Provaris (ASX:PV1), a leading innovator in the green hydrogen sector is well-positioned to be an important part of the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company's proprietary tank IP and innovative ship design support its vision to Contact online >>
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector is well-positioned to be an important part of the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company's proprietary tank IP and innovative ship design support its vision to develop a portfolio of integrated green hydrogen projects.
Provaris'' innovative H2Neo carrier solution offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for clean energy while overcoming the logistical challenges associated with green hydrogen distribution.
Provaris is expanding its portfolio to include CO2 storage technologies, a move that aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
This Provaris Energy profile is part of a paid investor education campaign.*
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Provaris presents a unique and attractive investment proposition in the rapidly expanding green hydrogen sector in Europe. With its proprietary technology, strategic partnerships and integrated business model, Provaris is well-positioned to capitalize on the growing demand for clean energy solutions.
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector, is well-placed to become integral to the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company focuses on developing regional projects that span the entire value chain, from production to export, with a particular emphasis on delivering hydrogen with the highest energy efficiency and the lowest cost.
With a vision to develop a portfolio of integrated green hydrogen projects, Provaris leverages its proprietary tank IP and innovative ship design, with a focus on collaborating with world-class partners.
Compression supports the development of simple, scalable and energy-efficient green hydrogen supply chains for the European market.
Provaris stands at the forefront of the green hydrogen revolution, dedicated to developing innovative and efficient supply chains for zero-carbon energy in the European region. With its rapid adoption of green hydrogen, the European market presents a golden opportunity for Provaris. As countries across the continent seek to decarbonize their economies, the demand for sustainable energy sources has skyrocketed. Provaris'' use of compressed hydrogen technology offers a compelling solution to the logistical challenges associated with hydrogen distribution, replacing complexity with simplicity to lower the delivered cost.
At the heart of Provaris'' innovative H2Neo carrier solution is its proprietary compressed hydrogen technology. The H2Neo offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for hydrogen while overcoming the logistical challenges associated with green hydrogen distribution.
Recent Concept Design Study reaffirms simplicity and efficiency of compressed hydrogen enables low-cost supply for Europe.
Complementing its innovative compressed hydrogen technology, Provaris is developing new vessel designs specifically tailored for hydrogen transport. These specialized ships are engineered to safely and efficiently carry compressed hydrogen across maritime routes, opening up new possibilities for international green energy trade.
As part of its commitment to sustainable energy solutions, Provaris is expanding its portfolio to include CO2 storage technologies. This strategic move aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Provaris is leveraging its expertise in compressed gas handling to develop innovative CO2 solutions, through the following strategies.
Adapting Hydrogen Tank Designs: The company is modifying its proprietary compression systems to efficiently capture and store CO2 from industrial processes.
Collaboration with Global Partner: Provaris announced a Joint Development Agreement with Yinson Product AS, a global energy infrastructure and technology company, which is developing CO2 infrastructure and supply chains.
Extension to Onshore Storage Solutions: Utilizing its experience in gas storage, Provaris is developing land-based facilities for intermediate CO2 storage before permanent sequestration.
At the forefront of Provaris Energy's European strategy is a groundbreaking Memorandum of Understanding (MoU) with Norwegian Hydrogen and Germany-based international energy company Uniper Global Commodities. This tripartite agreement marks a pivotal step in developing hydrogen supply chains, leveraging each partner's unique strengths.
The collaboration strategically capitalizes on the Nordic region's geographical advantages, facilitating efficient hydrogen distribution across Europe, with a particular focus on the German market. Germany is reliant on the import of over 70 percent of its hydrogen demand by 2030. This partnership not only underscores Provaris' role as an enabler for hydrogen transport at scale, but also a commitment by Uniper to support the development of Provaris'' unique approach.
A significant milestone is expected in the December 2024 quarter, including a maiden Term Sheet for supply and offtake.
Provaris also has a joint development agreement with Yinson Production, a global energy infrastructure and technology company, to explore CO₂ storage and marine transportation solutions, leveraging Provaris' hydrogen tank technology for enhanced carbon capture capabilities.
In The Netherlands, Provaris is collaborating with Global Energy Storage (GES) to develop a bulk-scale hydrogen import facility within Rotterdam''s global energy hub. The agreement involves the completion of a comprehensive prefeasibility study to demonstrate the technical and economic viability of berthing and unloading of Provaris'' H2Neo compressed hydrogen carriers. Provaris will be responsible for the transportation of the hydrogen in the H2Neo carriers and GES will be responsible for the discharge and injection into the hydrogen grid.
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to provide a corporate activity update which includes appointment of Anthony (Tony) Esplin as the Chief Executive Officer Designate ("CEO Designate") and an update to the planned Australian Securities Exchange ("ASX") listing.
A conversation between Executive Chairman, Steve Kesler, and CEO Designate, Tony Esplin, is available to watch here: https://
"We are delighted that Tony has agreed to join us as CEO, initially under a consultancy arrangement to assist us with our planned ASX listing, and then as our full-time CEO once we commence trading on the ASX. This concludes a relatively long process to identify the right candidate for this important role and we were very encouraged at the quality of the candidates who were keen to take up the reins at CleanTech Lithium.
"Tony's experiences of leading challenging international gold and base metal projects of scale through development into production, especially in Latin America, will be invaluable as the Company moves our Laguna Verde project forward towards the commercial production of battery grade lithium from 2027 onwards. As a fluent Spanish speaker, he will also be in prime position to engage with the Chilean Government, regulatory bodies and especially the local communities whose continuing support for our projects will be critical to their success.
"In the meantime, I will continue in my role as Executive Chairman intending to move back to being the Company's Non-Executive Chairman when our Board believes the time is right. I look forward to working with Tony and continue to be confident in the future potential of our Company".
"I am excited to be joining CleanTech Lithium and looking forward to the opportunity to work in Latin America again. It is well known that the lithium market is going through a challenging time, but all analysts agree that the lithium price will recover in due course to meet the growing international demand for EVs and other forms of battery storage. In the meantime, CleanTech Lithium has placed itself very nicely to be the next major mover in the lithium sector in Chile, through the use of Direct Lithium Extraction ("DLE") and by adopting more sustainable methods of extracting lithium for a market keen to see more "green lithium" supply. We intend to be delivering on this vision for our shareholders over the next few years.
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