Australian energy company Provaris has successfully secured A$1.5 million through a share placement to advance its hydrogen and CO2 projects in Europe. The funding, supported by institutional and corporate investors, will also contribute to the restart of Provaris' prototype tank program. Provaris aims to establish compressed hydrogen as a key element for regional hydrogen production, storage, and transport in North West Europe. They are also focusing on developing proprietary solutions for gas storage and marine transport to address industry challenges. Collaborations with Norwegian Hydrogen, Uniper Global Commodities, Global Energy Storage, and Yinson Production highlight Provaris' efforts in creating hydrogen supply chains and exploring gaseous hydrogen import facilities and bulk-scale storage and transport alternatives for CO2. The company's Managing Director and CEO, Martin Carolan, expressed gratitude for the significant support received, emphasizing the importance of these investments in advancing Provaris' innovative initiatives in the energy sector.