GNW-Adhoc: TECO 2030 ASA expands partnership with Chart Industries Inc. to include all Howden ship efficiency and carbon emission reduction solutions

^LYSAKER, Norway, May 04, 2023 (GLOBE NEWSWIRE) — TECO 2030 (OSE: TECO, OTCQX:

TECFF, ISIN: NO0010887516) and Chart Industries, Inc. (NYSE: GTLS

(https://www.marketwatch.com/investing/stock/gtls),?Chart”) have theirs

existing cooperation agreement on the Cryogenic Carbon Capture(TM)

Chart’s process technology (“CCC”) expanded to include Chart’s offering

Systems for storing and supplying liquid cryogenic fuels

as well as Howden’s hydrogen solutions.

Caption: Onboard carbon capture and storage concept

Under the Enhanced Agreement, Chart, Howden (a company of

Chart Industries Group) and TECO 2030 pool their expertise to increase efficiency

of ships and reduce carbon emissions.

?We are excited to expand our relationship and our solution for TECO

to Howden in 2030,” said Jill Evanko, CEO of Chart Industries.

?Carbon capture for ships will be one of several solutions

used by the shipping industry to

International Maritime Organization (IMO) set targets for

achieve greenhouse gas emissions.”

Chart, which includes Howden, has solutions that are leading

compression technologies, storage and transportation equipment,

liquefaction technology, cryogenic carbon capture and

End use capacities throughout the value chain for handling

include gaseous and liquid hydrogen. This comprehensive range of solutions

combines over 160 years of experience with hydrogen and is backed by a global

Network of product experts, regional presence and service capabilities in

Supported Australia and Southeast Asia supporting Hydrexia on land

become.

?I look forward to working more closely with Chart on the

Decarbonizing the shipping industry, an industry TECO knows well.

We are fully focused on our common goals

to reach. When we talk to customers, we see a growing interest

both on hydrogen fuel cells and on solutions for

Carbon capture and storage,” says Tore Enger, Group CEO of TECO

2030

TECO 2030 is a Norwegian company specializing in the development,

Manufacture and supply of environmentally friendly hydrogen fuel cells

for the shipping industry and also exhaust gas cleaning systems

and provides carbon capture and storage solutions. The

The main objective of TECO 2030 is to support the shipping industry in the transition to

Support more sustainable practices by providing solutions that

Reduce emissions and improve energy efficiency.

About Chart Industries, Inc.

Chart Industries, Inc. is an independent global leader in the development,

Design and manufacture of process technologies and equipment for the

Gas and liquid molecule processing for the Nexus of Clean(TM) – clean

energy, clean water, clean food and clean industrial products,

independent of the molecule. The unique product and solution portfolio of the

Company for stationary and rotating equipment comes in every phase of

LPG supply chain, including development, service and

Repair and from installation to preventive maintenance and digital

Monitoring. Chart is a leading provider of technology, equipment and

Services related to liquefied natural gas, hydrogen, biogas and CO2

deposition as well as other applications. Chart advocates for outstanding

Environmental, Social and Governance (ESG) performance

both for his company and for his customers. With over 48 global

manufacturing locations and 41 service centers from the United States to after

The company is facing Asia, Australia, India, Europe and South America

its team members, suppliers, customers and communities

responsible and transparent. To learn more, visit

www.chartindustries.com (http://www.chartindustries.com/)

About TECO 2030

TECO 2030 (OSE: TECO) faces one of the largest ecological

Challenges of our time: How can we ensure sustained economic growth

associate with reduced emissions? Through the development of hydrogen

Fuel cells enable TECO 2030 to make ships and ships emission-free

other heavy duty applications. TECO 2030 is building Europe’s first in Narvik, Norway

Giga production facility for hydrogen PEM fuel cell stacks and modules

on. Production capacities will be maintained throughout 2023 and up

Built in early 2024, with a production capacity of 120 MW

Fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030

is aimed at. The company also supplies other solutions related to the maritime

Help industry to reduce their ecological footprint, e.g. B.

Exhaust gas cleaning and carbon capture systems for ships.

The company is listed on Euronext Growth on the Oslo Stock Exchange under the symbol

TECO and listed in New York on the OTCQX under the symbol TECFF. TECO2030 is

a spin-off of TECO Maritime Group, a group that has been developing technologies since 1994

and provides services to the global shipping industry. For further

For information, please visit www.teco2030.no.

Chart Industries Investor Relations Contact:

John Walsh

VP, Investor Relations

1-770-721-8899

[email protected]

TECO 2030 Business Enquiries:

Goal Erik Hoftun

COO, TECO 2030

(+47) 99 261 337

[email protected] (mailto:[email protected])

A photo accompanying this announcement is available

at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2e885d3f-c8cc-

4ead-8a3b-d1232704601f

°

Selected Leverage Products on TECO 2030 ASA Registered ShsWith knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired lever and we will show you suitable open-end products on TECO 2030 ASA Registered Shs

Leverage must be between 2 and 20

No data

ttn-28