Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) chief technical officer Per Roed tells Proactive the company has taken a further step forward in the quest to become a major contributor to the European Unions 2030 green hydrogen target by starting a prototype tank testing program for its proprietary H2Neo compressed gas hydrogen carrier and H2Leo floating storage solution.
Subsidiary Provaris Norway AS has awarded a contract to Norwegian-based Prodtex AS for the design and construction of the tank prototype, alongside SINTEF, Norways leading independent research organisation, which will provide the testing.
We eagerly anticipate achieving final stage approvals for our compressed hydrogen carrier and storage solutions, with approval expected in 2024, verified through physical tank prototype tests, Roed told investors on Monday.
This partnership is a game-changer for efficient and cost-effective hydrogen storage and transportation.
Moreover, it enables Norway with an opportunity to reclaim its position as a leader in innovative ship design and construction, and opens up a substantial addressable market for hydrogen storage.
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Provaris Energy Ltd
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