TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
14.6.2024 07:00:00 CEST | TECO 2030 ASA | Non-regulatory press releases
(Lysaker, Norway, June 14th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN:NO0010887516) together with BLOM Maritime and Samskip receive a grant for apre-project aiming to retrofit Samskip's vessel Kvitnos with TECO 2030 fuelcells and hydrogen fuel.
This innovative project aims to significantly reduce emissions from thisLNG-fueled vessel, which currently operates on a weekly multipurpose servicefrom Rotterdam, The Netherlands and along most of the Norwegian coastline toHammerfest. By switching to zero-emission hydrogen technology, these partnersjoin in their goal of reducing greenhouse gas emissions.
The goal of the project is to prepare for an investment decision to retrofitKvitnos. The project also aims to facilitate long-term hydrogen fuel supplycontracts due to the vessel's fixed route.
Blom Maritime will support naval architects, piping engineers and structuralengineers to produce the documentation needed to obtain preliminary approvalofthe fuel cell and hydrogen solution. Blom Maritime has its main expertise inengineering for retrofitting solutions, a great strength for this project.
Samskip is a multimodal logistics company, offering transport services byland,sea, rail and air around the world. The group has an annual turnover of EUR900million, and currently has offices in 24 countries and a network covering 35countries. Samskip has already one hydrogen powered container vessel underconstruction in the SeaShuttle project. This new retrofit project with Kvitnosmay become Samskip's second hydrogen project.
Sustainability lies at the center of Samskip as a company. Samskip iscommittedto seize every opportunity to become Net-Zero by 2040. This project representsan opportunity to greatly reduce, or even eliminate, all emissions from one ofour existing vessels.
Samskip Regional Director Norway and Sweden - Are Grathen: "With the deliveryofour LNG propelled multipurpose vessels back in 2015, Samskip already offeredoneof the world's most environmentally friendly cargo ships, which eliminated SOxemissions while drastically reducing NOx and CO2 emissions. With this grantfromEnova, and in close cooperation with fuel cell provider TECO 2030.
We will continue our endeavor to enable full zero emission propulsion which inturn will further pave the way for our H2-propelled new-builds coming out nextyear and bring us closer to our net-zero targets for 2040."
Samskip Head of Fleet Management - Erik Hofmeester: "Samskip embraces everyopportunity to reduce CO2 emissions either through using biofuels, CO2capture-systems, shore-power, innovative newbuilding vessels , and now alsointoretro-fits solutions.
Using the power take in device (PTI) driving the propellor with green energy,allowing our existing vessels to sail and maneuver emission-free in theNorwegian Fjords and other coastal areas."
"This grant shows our capability to help our clients secure public funding forsmaller pre-studies, this means they can focus on progress towards theirultimate goals of zero emission shipping. Our fuel cell technology is a greatmatch for retrofitting the existing fleet to operate with environment friendlypropulsion along the coast," says Tore Enger, Group CEO, TECO 2030.
About Samskip
Samskip offers pan-European, environmentally responsible combined transportservices via shortsea, road, rail and inland waterway routes. We are committedto cost-effectiveness, operational excellence and best practice in sustainabletransport. High frequency services connect destinations across Europe, theBaltic States, Iceland and Faroes Island, both door-to-door (includingcollection) and quay-to-quay, transported using a wide range of owned vessels,containers, trucks and trailers.
CONTACTS
* Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no
ABOUT TECO 2030 ASA
About TECO 2030:
TECO 2030 is building up Europe's first Giga production facility of hydrogenPEMfuel cell stacks and modules in Narvik, Norway. The production capacity willbebuilt up through 2024 and 2025, targeting a production output capacity of upto200 MW of fuel cells in 2025, increasing to gigawatt in 2030.
TECO 2030 is a Norwegian based clean tech company developing zero-emissiontechnology for the maritime and heavy industry. We are developing PEM hydrogenfuel cell stacks and PEM hydrogen fuel cell modules, that enable ships andotherheavy-duty applications to become emissions-free. The company is listed onEuronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,OTC under the ticker TECFF. TECO 2030 is a spinoff from TECO Maritime Group, agroup that has provided technology and services to the global shippingindustrysince 1994. For more information, please visit www.teco2030.no -http://www.teco2030.no.
ATTACHMENTS
Download announcement as PDF.pdf -https://kommunikasjon.ntb.no/ir-files/17847477/18140326/4646/Download%20announcement%20as%20PDF.pdf
TECO 2030 Blom and Samskip secure funding for pre-project.pdf -https://kommunikasjon.ntb.no/ir-files/17847477/18140326/4645/TECO%202030%20Blom%20and%20Samskip%20secure%20funding%20for%20pre-project.pdf
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