TECO 2030 ASA has announced its plans to seek capitalization for its US subsidiary, TECO 2030 Inc., to establish a high-volume fuel cell production facility in the United States. This initiative is driven by the expected surge in demand for hydrogen-based solutions in sectors like transportation, data centers, heavy industry, and more. By engaging with investment banking advisor Hamilton Clark Sustainable Capital Inc., TECO 2030 aims to secure the necessary funds for this strategic move. The company is actively exploring partnerships with the US Hydrogen Hub and leading universities to enhance its research and development capabilities in hydrogen and clean energy technologies. TECO 2030 intends to use the raised capital to construct a cutting-edge facility focused on high-volume fuel cell production to cater to sectors such as logistics, maritime, mining, and data centers. This facility will support the transition to sustainable energy by providing zero-emission power solutions. TECO 2030's decision to expand in the US is supported by federal initiatives like the Inflation Reduction Act, Department of Energy programs, and the presence of Hydrogen Hubs, signaling the nation's commitment to fostering innovation in the hydrogen sector. By collaborating with Hamilton Clark Sustainable Capital Inc., TECO 2030 is confident in its ability to attract the required capital and establish itself as a key player in the hydrogen economy.