Unveiled today (Oct 14), the agreement could see fuel cell modules, with a capacity of up to 200MW, delivered to Dutch-based Chemgas Shipping to support development of hydrogen-powered inland barges along the Danube River.
Chemgas will install the fuel cell modules on several of its hydrogen-powered vessels as it looks to provide zero-emission solutions for its operations.
It is expected that around 120 transport barges, in addition to between 40 to 60 tugboats, will use the fuel cells supplied by TECO 2030 with the first delivery slated for spring 2023 with it continuing over the following years.
The Danube is recognised as Europe’s second longest river and stretches from Romania to Germany providing a vital supply route through Europe which is accessible through maritime vessels.
By utilising hydrogen fuel cell modules to power the next generation of zero-emission boats, the operations along the river will be decarbonised and could spur other companies to adopt hydrogen mobility.
Gunther Jaegers, Managing Partner of Chemgas Shipping, said, “The TECO 2030 marine fuel cell is the proper solution for inland waterway navigation. We have to deal with low water situations where heavy batteries are not acceptable.”
Tore Enger, CEO of TECO 2030, said, “We are thrilled that Chemgas Shipping has chosen to cooperate with TECO 2030 on this ambitious and important project, and that we have now been able to progress from a letter of intent to a supply frame agreement.
“The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to 150 million Euros over the next three to eight years.”