Provaris Energy and Norwegian Hydrogen partner with Uniper for regional hydrogen supply

Provaris Energy Ltd (ASX: $PV1) and Norwegian Hydrogen AS have announced a partnership with Uniper Global Commodities SE (Uniper) to develop hydrogen supply chains from Norway and other Nordic sites to import locations in North-Western Europe using Provaris' H2Neo carriers. The collaboration aims to create efficient and flexible supply chains to deliver RFNBO compliant hydrogen to industrial and other users, supporting Germany's decarbonisation targets.

Executive Commentary on the Partnership

Provaris' Managing Director and CEO, Martin Carolan, expressed excitement about the partnership, highlighting the business case for compression as a cost-competitive solution to supply RFNBO compliant hydrogen. Norwegian Hydrogen's CEO, Jens Berge, emphasized the commitment to the collaboration and the positive impact of the agreement for all parties involved.

Summary of Provaris Energy's Partnership and Outlook

Provaris Energy (ASX: $PV1) and Norwegian Hydrogen AS have formed a partnership with Uniper to develop hydrogen supply chains from the Nordic region to North-Western Europe. The collaboration aims to support Germany's decarbonisation targets by delivering RFNBO compliant hydrogen to industrial and other users. The partnership's objective is to work towards binding agreements required for the supply and offtake of hydrogen and shipping using Provaris' H2Neo carriers. This initiative aligns with Provaris Energy's focus on value creation through innovative development and its ambition to establish an early-mover advantage for regional maritime trade of hydrogen. The company's commitment to efficient hydrogen production and transport underscores its dedication to contributing to the energy security and decarbonization goals of industrial sectors and energy generators in Germany and Europe.