Provaris Energy Ltd (ASX.PV1) represents a unique investment opportunity as a leveraged play on the growing shift globally to alternative energy and carbon reduction, but particularly in Europe. With the recommencement of hydrogen tank fabrication, commercial progress should accelerate from this point with testing and class certification of its proprietary tank design through Q1 2026. In parallel, the company is also progressing its CO2 business stream currently in the Front End Engineering Design (FEED) development phase and advancing at a more rapid pace than we had anticipated. The CO2 development model appears more advanced although still at a formative level, with potential fabrication facilities scoped and preliminary discussions held. We could see the commercial timing gap between the hydrogen and CO2 opportunities close materially. We hold to our optimistic view that the development potential could be considered as somewhat open-ended in a practical sense, with Northern Europe and Asia representing large addressable markets for clean energy and carbon capture. Provaris will not be the only play(er) in these emerging sectors, but it is the company holding a significant IP first mover advantage and we don’t believe growth opportunities to be a constraining factor.
