TECO 2030 ASA announced that it is launching a potential capitalization process for its U.S. subsidiary, TECO 2030 Inc., with the strategic guidance of investment banking advisor Hamilton Clark Sustainable Capital Inc. If successful, the capital infusion would be directed toward establishing a high-capacity fuel cell production facility in the United States, aimed at preparing for the anticipated surge in demand for hydrogen-based solutions in transportation, data centers, heavy industry, and other critical sectors.
As industries worldwide increasingly recognize the need for sustainable energy alternatives, the demand for hydrogen fuel cells is expected to rise significantly. TECO 2030 is committed to being ready to meet this demand, ensuring that it can deliver advanced fuel cell technology to sectors poised for transformation. In line with its expansion plans, the company is actively engaging in dialogue with one of the U.S. Hydrogen Hubs to explore collaborative opportunities for regional hydrogen infrastructure and the deployment of its cutting-edge fuel cell technology.
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Describe more in press release https://shorturl.at/dgrap
