Provaris Energy Ltd has shown remarkable progress in establishing a commercial hydrogen supply chain in Europe, particularly focusing on its H2Neo carrier design for bulk-scale marine hydrogen transport. The company faced challenges during the quarter when its subcontractor in Norway went bankrupt, leading to considerations of acquiring the fabrication facility directly. Provaris also advanced discussions with three German utility companies to meet early hydrogen demand requirements for industrial users. The company's CEO, Martin Carolan, highlighted the commercial progress made and the increasing support for Provaris in the region. Fabrication work on the H2NEO prototype tank in Norway provided confidence in its design, and the company is now in discussions to resume activities and complete the tank. Provaris is also exploring revenue opportunities through smaller-scale hydrogen storage tank production. The company's collaboration with Norwegian Hydrogen and visits to key sites like the 3MW Hellesylt Hydrogen Hub in Norway demonstrate its commitment to expanding its hydrogen supply chain. With financial support secured, Provaris is well-positioned to achieve its goals and secure a first-mover status in compressed hydrogen shipping.