A memorandum of understanding has been signed between TECO 2030 and an undisclosed party for cooperation on several fuel cell projects which could total 50MW of fuel cell output.

The projects, consisting of marine fuel cells and on-shore stationary fuel cell systems, will be developed in megawatt scale over a three-year period to ensure they are conducted successfully.

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Fuel cells benefit from being able to produce electricity without combustion, resulting in power which is much cleaner as a lower number of pollutants are produced compared to traditional forms of combustion-based technologies. These systems are also extremely efficient and produce more power per unit of fuel.

“I am thrilled to have signed this MOU with an undisclosed party,” said Tore Enger, Group CEO, TECO 2030. “This shows the trust and confidence the party has in our fully scalable and modular fuel cell systems. I am looking forward to working with our client on these projects to cover their zero emission energy needs. Both the marine and stationary applications for these projects are in megawatt size and will demonstrate the capabilities of the TECO 2030 fuel cell systems.”