- Memorandum of Understanding (MOU) signed with Norwegian Hydrogen AS to collaborate on the identification and development of green hydrogen value chain projects in the Nordics.
- Norwegian Hydrogen is a developer of green hydrogen projects focussed on the Nordic region of Europe to supply a range of sectors that include transport, maritime, and industrial with an industrial ownership base (Flakk Group, Mitsui & Co., Ltd., Hexagon Purus, Hofseth International and Tafjord).
- Collaboration will accelerate the development of green hydrogen export supply chains, using Provaris’ GH2 Carriers and storage solutions, and Norwegian Hydrogen’s proposed hydrogen production and export sites across the Nordics, including Norway.
- Provaris’ compressed H2 supply chain provides a flexible, cost-competitive solution that supports gigawatt scale generation capacity to be transported as gaseous hydrogen.
- Norway represents 50 per cent of the hydropower reservoir capacity of EU and is consequently key in reaching the REPowerEU ambition of 10mtpa hydrogen import by 2030. Furthermore, Norway is committed to be a long-term hydrogen supplier to Europe as confirmed in the Joint Statement (link) of the German and Norwegian governments on increasing maturity of the hydrogen value chain.
- A joint Design Concept Study will be completed in the March quarter of 2023 to identify a preferred production and export site and determine the technical and economic viability of a fast-track green hydrogen supply chain connected to the key ports in Germany and the Netherlands.
Provaris Energy announced it has executed a Memorandum of Understanding (MOU) with Norwegian Hydrogen AS, a Norwegian-based developer of hydrogen production hubs and value chains across the Nordic region, to collaborate on the development on green hydrogen value chain projects in the Nordics.
The collaboration brings together the skills, experience and ambitions of both companies to accelerate the development of a hydrogen value chain covering large scale production and export of hydrogen to the key ports of Europe.
The MOU provides a framework to jointly undertake a Concept Design Study to:
- Review identified sites and select a preferred location suitable for domestic and export volumes of hydrogen.
- Undertake a technical and economic review for the production and supply of compressed gaseous green hydrogen to nominated European ports.
Martin Carolan, Provaris Managing Director and CEO commented: “Provaris is delighted to collaborate with Norwegian Hydrogen to accelerate our development ambitions of an integrated export hydrogen project from the Nordic region that will benefit from the simplicity and efficiency of compressed hydrogen as a marine carrier.”
The Nordic region offers several advantages that can include low-cost hydro power, proximity to offtake markets and supportive governments committed to supplying hydrogen to Europe. This collaboration also has strategic alignment with the development timeline of our H2Neo carrier and validation of the increasing interest for our compressed H2 transport solution for hydrogen supply into Europe.”
Jens Berge, Norwegian Hydrogen’s CEO commented: “We are excited to work with Provaris on a solution which will bring green hydrogen to the EU market in a flexible, cost effective and timely manner. The vast experience and diverse capabilities within the combined Provaris and Norwegian Hydrogen team, along with a huge demand for green hydrogen in the EU, makes this a great opportunity for both parties.”
Per Roed, Provaris Chief Technical Officer added: “In August 2022, Provaris Norway AS was established strategically as our European hub to establish partnerships that can leverage the availability of low-cost, stable green energy in close proximity to major European import hubs. Our collaboration with Norwegian Hydrogen is an example of our strategy to position the Nordics a first-mover and leader in export projects. We are very excited to join forces with Norwegian Hydrogen who share our ambition to target fast-track opportunities to commence hydrogen exports.”