Provaris Energy Ltd has confirmed the cost-effectiveness and energy efficiency of its compressed hydrogen technology through a concept design study. The study focused on a 540-megawatt capacity site producing 10 tonnes of hydrogen per hour for regional marine transport within Europe using the H2Neo carrier. The findings highlighted the low energy use and capital costs associated with Provaris' hydrogen supply chain, emphasizing the advantages of compression over ammonia conversion for marine transport. Provaris' compression technology exceeded ammonia conversion by delivering more hydrogen in volume, using less capex, and providing higher financial returns. The study outlined that compression allowed 87,600 MW out of 90,000 available to be converted directly into saleable volumes of hydrogen, showcasing its efficiency compared to ammonia. Furthermore, compression-based hydrogen shipping was revealed to be notably cheaper, reducing delivery costs by 20% compared to ammonia. Provaris is optimistic about its position in the European hydrogen market, especially with significant funding allocated to green hydrogen projects. With Germany's increasing hydrogen demand, Provaris aims to leverage its technology and partnerships to establish a leading position in this evolving energy sector.