Provaris Energy Collaborates with Norwegian Hydrogen and Uniper for Hydrogen Supply Agreement
Key Ideas
- Provaris Energy, Norwegian Hydrogen, and Uniper are working towards a hydrogen supply agreement targeting over 40,000 tonnes per year of RFNBO-compliant hydrogen.
- The collaboration aims for a 10-year contract tenure supporting the use of Provaris' H2Neo carriers and H2Leo barge for transportation.
- Term Sheets for hydrogen Sales and Purchase Agreement (SPA) and shipping contracts are set for Q4 2024, focusing on developing hydrogen supply chains in North-Western Europe.
- Sites in the Nordics, including the FjordH2 Project in Norway, are being considered for the development of RFNBO-compliant hydrogen storage and transportation facilities.
Provaris Energy has initiated a collaboration with Norwegian Hydrogen AS and Uniper Global Commodities SE towards establishing a hydrogen supply agreement. The tri-party Memorandum of Understanding signed in August aims to develop hydrogen supply chains from Norway and potential Nordic sites to import locations in North-Western Europe. The partnership targets the supply of over 40,000 tonnes per year of RFNBO-compliant hydrogen. They are working on achieving a 10-year contract tenure that will support the use of Provaris' proprietary H2Neo carriers and H2Leo barge for hydrogen transportation. The collaboration is set to finalize the Term Sheets for hydrogen Sales and Purchase Agreement (SPA) and shipping contracts by Q4 2024. Activities are underway to identify suitable sites in the Nordics, including Norway and Finland, for the storage and transportation of hydrogen. Notably, the FjordH2 Project in the Alesund region of Norway is among the locations being considered. The overall sentiment of the article is positive, highlighting the progress and cooperation among the involved parties in advancing hydrogen supply infrastructure in Europe.