Provaris Energy Ltd (Provaris, ASX.PV1) has provided an update on its progress in developing hydrogen supply chains into Europe and advancing its proprietary hydrogen carrier in Norway. The company has finalized a Term Sheet with Uniper and Norwegian Hydrogen for a Hydrogen Sale and Purchase Agreement, targeting a 10-year offtake for over 40,000 tonnes per annum of hydrogen. The completion of the Fiska Facility sale expected around January 2025 will enable Provaris to move forward with its Prototype Tank fabrication and testing program. The Term Sheet for Hydrogen Supply and Offtake is also progressing towards execution, focusing on establishing reliable, long-term, and low-cost hydrogen supply using Provaris' proprietary carriers and barge technology. Provaris aims to collaborate with Uniper and Norwegian Hydrogen to provide RFNBO-compliant hydrogen delivered in compressed form, supporting Uniper's hydrogen portfolio requirements. Additionally, Provaris is restarting its Prototype Tank Program at the Fiskå Facility, aiming to secure a lease agreement for production space and finalize the purchase of essential production assets. These initiatives are geared towards enhancing Provaris' manufacturing capabilities and potentially exploring licensing opportunities in Europe and Asia.