Norway´s zero-emission technology developer TECO 2030 and Pherousa Green Shipping, both based in Norway, signed a “green package” supply agreement for up to six new zero-emission ultramax dry bulk carriers of about 63,000 deadweight tons each.
Each vessel will be equipped with 12 megawatts of TECO 2030 fuel cells for main propulsion onboard, whilst the green package approximately worth €23 million per vessel.
TECO 2030 is building up Europe’s first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik, Norway.
Each vessel will be about 63,000-deadweight tons and the first vessel is targeted for delivery in the first quarter of 2027.
The delivery for TECO 2030 includes a complete system of fuel cells installed on a skid solution, as well as power and automation equipment, and is estimated to start shipment to shipyard by early-2026, with delivery in mid-2026.
The fuel cell system will go into production at the end of 2024.
The fuel cell system will be installed in combination with a Pherousa Green Technologies AS’ (PGT) ammonia to hydrogen cracker.
Opting for hydrogen fuel cells in combination with an ammonia cracker, allows shipowners to commence with ammonia and transition to hydrogen whenever desired, minimizing the investment risks.
The total supply agreement is subject to financing of Pherousa´s newbuild vessels, and reaching a final contract of supply including closing price negotiations according to industry standards.
Hans Bredrup, chairman of the Pherousa group, believes that the technology combination between TECO 2030 and Pherousa doesn’t only reduce the ammonia consumption versus the ammonia fueled internal combustion engines currently being developed, it also avoids burning ammonia together with carbon based pilot fuels.
“Pherousa is an exciting company, with a clear vision of proving that hydrogen and ammonia can be utilized to fuel tomorrow’s deep-sea vessels,” said Tore Enger, group chief executive of TECO 2030.
