TECO 2030 to set up giga factory for production of hydrogen-based fuel cells in Narvik, Norway

TECO 2030 ASA (OSE-Ticker: TECO) plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway. Fuel cells enable ships and other heavy-duty applications to switch from fossil fuels such as heavy oil and diesel to climate-friendly hydrogen, and thereby reduce greenhouse gas emissions from the shipping industry.

Source: TECO 2030