Provaris Energy Ltd is actively engaged in the development of hydrogen supply chains in Europe, focusing on compressed hydrogen storage and carriers. The company's efforts in showcasing the economic and commercial advantages of a compressed hydrogen supply chain from the Nordic countries to Europe have garnered increased interest from hydrogen suppliers and off-takers. Provaris is working towards developing around 1.5 gigawatts in hydrogen supply chains by 2030, with a plan to transport 250,000 tonnes of hydrogen using H2Neo carriers. The company has established collaborations with German utilities, Global Energy Storage, Norwegian Hydrogen, and OEMs to progress its hydrogen supply chain model. Provaris emphasizes the importance of bulk-scale storage and transport solutions, citing the scarcity of gaseous hydrogen export projects and the efficiency of compression technology. The recent EU Hydrogen Bank pilot auction further validated the company's regional focus and highlighted the potential for low-cost hydrogen supply from the Nordics and Iberia. Norway remains a strategic focus for Provaris, with developments in compressed hydrogen projects and support from Enova SF for hydrogen-fuelled ships.