This week Provaris Energy  updated shareholders on the commercialisation strategy for the company’s proprietary hydrogen storage and transport solution, which will focus on early cash flow from Technology License and Origination Fees.

Provaris has structured its commercialisation model to a model whereby it can generate early cash flow and certainty of cash flows without the exposure of material capex to fund the ships. With a recent Term Sheet in place with Uniper and Norwegian Hydrogen, the company is seeking to replicate its low-cost regional shipping infrastructure with an emerging portfolio of future projects in Norway, Finland and Spain to demonstrate future growth in revenue and cash flow for shareholders.

Supporting the scale up of hydrogen in Europe, two announcements in recent days demonstrate continued support for both producers and offtake of hydrogen in the region with Spain finalising €1.6 billion in funding to supply projects, some of which are slated for export, and the launch of Germany’s HintCo’s second H2Global auction round, offering a total of €2.5 billion in funding for the production of renewable fuels of non-biological origin (RFNBOs).