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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TECO 2030
TECO 2030 (TECO) investor relations material
TECO 2030 has been delisted
TECO 2030 H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2024 earnings summary20 Sep, 2024
Executive summary
Focused on accelerating maritime industry's transition to net-zero with hydrogen fuel cell technology for ships and heavy-duty applications.
Achieved full system validation and performance data collection at AVL's facility, exceeding expectations.
Streamlined operations, reducing headcount from 52 to 40 to ease liquidity pressures and improve efficiency.
Secured new partnerships and investments, including a USD 4 million commitment from Advait Infratech in India.
Facing delayed political decisions impacting investor interest and regulatory clarity for green projects.
Financial highlights
Revenue for H1 2024 was NOK 0.8 million, down from NOK 8.1 million in H1 2023.
EBITDA was negative NOK 39.6 million, compared to negative NOK 37.7 million in H1 2023.
Total loss for the period was NOK 117.4 million, up from NOK 56.5 million in H1 2023, mainly due to a NOK 60.6 million loss from convertible bond conversion.
Net cash flow from operating activities improved to NOK -19.4 million from NOK -34.8 million in H1 2023.
Cash and cash equivalents at period end were NOK 2.8 million.
Outlook and guidance
Ongoing discussions with investors and stakeholders to secure additional funding in the coming months.
Preparing for industrialization and mass deployment of fuel cell systems, with pilot projects underway.
Aiming to close one or more private placements during the remainder of the year.
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Frequently asked questions
TECO 2030 is a pioneering engineering and equipment development company focused on facilitating the maritime industry's transition to a greener and cleaner environment. TECO 2030's product portfolio also encompasses solutions for reducing maritime emissions, such as exhaust gas cleaning and carbon capture systems for ships, aiming to make heavy-duty maritime and other applications emissions-free. The company operates within key areas including Hydrogen Fuel Cells, Carbon Capture & Storage, and Ballast Water Treatment Systems. The company is headquartered in Lysaker, Norway, and its shares are listed on the Oslo Stock Exchange.