Norwegian hydrogen fuel cell firm TECO 2030 has launched plans to raise capital to set up production in the US after revealing it would look outside of its home market amid waning support.
The company today (October 31) said it planned to launch a capitalisation process for its US subsidiary TECO 2030 Inc., with Hamilton Clark Sustainable Capital providing guidance.
If successful, TECO plans to set up a high-capacity fuel cell manufacturing site in the US to meet anticipated demand in transport, data centres, heavy industry and more.
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