Brief: Teco 2030, Shell And Partners To Receive EUR 5 Million In Horizon Europe Support

Teco 2030 ASA

03/11/2022 06:09

Nov 3 (Reuters) - Teco 2030 ASA  TECO.OL :
    * TECO 2030, SHELL AND PARTNERS TO RECEIVE EUR 5 MILLION IN
HORIZON EUROPE SUPPORT FOR 2.4 MW TECO 2030 PEM FUEL CELL SYSTEM
FOR TANKER RETROFIT PROJECT
    * TECO 2030 (OSE: TECO, OTCQX: TECFF) WITH PARTNERS HAVE
BEEN
INVITED FOR HORIZON EUROPE FUNDING OF EUR 5 MILLION TO REALISE
HYDROGEN POWERED TANKER CONCEPT, HYEKOTANK.
    * ALL BENEFICIARIES HAVE NOW SIGNED GA DECLARATION OF
HONOUR,
STATING THAT THEY ARE COMMITTED TO PARTICIPATE IN PROJECT
    * CONSORTIUM EXPECTS TO FINALISE GRANT AGREEMENT PROCESS
WITHIN
END OF THIS YEAR, AND PLANS PROJECT STARTUP BY FEBRUARY 1ST,
2023
    * HYEKOTANK PROJECT WILL RETROFIT A 18.600 DWT PRODUCT
TANKER WITH
A 2.4 MW FUEL CELL SYSTEM BY TECO 2030 AND 4000 KG COMPRESSED
HYDROGEN STORAGE FOR DEMONSTRATION IN 2024

Source text for Eikon:  ID:nObip3rtxa 
Further company coverage:  TECO.OL 
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