Restructuring for the Planet. TECO 2030 gets a new life for its fuel cells.

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I have been at this long enough by now - 61 episodes!- to see some great successes and some disappointing failures. This week's guest tells a story that's a bit of both, but he is not letting failure get in his way.

Today we are heading back to Norway to meet again with Tore Enger, Founder of TECO 2030, a company that was looking to build fuel cells for the maritime industry. 

Tore came on the podcast two years ago as they were making fast tracks with a product and strategic partnerships. Despite their success, investor money soon dried up. One strategic error may have been going public too soon.

In this podcast Tore will tell us what worked and what didn’t. And we will hear how this seasoned entrepreneur refuses to back down and deftly navigates Norway’s very favorable restructuring laws to get back in the game with a new strategy and cap table within a few short months of throwing in the towel.

 

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