- Global capital market has proven to be very challenging for a small company without revenue and products ready for production
- Experienced challenges in paying suppliers full amounts for services and parts delivered
- Pressured liquidity situation, and the basis for continuing as a going concern is contingent upon new equity funding
TECO 2030 ASA
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 229.9K kg CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed the selection of all major component suppliers and procured necessary parts for the first 400kW fuel cell modules (FCM400)
- Successfully injected its fuel cell system with hydrogen and created emission-free hydrogen-electric power. The 400kW module represents the most compact and energy dense system available for marine vessels and other heavy-duty equipment.
- Completed its first Future Funnel installation. Future Funnels are designed to reduce air pollution from the emissions of ships and other industrial sources.
🎯 Climate & Sustainability Targets
📅 Medium-term
- By 2030, the target is to produce a capacity of 4.000 units per year at TECO’s giga factory in Northern Norway
🌱 ESG Focus Areas
Climate changeEnvironmental sustainabilityDiversity & Inclusion