TECO 2030 and Skeleton Technologies enter a strategic partnership to boost zero-emission technologies

LYSAKER, Norway, June 07, 2023 (GLOBE NEWSWIRE) -- TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and Skeleton Technologies have entered into a strategic partnership to accelerate the use of renewable hydrogen in the maritime sector and demonstrate zero-emissions voyage and port operations. Skeleton Technologies is a global technology leader in high power, fast charging energy storage for transportation, grid, automotive and industrial applications.

TECO 2030 Booth at Nor-Shipping 2023: TECO 2030 and Skeleton Technologies enter into a strategic partnership to boost renewable hydrogen as a zero-carbon fuel for the maritime sector. From left, TECO 2030 COO Tor-Erik Hoftun and Director of Business Development Fredrik Aarskog, together with Sales Director Kersten Eero from Skeleton Technologies on the right.

As a first step, Skeleton’s SuperBattery shall be integrated with TECO 2030’s fuel cell modules in the HyEkoTank project, the largest marine fuel cell retrofit projects in the world, led by TECO 2030, Shell, and other consortium partners from three European countries (Norway, Sweden, and the Netherlands). Skeleton Technologies and TECO 2030 will then aim to develop joint solutions combining TECO 2030’s hydrogen fuel cells and Skeleton’s SuperBattery to enable the maritime industry’s transition to net-zero, based on Skeleton's work in the HydroCap project funded by the Estonian government.

The HyEkoTank project started on February 1st, 2023, in Lysaker, Norway, and is planned to last for 3 years, with the goal of eliminating carbon emissions during voyage and in port operations. TECO 2030 will retrofit six 400 kW Fuel Cell Modules in a container solution and demonstrate power supply for both propulsion and auxiliary loads using hydrogen with zero emissions as fuel.

Skeleton’s SuperBattery modules will sharply increase fuel cells’ performance and lifetime by reducing the requirement for peak power from the fuel cell.

“We are thrilled to announce this strategic partnership with TECO2030, one of the global leaders in green maritime technology. There are many synergies between our companies, as Skeleton is focused on reducing CO2 emissions in hard-to-decarbonize sectors and the maritime industry is surely one of them. We are confident our SuperBattery product can contribute to its transition towards net-zero by being a key enabling and complementary technology for fuel cell powered ships. Our SuperBattery shall first be integrated with TECO 2030’s fuel cell modules in the HyEkoTank project, whose consortium includes another key partner for Skeleton – Shell - with whom we collaborate on the electrification of mining sector. We are hopeful many opportunities will arise from this new partnership with TECO 2030,” states Taavi Madiberk, CEO and co-founder of Skeleton Technologies.