Aerospace

TECO 2030

Company Profile Analysis

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TECO 2030 - Aerospace showcase

Year Founded & Workforce

1993-12-31

Industry

Aerospace

Services

T

TECO 2030 Overview

Company Headquarters: Norway

Founded: 1994

Workforce: N/A

Company Working: TECO 2030 is an engineering as well as equipment development company with a focus on a cleaner and greener environment. The company's objective is to identify as well as develop high quality, cost-effective, and cutting edge solutions for significantly reducing the environmental impact of maritime pollution. TECO is also developing various solutions that can allow the maritime industry for reducing its emissions, for instance, exhaust gas cleaning as well as carbon capture system for ships. The company offers marine fuel cell systems designed for heavy duty marine applications which offer emission-free propulsion by use of hydrogen as fuel.

Strategy

TECO 2030 is focused on expanding its product portfolio to strengthen its position in developed countries. It also focuses on developing advanced components and accessories used in marine segments. The company aims to expand its business through collaborations and product development.

Company Snapshot

$0.2M

Revenue

1993-12-31

Founded

Norway

Headquarters

SWOT Analysis

Strengths

  • Wide product portfolio
  • High investment in research and development
  • strong supply and distribution network

Weaknesses

  • Dependence on its marine product segment

Opportunities

  • Strategic alliances in Asia Pacific
  • Scope for development of fuel cell technologies

Threats

  • Estimates of loss contegencies associated with environment damage with environment damage and product warranty

Key Developments

DateApproachDevelopment
March 2023CollaborationTECO 2030 has signed a memorandum of understanding with an unclosed party. In this MOU the company will work on different fuel cell projects, the project represents marine fuel cell as well as on-shore stationary fuel cell systems in MW scale.
December 2022PartnershipTECO 2030 and SinoHykey have done a partnership in which SHK will provide MEA, a major component in the TECO 2030 fuel cell system for decarbonizing marine transportation.
September 2022Product LaunchTECO 2030 has introduced a new product TECO 2030 Power Barge, the solution consists of TECO 2030 fuel cell modules, power electronics, batteries, refueling solution, hydrogen storage, safety as well as automation systems.
January 2021Product LaunchTECO 2030 introduced a product undergoing development as well as type approval the "FCM" 400" fuel cell module. The "FCM 400" fuel cell module is a building block for application in the Marine.

Product Offering

  • TECO 2030
    • Fuel Cell System

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles TECO 2030 as part of our ongoing coverage of the Aerospace sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

TECO 2030

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