Provaris Energy Ltd ( (AU:PV1) ) has provided an update.
Provaris Energy Ltd has announced significant advancements in its hydrogen and CO2 development programs in Norway. The company has entered a second non-binding Memorandum of Understanding for hydrogen supply from Norway to Germany, highlighting the competitive advantages of its compressed hydrogen carriers. This collaboration aims to position Norway as a leader in hydrogen supply for Europe’s decarbonization efforts. Additionally, Provaris, in partnership with Yinson, has achieved a milestone in the CO2 tank design program, which will now expand to include scalable storage and transport solutions. The execution of a lease agreement at the Fiskå facility in Norway will support the continuation of the prototype tank program, further enhancing Provaris’ capabilities in hydrogen and CO2 storage.
More about Provaris Energy Ltd
Provaris Energy Ltd operates in the energy sector with a focus on hydrogen and CO2 storage and transport solutions. The company is known for its proprietary compressed hydrogen carriers and is actively involved in developing scalable hydrogen and CO2 infrastructure, primarily targeting the European market.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $5.65M
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