Specifically, the company goals to build an advanced innovation centre combined with a giga factory, in order to produce fuel cells with a capacity of 1200 megawatts, or 1,2 gigawatt, per year.

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Once completed, this will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. For the record, the plan is to begin fuel cell production in 2022.

"We are optimising fuel cells from the bottom up for heavy-duty marine use. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry".

...says Tore Enger, CEO of TECO 2030 ASA.

For the fuel cells' development, TECO 2030 will collaborate with Austrian engineering company AVL. As explained, AVL has 20 years of experience and more than 150 patents within the fuel cell industry, while will also contribute to the planning and construction of the factory.

In addition, TECO 2030 primarily wants to establish the facility in Eastern Norway, probably in Viken, Vestfold or Telemark counties. The company is assessing potential locations.

In fact, an important factor will be proximity to competence clusters within technology and shipping.

Concluding, the giga factory is expected to create 500 jobs within research and development, pilot production and full-scale industrial production.