The parties jointly commit to investigate supply of green hydrogen from Gen2 Energy for relevant projects where customers need hydrogen and power conversion through fuel cells either in ports, offshore fish farms or other heavy-duty customers.

Further, Gen2 Energy will involve TECO 2030 Marine Fuel Cells in Gen2 Energy’s seaborn value chain, allowing hydrogen to be transported onboard vessels powered by hydrogen fuel cells.

The parties intend to work together for soft funding regarding maritime hydrogen applications and develop a complete hydrogen value chain, through the project “Hydrogen Hub Nordland”. Together, the parties will work to develop and establish a functional and effective value chain for hydrogen industry in northern Norway and enabling zero emission sailing along the Norwegian coastline.

The MOU is intended to support the opposing party with the establishment of their shared vision of an emissions-free ocean and heavy-duty industry space in the Nordic region.

"We are excited to continue the development of creating a maritime hydrogen value chain. Gen2 Energy is an exciting industry leader aiming to supply the UK and mainland Europe with green hydrogen from Norway. Together we can create a world-class maritime and heavy-duty hydrogen infrastructure foundation to build our zero-emission future upon," said Tore Enger, CEO of TECO 2030 Group.