It‘s all about moving mountains together
Transcript of It‘s all about moving mountains together
TECO 2030 ASA │ COMPANY PRESENTATION
TECO 2030 develops and supplies technology that reduces the climate and environmental impacts of the maritime industry.
CLEANTECH
TECO 2030 is based in Oslo, Norway and was established in autumn 2019. It currently has around 25 employees.
NORWEGIAN
TECO 2030 is a spinoff of the TECO Maritime Group, which was established in 1994 and has approx. 150 land-based employees in 10 countries.
27 YEARS OF EXPERIENCE
TECO 2030IN BRIEF
TECO 2030 ASA │ COMPANY PRESENTATION
20,000 short-sea vessels and ferries
45,000 ocean-going vessels450 cruise ships
Shore power solutions for ports without capable
infrastructure
9,000 offshore units
Grid and off-grid solutions
Construction site solutions2,000 fast ferries
ONE STACK FITS ALL, MODULAR SYSTEM FROM 400 KW – 40 MW
FUEL CELLS SOLVE CHALLENGES FOR 100,000 UNITS WORLDWIDE
40,000 river and waterway vessels
TECO 2030 ASA │ COMPANY PRESENTATION
TECO 2030 WILL ESTABLISH NORWAY’S FIRST LARGE-SCALE PRODUCTION OF HYDROGEN FUEL CELLS
TECO 2030 plans to set up agigafactory and innovation center forthe production of hydrogen-based fuelcells in Narvik in Northern Norway.
FUEL CELL GIGAFACTORY
The factory will start production in 2022,and by 2030, it will have an annualoutput of 1,200 MW of fuel cells.
1.2 GW OF FUEL CELLS
TECO 2030 expects to have 100employees at the factory before theend of 2025, and up to 500 by 2030.
500NEW JOBS
TECO 2030 ASA │ COMPANY PRESENTATION
Manual prototype production to start in 2022, with 10 MW output.
Automated production due to start in 2025, with production lines delivered by AVL.
At full capacity in 2030, expected annual production is 1,200 MW.
We are currently looking into various financing options for the new factory: equity, bank, leasing, public funding.
Production 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Output (MW) - - 10 60 120 400 700 800 800 1,000 1,200
SOP Line 1 Line 1 at full cap.Line 2 SOP
Line 2 at full cap.Line 3 SOP
All lines at full cap.
PRODUCTION TIMELINE:
System testingPilot testing
Prototype SOP
Cell testing Stack testingAIP
PRODUCTION IS SET TO START IN 2022
TECO 2030 ASA │ COMPANY PRESENTATION
• AVL is the world’s largest independent company in powertrain development, simulation and testing.
• AVL has experience with passenger cars, commercial and construction vehicles, trains, ships, mining and other heavy machinery, and with developing engines for the maritime sector.
• AVL develops products using its advanced simulation technologies, whose benefits include increased efficiency and performance, and reduced development costs and time-to-market.
• All IP and patents developed as part of the cooperation between TECO 2030 and AVL are owned 50/50 by the two companies. TECO 2030 has exclusive ownership of all implementation designs for fuel cell and stack.
employees worldwide
engineers and scientists
of turnover invested in inhouse R&D
billion Euro in turnover
granted patents in force
Source: AVL
Quick facts and figures
FUEL CELL TECHNOLOGY DEVELOPED IN COOPERATION WITH AVL
TECO 2030 ASA │ COMPANY PRESENTATION
Fuel cell systemdevelopmentPEM + SOFC
Fuel cell testsystems Energy storage &H2/Synfuel production
Fuel cell simulation tools
Integration & application development – From cell to vessel
AVL's new fuel cell test center:
• Fuel cell system test rigs (up to 400 KW)
• Test rigs for all subsystems & components
• Capacity of up to 20 test rigs
• More than 18 years of fuel cell experience
AVL owns four times more fuel cell patents than all competitors combined!Source: AVL
AVL HAS 450 ENGINEERS INVOLVED INFUEL CELL TESTING AND SIMULATION
TECO 2030 ASA │ COMPANY PRESENTATION
*PEM = PROTON EXCHANGE MEMBRANE
Passenger car
SOP 2022
SOP 2020
AVL is strategic development partner for FCEV SOP Development of major European OEM.
PEM 35kW Range Extender SOP Development
100kW fuel cell system SOP development for a LD/MD Truck
Commercial vehicle
Commercial vehicles
SOP 2022
Modular 1.2 MW H2/PEM prototype system for special application
1.2 MW PEM system
Stack design, simulation & layout support for large scale PEM submarine stack
PEM submarine
*SOP = START OF PRODUCTIONSource: AVL
Modular 1.2 MW H2/PEM prototype system for marine and heavy machinery
24.0 MW PEM System
SOP 2023
AVL HAS A LONG LISTOF REFERENCE PROJECTS
TECO 2030 ASA │ COMPANY PRESENTATION
DECARBONISATIONOF THE MARITIME SECTOR
EXPECTED SHIPPING INDUSTRYENERGY MIX TOWARDS 2050
IMO 2030The International Maritime Organization (IMO) aims to reduce carbon intensity in international shipping by 40% by 2030, and to cut the total annual greenhouse gas emissions from the sector by at least 50% by 2050 compared to 2008.
GREEN TRANSITION WITHIN THE MARITIME SECTORAcross the world, ship-owners will have to make their vessels more environmentally friendly.
CARBON NEUTRAL FUELSThe share of ships that run on carbon-neutral fuels is expected to increase over the coming years and decades.
HEAVY FUEL OIL AND GAS OILHeavy fuel oil and marine gas oil will, however, remain an important marine fuel for decades.
Source: IMO, American Bureau of Shipping (ABS)
34% Hydrogen/Ammonia
TECO 2030 ASA │ COMPANY PRESENTATION
ECOLOGY
ECONOMY
POLITICS
Hydrogen fuel cells are the most efficient way to generate and store electricity• H2 has the lowest investment and production costs of all renewable fuels
Significant CO2 emission reductions are required if we are to reachthe 1,5°C Paris climate target• There are talks about introducing a global CO2 tax for ships
Several governments are considering introducing very strict local ornational regulations regarding air and water pollution• Strong governmental and public support towards hydrogen and fuel cells
Hydrogen fuel cells are today the best feasible option for zero emission heavy duty marine applications• No greenhouse gas emissions• No particulate emissions• No pollutant emissions
Source: Felleskjøpet, Company
HYDROGEN FUEL CELLS– THE BEST FEASIBLE OPTION
TECO 2030 ASA │ COMPANY PRESENTATION
Source: Company (16.03.2021)
ZERO EMISSIONFuel cells emit no greenhouse gases, only water vapour and hot air.
EFFICIENTFuel cells are more efficient than traditional engines, and generally have an energy efficiency of 40-60%, according to the U.S. Department of Energy. In comparison, the typical internal combustion engine of a car has an efficiency of about 25%.
LOW OPERATIONAL COSTSUnlike batteries, fuel cells do not need to be charged. They can be refuelled fairly quickly, and they also require little maintenance.
ROBUST AND RELIABLEFuel cells have proven to be reliable also in tough conditions, such as in deserts and extreme cold and during hurricanes and winter storms.
CUSTOM-FITFuel cells can be custom-made to meet the needs of the customer.
WHAT YOU SHOULD KNOW ABOUT FUEL CELLS:
TECO 2030 ASA │ COMPANY PRESENTATION
TECO 2030: CLEANTECHFOR THE MARITIME INDUSTRY
TECO 2030 MARINE FUEL CELLSwill enable ships and other heavy-duty applications to run on green hydrogen and become completely emissions-free. Developed in cooperation with AVL.
TECO 2030 FUTURE FUNNELan exhaust gas cleaning system for ships that will feature carbon capture technology, developed in cooperation with Chart Industries, Inc.
TECO 2030 BALLAST WATER TREATMENT SYSTEMeliminates organisms in the ballast water. To stop the spread of invasive aquatic species from one region to another, the IMO requires all ships operating in international waters to install a ballast water treatment system by 8 September 2024.
TECO 2030 ASA │ COMPANY PRESENTATION
HIGHER EFFICIENCYFuel cell = 57%, diesel engine = 48%
MAINTENANCEFuel cells have no moving parts, and fewer parts in general
EMISSIONSFuel cells emit nothing but water vapour and warm air
COSTFuel cells are expected to become cost-competitive from 2025
Conventional Diesel Genset1.2 MW
TECO Fuel Cell SystemModular 400 kW
TECO Fuel Cell SystemModular 1.2 MW
Source: AVL
TECO 2030 MARINE FUEL CELL: GREAT ALTERNATIVE TO DIESEL
TECO 2030 ASA │ COMPANY PRESENTATION
TECO 2030 MARINE FUEL CELL: FLEXIBLE FUEL CELL SOLUTIONS
SCALABLEfrom 400 kW to 24 MW
RETROFITTINGMany shipowners consider retrofitting in containerised form
FLEXIBLESame design can be used for land-based applications
TECO 2030 ASA │ COMPANY PRESENTATION
Liquid hydrogen (LH2)
Maintains high efficiency with low H2 input pressure
Compressed hydrogen (CH2)
Can operate on pressureranges up to 700 bar
Metal Hydride hydrogen storage
Unique fuel tank-fuel cellheat regulation system
Full or partial turnkey projects to provide tailor made solutionsFLEXIBLE FUEL APPROACH
Ammonia (NH3)
Active research on ammonia pre-treatment
Ammonia Pre-treatment
TECO 2030 ASA │ COMPANY PRESENTATION
1: Similar sized fuel cell stacks. Source: AVL, Company
OUTPERFORMES OTHER ALREADY EXISTING FUEL CELLS
HIGH DURABILITY AND POWER DENSITYPower density of 4.1 kW / stack liter with lifetime of 30,000-35,000 hours
HALF OF PLATINUM CONTENTcompared to current fuel cell stacks used in passenger cars1
LOW COSTof ownership due to reduced need for battery capacity
TECO 2030's marine fuel cell stack platform is already outperforming competitors, and the company is aiming for even better performance.
FRONT-RUNNERBy utilizing the synergies between TECO and AVL, the front-runner position is maintained in the future
TECO 2030 ASA │ COMPANY PRESENTATION
THE CONCEPT THE FACTS
Green hydrogen produced from solar and windenergy in Romania will be transported onbarges along the Danube river to industrialbuyers in Austria and Germany.
TECO 2030 will from 2024 deliver 100-150 MWof fuel cells to Chemgas Shipping's newhydrogen-powered tugboats, which will takethe barges along the Danube. Projected deliveryof 2.4 MW per tugboat.
2,000 MW off-grid wind and solar energy production
1,800 MW electrolysis for hydrogen production
40-60 push tugs and up to 120 hydrogen transport barges
80,000 tonnes of hydrogen for industry, power + mobilityhubs (500 trucks/100 HRS) along the Danube
3.2 million tonnes of annual CO2 reductions
TECO 2030 IS A PARTNER IN THE PROJECTGREEN HYDROGEN @ BLUE DANUBE
TECO 2030 ASA │ COMPANY PRESENTATION
• TECO 2030 has signed a cooperation agreement with infrastructure contractor Implenia Norge AS to jointly develop and pilot hydrogen powered construction site solutions.
• The first fuel cell delivery is planned to take place in January 2023.
• Implenia is looking into various financing options for the project and has applied for funding from the Norwegian state enterprise ENOVA.
FUEL CELLS CAN ALSO BE USED TO DECARBONISE CONSTRUCTION SITES
TECO 2030 ASA │ COMPANY PRESENTATION
FUTURE FUNNEL SOLVESFOSSIL FUEL EMISSION CHALLENGESTECO 2030 FUTURE FUNNEL TODAY
Sample 1 Sample 3 Sample 2
Sampling point (post-turbo chargers) burning MGO
Source: Carnival
Sample 5 Sample 4 Sample 6
Sampling Point (post-DeSOx Tower) burning HSFO + Scrubber
DeSOx performance:
• SOx reduction >98%
• CO2 reduction 10-20% 1)
• Significant PM reduction
DeNOx performance
• Selective catalytic reduction
• NOx reduction 50-90%
• About 70% nano-partiulate
mass emission reduction 2)
PM/PN performance:
• Undisclosed technology
• >90% PM/PN reduction
• Awaiting regulations
Carbon capture performance:
• Undisclosed technology
• CO2 reduction 30-40% (2030)
• CO2 reduction 60-70% (2050)
• Awaiting regulations
1) https://cedelft.eu/publications/comparison-of-co2-emissions-of-marpol-annex-vi-compliance-options-in-2020/
TECO 2030 FUTURE FUNNEL TOMORROW
2) https://doi.org/10.4271/2003-01-0777
TECO 2030 ASA │ COMPANY PRESENTATION
TECO 2030 FUTURE FUNNEL– PRODUCT TIMELINE
FUTURE FUNNEL GEN 0
De-SOx System available today. Complies with both 0.1% and 0.5%
Sulphur regulations (IMO 2020).
2020 2021 20232022
Sulphur Oxide (SOx)
FUTURE FUNNEL GEN 1
Upgrade for TIER III NOx legislation. Implementing in NECA
already 2021 for New Builds. Already implemented in NA NECA.
Nitrogen Oxide (NOx)Particulate Matter (PM)
Black Carbon (BC) Carbon Dioxide (CO2)
FUTURE FUNNEL GEN 2
Remove Particulate Matter and Black Carbon for expected
rules in 2023.Pilot installation Carbon Capture.
FUTURE FUNNEL GEN 3
Integrate Carbon Capture and Storage System, IMO 2030 goal.
TECO 2030 ASA │ COMPANY PRESENTATION
TECO Future Funnel
AUG 19 Sept 19 Oct 19 Nov 19 Des 19 Jan 20 Feb 20 MAR 20
PROJECT START PROJECT COMPLETED
Feasibility
Concept
System design
Componentdevelopment & testing
Systemintegration
Verification, validation,
certification
Future proofdesign
CASE STUDY TECO 2030 AND AVL:SCRUBBER DEVELOPMENT
TECO 2030 ASA │ COMPANY PRESENTATION
Tore Enger – Chief Executive Officer, ASA
• Founded TECO Group in 1994• 29 years of entrepreneurship in maritime industry• Chairman of Scanship for 10 years
Paal Christian Johnsen – Chief Financial Officer
• 7 years with the TECO group of companies• Experience from Økokrim and AS Naturbetong
Bettina Nowak – Chief Executive Officer, USA
• Managing Director for Scanship Americas for 11 years• Joined TECO in 2018 as CEO in Miami
Tor-Erik Hoftun – Executive Vice President Operation, ASA
• Bachelor in Nautical Sciences from UIT and UNIS• Previously Development Manager in Scanship AS
Arild Eiken – Chief Technology and Project Officer
• 21 years experience from, among others, AKSO and Equinor• Previously responsible for fuel cells and hydrogen at HYON
Fredrik Aarskog – Business Development Manager• Business Development Manager for hydrogen fuel cells at IFE• 10 years of experience in R&D and awarded 10 patents
Emil Vestum - Lead Electrical and Automation
• Lead engineer on power electronics in the ZeFF project• Master in marine cybernetics
Stian Aakre – Chief Executive Officer, AS
• 10 years in management positions at Wärtsilä• VP Head of Environment at Höegh Autoliners
Ben Shipwright – Senior Project Manager
• MSc Naval Architecture• 5 years experience as machinist• 5 years experience in PM for British Navy
Yasmin Fortuny – Director of Sales, USA
• Director of Sales for Scanship Americas for 8 years. • More than 20 years of experience in the marine industry.
EXTENSIVELY EXPERIENCED TEAM
TECO 2030 ASA │ COMPANY PRESENTATION
Kick-off 3. KPIs and reportingstructure
• Value chain analysis conducted as desktop research, qualitychecked by TECO 2030
1. Value chain analysis
• Determine at least one indicator per material issue (as defined byGRI or TECO 2030), as well asgoals and ambitions
• Determine ambition level forsustainability reporting
Content • Project scope• Project plan• Define roles,
responsibilities and involvement
• Facilitation of sustainability report to be written in line with GRI recommendations (not necessarily in accordance with GRI)
4. SustainabilityreportingProjectphase
Timeline
TECO 2030activity
September 2020 May 2021
• Based on current business modeland strategy, stakeholders, market and competitors, scenarios
• Identify industry best practices on sustainability strategy, targets andreporting
• Materiality assessment conductedas desktop analysis and workshop
2. Materiality assessment
• Attend kick-off meeting• Share information on
company & productsfor input to nextstages
• Attend 1-2h workshop where we go through the impacts of each stage ofthe value chain
• Attend ~2h workshop to discuss and prioritize sustainability issues
• Attend ~2h workshop to discuss and define ambitions
• Evaluate current management approach of each material sustainability issue
• Author sustainability report
Project planning Assess sustainability impacts throughout value chain
Identify most important sustainability topics, ensuremanagement commitment
Define KPIs, indicators and reporting structure according to GRI
Support sustainability reporting
TECO 2030– ESG PROJECT PLAN