Provaris Energy Advances in Developing Hydrogen Supply Chains in Europe
Key Ideas
- Provaris Energy is finalizing a significant deal with Uniper and Norwegian Hydrogen for a 10-year hydrogen sale and purchase agreement, aiming to transport over 40,000 tonnes annually from the Nordics to Germany.
- The company is progressing towards securing the sale of the Fiska Facility, which will enable lease agreements for production space and acquisition of equipment to enhance manufacturing capabilities.
- Provaris' focus on efficient transport networks and collaborations with industry players demonstrates a commitment to establishing cost-effective and low-emission hydrogen supply chains in Europe.
- Recent funding raised by Provaris will support key business developments related to hydrogen and CO2 projects, including the restart of their prototype tank program.
Australian company Provaris Energy has achieved significant milestones in developing hydrogen supply chains in Europe. They are finalizing a crucial deal with Uniper and Norwegian Hydrogen for a 10-year hydrogen sale and purchase agreement, targeting transportation of over 40,000 tonnes annually from the Nordics to Germany. This agreement aligns with Provaris' vision of establishing reliable and low-cost hydrogen supply using their proprietary carriers. The company is also making progress in selling the Fiska Facility, which will enable them to enhance manufacturing capabilities through lease agreements and equipment acquisition. Provaris' collaboration with industry partners demonstrates their commitment to efficient transport networks and cost-effective, low-emission hydrogen supply chains. Furthermore, recent funding secured by Provaris will support their key business developments related to hydrogen and CO2 projects, including the restart of their prototype tank program. Overall, Provaris Energy is making significant strides in advancing hydrogen technologies and contributing to sustainable energy solutions.