the following years, with most of them planned to be delivered after 2025.
The vessels installed with fuel cell modules will be used to transport green hydrogen produced in Romania along the Danube to Austria and Germany as part of the Green Hydrogen @Blue Danube project.
@Blue Danube project is led by the Austrian energy utility Verbund and is potentially Europe’s most ambitious hydrogen project developed under the European Commission’s Important Projects of Common European Interest (IPCEI) initiative. The first phase of the project focuses on the production and use of green hydrogen in Austria and in the southern part of Germany, where the second phase will focus on the production of green hydrogen from renewable electricity in south-eastern Europe.
Teco and Chemgas Shipping are among the partners involved in the project, and the letter of intent between the two companies for the delivery of fuel cells was signed in September 2020.
Tore Enger, CEO of TECO 2030, said, “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.”
Gunther Jaegers, managing partner of Chemgas Shipping, commented, “The TECO 2030 marine fuel cell is the proper solution for inland waterway navigation. We have to deal with low water situations where heavy batteries are not acceptable.”
Last week, Teco also signed an MoU with Singapore’s Offshore Technology Development (OTD) to provide TECO 2030’s cleantech products for the maritime industry. As part of the agreement, OTD will offer TECO 2030’s cleantech products, such as hydrogen fuel cells, carbon capture and storage (CCS) solutions and exhaust gas cleaning systems to its clients within the maritime sector.
