Provaris Energy Ltd, in collaboration with Norwegian Hydrogen AS and Uniper, has entered a Memorandum of Understanding (MOU) aiming to establish hydrogen supply chains from Norway and other Nordic locations to northwest Europe, with a focus on green hydrogen production. The partnership is set to develop these supply chains, utilizing Provaris' H2 Neo carriers and H2 Leo storage barges for transportation. The venture is working towards finalizing a hydrogen sales and purchase agreement by December 2024, with a proposed 10-year contract duration. Provaris and Norwegian Hydrogen are actively scouting potential sites in the Nordics for RFNBO-compliant hydrogen production, including the FjordH2 Project in Norway. A recent concept design study conducted by Provaris confirmed the efficiency and cost-effectiveness of their compressed hydrogen technology. The study highlighted the benefits of compression over ammonia conversion, showcasing reduced energy consumption and costs, ultimately enabling higher hydrogen delivery capacities. Notably, the compression-based shipping method is outlined to be approximately €6 per kilogram, indicating a 20% cost saving compared to ammonia-based transport. This development signifies a significant step towards advancing green hydrogen supply chains and promoting sustainable energy practices in Europe.