Norway’s cleantech company TECO 2030 has been granted up to NOK 5.4 million (around $630,000) in indirect government support for developing its first production line for hydrogen fuel cells at its new fuel cell factory in Narvik.

As disclosed, the project that has been granted tax relief involves the development of a new production line for hydrogen fuel cells, with a total annual production capacity of 400 MW. The project will be completed at its new fuel cell giga factory and innovation center in Narvik, which was established a few months ago. The tax relief has been given for two years, 2021 and 2022.

 

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TECO 2030 wins tax relief grant to develop hydrogen fuel cell production line