Energy companies Provaris Energy, Uniper Global Commodities, and Norwegian Hydrogen have taken a significant step towards expanding the hydrogen supply chain with the signing of a conditional term sheet. This agreement outlines the supply, transport, and offtake of RFNBO-certified hydrogen from Nordic regions to North-Western Europe, with a target to finalize a binding hydrogen sale and purchase agreement by June 2025. The planned annual delivery of 42,500 tonnes of renewable hydrogen will be facilitated through the utilization of Provaris' H2Neo carriers, ensuring efficient transportation. Uniper is set to purchase the hydrogen at a fixed price and oversee the delivery terminal in Europe. Commencement of cargo deliveries is earmarked for early 2029, with a minimum term of 10 years. Provaris and Norwegian Hydrogen are actively collaborating on this initiative, focusing on the production, storage, and transportation of RFNBO-compliant hydrogen. The partnership aims to establish hydrogen supply chains from Nordic countries, including Norway and Finland, leveraging innovative storage solutions like the H2Leo barge and H2Neo carriers. The stakeholders involved in this tri-party agreement have expressed enthusiasm for the project's advancement, highlighting the transition of the MoU into a tangible term sheet. They envision the development of bulk-scale hydrogen supply chains within Europe, utilizing Provaris' advanced hydrogen carrier technology. The collaboration is also aimed at connecting hydrogen supply locations with key markets, a move that is seen as a positive step towards enhancing the European hydrogen infrastructure.