Illustration of the H2Neo Compressed Hydrogen Carrier with twin hydrogen storage tanks at design pressure of 250 barg (Image – Provaris Energy).
Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has initiated the fabrication of its H2Neo prototype tank hydrogen storage solution, taking a step further along the path to a hydrogen supply chain and production in Europe.
The company is on schedule to complete fabrication and testing by mid-2024, which would cement its position as a pioneer in cost-effective hydrogen storage and bulk-scale transportation solutions.
Should testing proceed successfully, the H2Neo design will receive Class Approval certification, a world-first achievement in the bulk-scale hydrogen transportation industry.
The definitive proof of concept will also provide Provaris with a new revenue stream in the form of producing smaller-scale hydrogen tanks in Norway from late 2024, catering to a wide…
