reports
- Toby Thorrington
Provaris Energy - Q4 activity accelerates decisively
Provaris Energy’s pace of progress towards its goals of producing and transporting green hydrogen appears to be accelerating. In its latest quarterly activities report, it highlighted the awarding of ‘Design Approval’ for its novel compressed hydrogen (H2) carrier, the signing of a memorandum of understanding (MOU) with Norwegian Hydrogen, and significant appointments and developments at its key Tiwi H2 project. In addition, it completed its HyEnergy feasibility report, all while operating withi...
- Toby Thorrington
Provaris Energy - European collaboration MOU signed
The memorandum of understanding (MOU) signed with Norwegian Hydrogen is the latest significant step in Provaris Energy’s development of a cost-effective green hydrogen (GH2) transportation solution for Europe. The first Norwegian commercial hydrogen export volumes are likely to become available around the time of Provaris’s H2Neo carrier’s maiden voyage in 2027, neatly linking with the European Union’s REPowerEU ambition to develop a hydrogen industry.
- Toby Thorrington
Provaris Energy - Project de-risked by class approval
The class ‘Design Approval’ for Provaris’ H2Neo compressed green hydrogen carrier has been issued by the American Bureau of Shipping (ABS). This is a key step for Provaris, as discussed in our recent Q3 activity update note. The approval opens the way for Provaris, assisted by shipping expert Clarksons, to seek a shipyard to quote for and construct the carrier. The novel vessel design gives Provaris first-mover advantage in large-scale hydrogen transport solutions and paves the way for the much ...
- Toby Thorrington
Provaris Energy - Q3 activity update highlights key milestones
The Q322 update from Provaris neatly summaries not only the significant progress made in the period, but highlights further progress already made in the early weeks of Q4 and other key announcements that are likely to be forthcoming before year-end, including the potential Approval for Construction of the novel H2Neo compressed hydrogen carrier that would make Provaris Energy the genuine first mover in the space. Agreements leading to first offtake for Tiwi H2 or contracts for long-term shipping...
- Toby Thorrington
Provaris Energy - MOU with Total Eren is pivotal endorsement
The memorandum of understanding (MOU) signed with energy heavyweight Total Eren gives real credibility to Provaris Energy’s compressed green hydrogen transportation solution and may also lead to funding options that make it a reality. The timing of the MOU is perfect as it comes at a time when the EU is introducing initiatives and investment to accelerate the introduction of green hydrogen into the energy mix, to improve energy reliability and push its zero-carbon agenda. Approval for constructi...
- Toby Thorrington
Provaris Energy - Studies confirm viability of both hydrogen projects
The recent announcement of the successful conclusions of two studies into numerous aspects of the Tiwi H2 and the HyEnergy projects, both in Australia, is another step along the road to Provaris Energy becoming the world’s first truly green, vertically integrated producer and supplier of compressed hydrogen at scale. The market opportunity for green hydrogen is substantial, with the International Energy Agency (IEA) forecasting that demand for green hydrogen will increase from almost zero in 202...
- Toby Thorrington
Provaris Energy - Impressive progress towards 2026 targets
Provaris Energy is making material strides towards its goal of producing and supplying green hydrogen in 2026. These include the development of a new class of vessel, the GH2 carrier, the construction of an H2 production facility in Northern Australia and the delivery of a feasibility study in Western Australia for HyEnergy. If successful, the project is expected to produce attractive internal rates of return (IRRs) and be scalable in multiple global regions. Finally, at the recent AGM, sharehol...
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