Oslo-listed marine technology company Teco 2030 is planning Norway's first hydrogen fuel cell factory to boost production up to the gigawatt level.

The large-scale facility aims to manufacture cells optimised to be "the heart" of hydrogen-powered ships.

Cells totalling 1.2 gigawatts will be produced annually, meaning several hundred millions of euros in turnover, according to Teco 2030 chief executive Tore Enger.