Provaris Energy announced the collaboration agreement with Norwegian company Gen2 Energy ASGen2

Energy AS and Provaris Energy Ltd signed this week a collaboration agreement. The joint initiative aims to conduct a comprehensive prefeasibility study to determine the technical and economic viability of producing and supplying compressed green hydrogen from the hydrogen project in Åfjord to European ports using Provaris’ marine storage and shipping solution.

Both parties have a shared belief that Åfjord with its access to low-cost renewable energy and industrial infrastructure is an ideal site for large scale production of green hydrogen and seaborn supply of hydrogen to key European ports. Both companies are committed to green hydrogen production and export projects, with Gen2 Energy focusing on domestic supply and export to European markets, and Provaris offering innovative integrated bulk-scale storage and marine transportation solutions for green hydrogen.

Martin Carolan, CEO of Provaris Energy. says, “We are delighted to be working with Gen2 Energy to demonstrate the suitability of Provaris’ unique solution to the production and transport of bulk-scale hydrogen from the Afjord project. This collaboration will benefit from the synergies of Provaris and Gen2 Energy’s approach to using compression as an energy efficient carrier for green hydrogen. It can also demonstrate Norway’s role in delivering bulkvolumes to ports in Europe that are requesting a simple and flexible solution to import pipeline ready, gaseous green hydrogen to meet the REPowerEU ambitions for 10 million tonnes by 2030.”

Jonas Meyer, CEO in Gen2 Energy says, “For Gen2 Energy it is of key importance to build a strong and viable business case for large scale production and distribution of green hydrogen from Norway to Europe and other parts of Norway. We are following closely the development of different transport solutions for hydrogen, both on sea and rail. Transport of bulk hydrogen is interesting for us to look into. We embrace innovation and flexibility in transportation. Undertaking a prefeasibility study with Provaris on seaborn transport of compressed hydrogen on their GH2 Carriers will give us a good opportunity to learn more about bulk transport of hydrogen. We want to be in front when it comes to effective and safe supply of large volumes of green hydrogen from Norway to Europe.”