Provaris has signed a second non-binding MoU for the supply of hydrogen from Norway to Germany adding to the earlier deal with Uniper and Norwegian Hydrogen. With volumes of up to 30,000tpa this is potentially a major deal for the company. Provaris has also now executed a lease with the new owners at the Fiska site which will allow the recommencement of prototype tank fabrication. With key progress on the CO2 JDA with Yinson the company is making real progress in our view.

12 Mar 2025
Provaris - Second MoU and Fiska Lease

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Provaris - Second MoU and Fiska Lease
Provaris has signed a second non-binding MoU for the supply of hydrogen from Norway to Germany adding to the earlier deal with Uniper and Norwegian Hydrogen. With volumes of up to 30,000tpa this is potentially a major deal for the company. Provaris has also now executed a lease with the new owners at the Fiska site which will allow the recommencement of prototype tank fabrication. With key progress on the CO2 JDA with Yinson the company is making real progress in our view.