Fuel cell innovator TECO 2030 has received an NOK 50m ($4.69m) grant from Innovation Norway to support the deployment of its PEM fuel cell technology in shipping and heavy-duty industry.
Awarded under the environmental technology category, the grant is hoped to enable Innovation Norway to stimulate research and development projects, domestic value generation, and creation of responsible businesses.
TECO 2030 has said the funding will help accelerate the development and deployment of its fuel cells, as well as the industrialisation of its gigawatt-scale production facility in Narvik, Norway.
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