Provaris Energy Ltd ( (AU:PV1) ) has issued an announcement.
Provaris Energy Ltd has achieved a significant milestone by executing a Term Sheet with Uniper and Norwegian Hydrogen for the delivery of 42,500 tonnes per year of green hydrogen, marking a breakthrough in hydrogen supply and transport in Europe. The company has also entered into a second collaboration with a Norwegian joint venture and a German energy company to transport hydrogen from Norway to Germany, reinforcing its position in the hydrogen supply chain. Additionally, Provaris is advancing its CO2 tank development program with Yinson, aiming to capitalize on the growing demand for CO2 transport solutions, which could significantly impact the industry and create value for stakeholders.
More about Provaris Energy Ltd
Provaris Energy Ltd operates in the energy sector, focusing on the development and deployment of hydrogen and CO2 transport solutions. The company specializes in compressed hydrogen carriers and CO2 tank designs, targeting the European market for industrial decarbonization and energy supply.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.32M
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