Provaris Energy Ltd has signed a second non-binding Memorandum of Understanding (MOU) for hydrogen supply from Norway to Germany, leveraging its proprietary compressed hydrogen carriers.
The company has also been working in collaboration with Yinson Production AS to complete the concept design for CO₂ tanks – a milestone that will facilitate the development of liquid CO₂ storage solutions for integration with fixed onshore storage, offshore floating storage, and ship transport.
In support of its Prototype Tank program scheduled for 2025, the company has secured the Fiska facility in Norway through a lease agreement.
“Commencement of a second collaboration with a Norway-based hydrogen developer and German utility seeking a portfolio of supply highlights the increasing acceptance of the simplicity and efficiency of compression, compared to alternative marine transport solutions, enabling the delivery of gaseous…
