Pioneering Hydrogen Supply Collaboration and CO2 Tank Development in Norway
Key Ideas
- Provaris advances a second collaboration for hydrogen supply from Norway to Germany using innovative compressed hydrogen carriers, targeting key milestones by mid-2025.
- Milestone achieved in CO2 tank design with Yinson, expanding towards scalable storage and transport solutions for onshore, offshore, and ship integration.
- Lease agreement at Fiskå supports Prototype Tank program in 2025, enhancing Provaris' technical development for hydrogen and CO2 storage and transport.
- Collaboration highlights potential for Norway to lead in hydrogen supply for Europe's industrial decarbonization, emphasizing simplicity, efficiency, and cost-competitiveness of Provaris' solutions.
Provaris has made significant progress in collaborations and technical developments for hydrogen and CO2 storage and transport in Norway. They have entered into a second non-binding Memorandum of Understanding for hydrogen supply from Norway to Germany, focusing on compression technology for efficient hydrogen delivery by mid-2025. Additionally, Provaris has achieved a milestone in the CO2 tank design with Yinson, aiming to develop tanks suitable for various storage and transport solutions. The recent execution of a Lease Agreement at the Fiska facility supports the Prototype Tank program in 2025, furthering Provaris' advancements. The collaborations highlight Norway's potential as a hydrogen supply leader for Europe's industrial decarbonization, underscoring the benefits of Provaris' solutions in terms of simplicity, efficiency, and cost-effectiveness. The industry's shift towards aligning supply and demand expectations has resulted in Provaris receiving increased interest in their hydrogen storage and shipping solutions, enabling scalable development sites in North West Europe.
Topics
Europe
Renewable Energy
Energy Transition
Collaboration
Carbon Capture
Supply Chain
Technology Development
Maritime Solutions
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