Provaris Energy Advances Hydrogen Supply from Norway to Germany with Second Collaboration
Key Ideas
- Provaris Energy signs a second MOU for hydrogen supply from Norway to Germany, emphasizing the efficiency of compression over alternative transport methods.
- Collaboration with Yinson Production AS reaches a milestone in CO2 tank design, facilitating liquid CO2 storage solutions for various applications.
- The Fiska facility lease in Norway secures infrastructure for Provaris' Prototype Tank program, enabling the development of hydrogen and CO2 storage solutions.
- Collaboration between Norway-based and German partners highlights Norway's emergence as a leader in hydrogen supply and the advancing hydrogen infrastructure in Europe.
Provaris Energy Ltd has signed a second non-binding Memorandum of Understanding (MOU) for hydrogen supply from Norway to Germany, utilizing its compressed hydrogen carriers. The collaboration aims to evaluate the use of Provaris' storage and shipping solutions for hydrogen transport to North-West Europe. This partnership highlights the increasing acceptance of compression for efficient hydrogen delivery. Furthermore, Provaris, in collaboration with Yinson Production AS, has made significant progress in CO2 tank design, a crucial milestone for developing liquid CO2 storage solutions. The companies are working towards integrating these tanks for various storage and transport applications. Provaris has secured the Fiska facility in Norway through a lease agreement to support its Prototype Tank program. This facility will aid in the construction of hydrogen tanks and prototype tanks for liquid CO2. The collaboration between Provaris, Yinson, and other partners reinforces Norway's position in hydrogen supply and Europe's decarbonization efforts. The companies aim to deliver sustainable hydrogen solutions while meeting RFNBO standards. Provaris is also focused on advancing its hydrogen supply chain with defined milestones, including long-term off-take agreements and scalable storage solutions. The article also mentions Yinson's acquisition of Stella Maris CCS and its stake in the Havstjerne CO2 storage project, indicating a broader commitment to carbon capture and storage. Overall, the developments signify progress in sustainable energy solutions and highlight the potential for hydrogen and CO2 storage advancements in Europe.
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Europe
Technology
Renewable Power
Innovation
Energy Transition
Collaboration
Carbon Capture
European Market
Supply Chain
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