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Provaris Energy Ltd ( (AU:PV1) ) has shared an update.
Provaris Energy Ltd has reached a significant milestone by executing a Term Sheet with Uniper and Norwegian Hydrogen for the supply and offtake of 42,500 tonnes of green hydrogen annually, marking Europe’s first large-scale regional hydrogen marine transport project set to begin in 2029. This development establishes Provaris as a key player in the European hydrogen market, enhancing its market position and paving the way for future agreements, while also diversifying into CO2 transport solutions with Yinson Production AS, leveraging its expertise and infrastructure in the offshore industry.
More about Provaris Energy Ltd
Provaris Energy Ltd operates in the energy sector with a focus on hydrogen and CO2 transport solutions. The company primarily offers hydrogen supply and transport services using its proprietary H2Neo compressed hydrogen carriers and is involved in developing innovative CO2 tank designs for bulk storage and marine transport.
Average Trading Volume: 15,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $8.14M
Learn more about PV1 stock on TipRanks’ Stock Analysis page.
