Provaris Energy Ltd is strategically adopting a capital-light revenue model to facilitate its commercialization strategy for hydrogen. This model aims to ensure early cash flow through Technology Licence Fees and Origination Fees, providing upfront, recurring income streams. The company plans to have its shipping fleet funded by third parties like shipowners or Special Purpose Vehicles (SPVs) for hydrogen carriers, allowing flexibility in selective investments to enhance shareholder value. Provaris recently signed its first hydrogen supply agreement with Uniper Global Commodities and Norwegian Hydrogen AS, securing deliveries of 42,500 tonnes per year of compressed hydrogen starting in early 2029. The company is also expanding its project pipeline, focusing on European hydrogen supply chains, with discussions ongoing in Spain, Norway, and Finland for hydrogen storage and transport. Provaris' commercialization strategy enables it to focus on development opportunities without significant upfront capital commitments, with projected financial returns per project potentially reaching US$34 million. Milestones include binding hydrogen SPA by mid-2025, final investment decision in early 2026, and the commencement of hydrogen deliveries in early 2029. The company is actively advancing its role in Europe's hydrogen transition through revenue diversification and strategic partnerships.