Provaris Energy Ltd has reaffirmed the cost-effective and energy-efficient nature of its compressed hydrogen technology for regional marine transport through the results of a concept design study. The study, assessing a 540MW capacity reservation export site, highlighted the advantages of hydrogen compression over ammonia conversion in terms of energy efficiency and capital costs. Provaris's compression technology demonstrated superior performance, allowing for more hydrogen to be delivered to customers at a competitive cost. The study emphasized the benefits of compression, including delivering higher volumes of hydrogen and maintaining financial competitiveness. Additionally, Provaris believes its technology is well-positioned in the European market, especially in light of the significant funding allocated to green ammonia and hydrogen projects. With projections indicating a substantial demand for hydrogen in Europe by 2030, Provaris aims to leverage its technology and partnerships to establish a leading position in the evolving energy sector.