Norway based marine technology specialist TECO 2030 ASA has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping that could lead to the delivery of fuel cell modules with a combined capacity of up to 200 megawatts.
The modules are to be installed on Chemgas Shipping’s new hydrogen-powered tugboats and transport barges which will operate on the Danube River. The fuel cells will enable these boats to sail emissions-free. Chemgas Shipping plans to install fuel cell modules from TECO 2030 on up to 120 transport barges and between 40-60 tugboats. The exact number remains to be decided, and purchase orders outlining the price and delivery time for the fuel cells will be signed for each individual ship over the next few years.
“We are thrilled that Chemgas Shipping has chosen to cooperate with TECO 2030 on this ambitious and important project, and that we have now been able to progress from a letter of intent to a supply frame agreement,” said Tore Enger, CEO of TECO 2030 ASA. “The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to 150 million Euros over the next three to eight years”.
The vessels the fuel cell modules are planned to be installed on, will be used to transport green hydrogen produced from solar and wind energy in Romania emissions-free along the Danube to industrial buyers in Austria and Germany as part of the Green Hydrogen @ Blue Danube project.