17.11.202018:17:16 CET | TECO 2030 ASA | Non-regulatory press releases

Lysaker, Norway, 17 November 2020: TECO 2030 ASA (OSE: TECO-ME) today announced
that it is named by Verbund, Austria's leading electricity company, as
technology partner in the ambitious renewable project Green Hydrogen@Blue
Danube.

Please read Verbund's press release here: 
https://www.verbund.com/en-at/about-verbund/news-press/press-releases/2020/11/17
/greenhydrogenbluedanube

The plan is to produce green hydrogen from renewable electricity in
south-eastern Europe. The hydrogen will then be transported via the River Danube
to hydrogen users in Austria and Germany by push tugs to be driven by TECO 2030
fuel cells.

"TECO 2030 is extremely pleased to be partnering with Verbund, one of the
strongest forces within European renewable energy, and we look forward to
further cooperation on the ambitious Green Hydrogen@Blue Danube project," said
Tore Enger, CEO of TECO 2030.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Tore Enger, CEO, +4792083800, tore.enger@teco.no 

ABOUT TECO 2030 ASA

TECO 2030 (OSE: TECO-ME) aims to tackle one of the biggest environmental
challenges of our time: How to combine growing global shipping volumes with
reduced emissions. We believe the shipping industry can move to zero emissions
by implementing new technologies, with hydrogen-based fuel cells as the ultimate
solution. TECO 2030 - powering the maritime industry's transition to renewable
energy. [http://www.teco2030.no]

ATTACHMENTS

 * Download announcement as PDF.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847477/179/204/Download%20announceme
   nt%20as%20PDF.pdf]
 * 17112020 Press Release Verbund_TECO 2030 English.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847477/179/203/17112020%20Press%20Re
   lease%20Verbund_TECO%202030%20English.pdf]

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