Provaris Energy Accelerates Hydrogen Supply Chain in Norway with Key 10-Year Offtake Deal
Key Ideas
- Provaris Energy is finalizing a 10-year offtake deal for over 40,000 tonnes of renewable green hydrogen annually from Norway to Germany.
- The company is resuming its prototype hydrogen tank program and securing advanced production equipment, aiming for efficient hydrogen transportation.
- Collaborations with Uniper and Norwegian Hydrogen align with Provaris' vision for low-cost and low-emission hydrogen supply chains in Europe.
- Provaris' strategy of compression as a viable alternative for bulk-scale transport is gaining industry acceptance and bolstering confidence in delivering value.
Provaris Energy Ltd is making significant progress in its hydrogen supply chain initiatives, particularly focusing on Norway as a key hub in Europe. The company is close to finalizing a 10-year offtake deal for over 40,000 tonnes of renewable green hydrogen annually from Nordic production sites to Germany. This deal, in collaboration with Uniper and Norwegian Hydrogen, marks a crucial milestone for Provaris, utilizing its proprietary H2Neo carriers and H2Leo barge technology. The company is also restarting its prototype tank program by securing a lease agreement at the Fiskå Facility in Norway. This move will enable the production of small-scale hydrogen storage tanks to enhance operational efficiency for industrial users. Provaris aims to leverage its hydrogen expertise to co-develop a liquid CO2 tank program for low-emissions marine transport. The company's strategy of compression for efficient bulk-scale transport is gaining industry acceptance, reinforcing confidence in its value delivery to the European market. Provaris' positive outlook is supported by partnerships with key players in the hydrogen sector, and the company looks forward to a successful year ahead.
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Europe
Renewable Energy
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Innovation
Manufacturing
Energy Sector
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European Market
Supply Chain
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