TECO 2030 announced a strategic shift from manufacturing fuel cells in Norway at present, to positioning itself as a global technology provider. By offering licensing agreements to international partners, TECO 2030 says it will be poised to accelerate the global adoption of its fuel cell technology in heavy-duty applications. This shift allows the company to focus on its core technology to unlock new international growth opportunities. Stack production might still take place in Norway.

TECO 2030’s Fuel Cell Module 400kW - FCM400

This decision reflects TECO 2030’s commitment to growth in dynamic global markets, particularly in the face of regulatory delays in Norway. As opportunities in regions like the US, India, and Southeast Asia grow, driven by strong government support and substantial public investment in hydrogen, TECO 2030 is positioning itself to take full advantage.

In the US, initiatives such as the Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA) are creating favorable conditions for hydrogen development, with $8 billion allocated for hydrogen hubs and $369 billion dedicated to climate and energy initiatives. TECO 2030 will pursue these opportunities through its American entity, TECO2030 INC, positioning the company to capture a significant share of the growing US hydrogen market. Similarly, India is pursuing government-backed projects aimed at reducing emissions and expanding renewable energy infrastructure.

Despite efforts to secure risk financing in Norway, both from public and private sectors, the interest and capital support for clean-tech projects remain limited. By shifting focus to licensing, TECO 2030 says it can leverage stronger demand in high-potential international markets, ensuring sustainable growth and reinforcing its leadership in hydrogen fuel cell innovation.

TECO 2030’s pivot enables the company to scale its offerings efficiently through licensing agreements. This will allow TECO 2030 to bring its advanced fuel cell solutions to various industries, including maritime, heavy-duty applications, data centers, mining, and trucking.

At the core of TECO 2030’s strategy is its PEM fuel cell technology, developed in close collaboration with AVL List GmbH. AVL, the world’s largest independent powertrain developer, brings more than 20 years of experience in the fuel cell space. AVL’s expertise played a key role in the development of TECO 2030’s FCM400 system and the TECO 2030 fuel cell stack, which are designed to meet the stringent demands of heavy-duty industries.

Additionally, TECO 2030 has introduced its Fuel Cell Backup (FCB) solution, which offers efficient, zero-emission backup power for data centers and other critical infrastructure, complementing its other offerings in the clean energy space.