Provaris Energy Ltd has conducted a concept design study that emphasizes the energy and cost effectiveness of their compressed hydrogen technology for regional marine transport. The study focused on a 540-megawatt capacity site producing 10 tonnes of hydrogen per hour for intra-European shipping. Provaris Energy's compression technology outperformed ammonia conversion in terms of energy efficiency, capital cost, and financial returns. By requiring lower energy input and allowing for higher volumes of hydrogen delivery with minimal loss, compression proved to be notably cheaper and more efficient than ammonia conversion. The study also highlighted the significant advantage of compression in delivering more hydrogen to end customers over time, positioning Provaris Energy as a competitive player in the European hydrogen market. The European market's increasing demand for cheap hydrogen presents a favorable opportunity for Provaris Energy. With Germany projected to require millions of tonnes of hydrogen by 2030, the company aims to leverage its partnerships and cost-effective technology to establish a leading position in the rapidly growing sector. The study's findings and the company's strategic approach align well with the current trends in the European hydrogen market, showcasing Provaris Energy's potential to drive innovation and efficiency in the industry.