^LYSAKER, Norway, Sept. 15, 2023 (GLOBE NEWSWIRE) — TECO 2030 (OSE: TECO,
OTCQX: TECFF, ISIN: NO0010887516) and Pherousa Green Shipping AS (PGS)
sign a contract for the delivery of up to six modern,
emission-free Ultramax bulk carriers, each with a capacity of approx
63,000 tons. Each ship will be powered by 12 megawatts (MW) of TECO 2030 fuel cells
be equipped for the main propulsion on board.
The scope of delivery of TECO 2030 is a green package worth approximately EUR 23 million
per ship. The delivery for TECO 2030 includes a complete system of
Fuel cells installed on a skid solution, as well
Power supply and automation devices. The delivery to the shipyard will be
expected to begin in early 2026 and be completed by mid-2026. The
The fuel cell system will be available at our innovation center in Narvik at the end of 2024.
Norway, go into production.
Pherousa Green Shipping 63,000 dwt Ultramax. Design by Deltamarine
A 12 MW fuel cell system will be on board for full propulsion
each of the six ships is used and enables 100% emission-free
Operation. Each ship will have approximately 63,000 tons capacity and the first
Ship is scheduled to be delivered in the first quarter of 2027.
The TECO 2030 fuel cell system is used in combination with an ammonia
Hydrogen splitter installed by Pherousa Green Technologies AS (PGT). The
Loading ammonia and splitting it into hydrogen on board the ship will be the
current problems of hydrogen storage and infrastructure
Solve marine fuel and thus pave the way for emission-free
pave the way for ocean shipping.
The decision for hydrogen fuel cells in combination with a
Ammonia splitter allows shipowners to start with ammonia and
to switch to hydrogen at any time, thereby minimizing investment risks
become. This approach not only positions ammonia as viable
Hydrogen carrier, but also enables its economical use as
preferred fuel in shipping in addition to its traditional role in
Chemical and fertilizer sector.
The contract for the entire delivery is subject to financing
the new PGS buildings and the conclusion of a final delivery contract,
including final price negotiations, in accordance with industry standards.
“We are pleased to work with TECO 2030 and their
Combining fuel cell solution with our own gap technology, so
that the new Pherousa ships are the first fully electric ocean-going ships at sea
will be,” said Hans Bredrup, Chairman of the Pherousa Group. He commented
further:?The technology combination between TECO 2030 and Pherousa reduced
not just the ammonia consumption compared to those powered by ammonia
Internal combustion engines that are currently being developed, but also avoids the
Combustion of ammonia together with carbon-based pilot fuels”.
He adds: “Actually zero emissions – quite intentionally.”
?We are proud to have a firm contract for the supply of six
Ships to sign with Pherousa Green Shipping. Pherousa Green Shipping
is a young, future-oriented shipping company that offers an emission-free
would like to realize ocean shipping. Pherousa is an exciting company
with a clear vision: We want to prove that hydrogen and ammonia as
Fuel can be used for the ocean-going ships of tomorrow,” said Tore
Enger, Group CEO of TECO 2030, enthusiastically.
Contact TECO 2030:
Tore Enger, Group CEO, +47 92083800, [email protected]
(mailto:[email protected])
About TECO 2030:
TECO 2030 is building Europe’s first giga production plant in Narvik, Norway
Hydrogen PEM fuel cell stacks and modules. The
Production capacities will be built up by 2023 and early 2024, with for
A production capacity of 400 MW of fuel cells is targeted for 2025
is expected to increase to 1.6 GW by 2030.
TECO 2030 is a Norwegian clean tech company that produces zero emissions
Technologies developed for shipping and heavy industry. We
develop PEM hydrogen fuel cell stacks and PEM hydrogen
Fuel cell modules that enable ships and other heavy-duty applications
make it possible to become emission-free. The company is listed on Euronext Growth
on the Oslo Stock Exchange under the symbol TECO and in New York on the OTCQX under the
Abbreviation TECFF noted. TECO2030 is a spin-off of the TECO Maritime Group, one
Group that has been providing technologies and services to the global since 1994
shipping industry offers. For more information please visit
www.teco2030.no (http://www.teco2030.no/).
Contact Pherousa Green Shipping AS:
Hans Bredrup, Chairman, +47 90951129 / +56998873036, [email protected]
(mailto:[email protected])
About Pherousa Green Shipping AS:
Pherousa Green Shipping AS, founded in 2023 and headquartered in Oslo, is in the process of
an order for up to six modern, emission-free Ultramax
To initiate bulk freighters. These ships were built by Deltamarin in Finland
designed and are manned and managed by OSM Thome Ship Management. The
Original ship design is from an existing Deltamarin Ultramax model
derived, but has been modified to resemble that of Pherousa Green
Technologies AS (PGT) contains ammonia cracking technology. At this
Technology uses ammonia as a hydrogen carrier, creating a real
Emission-free drive enables.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c3117cb4-0aec-463a-9be4-
a81ecae525d5
°