HIGHLIGHTS

• Provaris Energy and Norwegian Hydrogen  have entered a Collaboration Agreement to jointly progress the development for the 270 MW FjordH2 hydrogen project.
• Focus of development is on advancing pre-FEED activities, permitting, PPA, and offtake.
• Partners to define and agree the key terms of a definitive Joint Development Agreement  for joint development of the FjordH2 project.
• FjordH2 project to become one of the largest production facilities in the Nordic region to support the REPowerEU’s import demand by 2030.
• Recently approved Delegated Acts on renewable hydrogen provide legal certainty for both producers and consumers of renewable  hydrogen and are viewed as a pivotal step to attract the necessary investments to decarbonize downstream sectors.
• FjordH2 Animation

  Provaris is pleased to provide shareholders with a video animation of the FjordH2 hydrogen project located in Norway. Click the image below to view the animationProvaris Energy is pleased announce it has entered a Collaboration Agreement with Norwegian Hydrogen AS, to jointly progress the next phase of development for the FjordH2 project, located at Ørskog in the Ålesund municipality, Norway.

  Martin Carolan, Provaris Managing Director and CEO commented: “Provaris is delighted to formalise a collaboration with Norwegian Hydrogen for the joint development of the FjordH2 project. Provaris’ unique approach to developing integrated hydrogen projects for export using compression delivers a flexible, efficient and early mover advantage for Norway to support the REPowerEU demand for imported volumes of green hydrogen. The collaboration with Norwegian Hydrogen will be key to the project given their expertise and leadership in hydrogen production and distribution projects underway in Norway and Denmark.”

  Jens Berge, Norwegian Hydrogen’s CEO commented: “Partnering with Provaris Energy on the FjordH2 project is an important step forward for us. By combining Provaris’ expertise with our own experience, we are well-positioned to make a substantial impact in meeting the growing demand for large volumes of green hydrogen. Together, we are dedicated to realizing the FjordH2 project’s immense potential, as it has the capacity to become one of the largest production facilities in the Nordic region. This facility will play a vital role in supporting REPowerEU’s import demand and contributing to a zero-emission future.”