New partnership with Uniper and Norwegian Hydrogen for regional supply of hydrogen
Provaris Energy Ltd and Norwegian Hydrogen AS are pleased to announce a Memorandum of Understanding with Uniper Global Commodities SE.This partnership aims to strengthen co-operation in developing hydrogen supply chains from Norway and other potential Nordic sites, to import locations in North-Western Europe using Provaris’ H2Neo carriers. Key objective is to work towards binding agreements required for the supply and offtake of hydrogen and shipping using Provaris’ H2Neo carriers.
The Parties will collaborate in exploring the potential for Uniper to off-take RFNBO1 compliant hydrogen, which will be produced by Norwegian Hydrogen and transported and stored using Provaris’ H2Neo carriers and H2Leo storage barges.
In April 2024, Provaris and Norwegian Hydrogen extended their partnership to accelerate the development of new hydrogen export sites across the Nordic region. Building on the successful pre-development activities of the FjordH2 project in Norway, the new export projects will be strategically located in areas with strong grid connections and reliable power supplies.These hydrogen production and export facilities and transportation of compressed hydrogen using Provaris’ H2Neo carriers will provide cost-competitive gaseous hydrogen supply to Europe.
The supply of hydrogen is crucial for the energy security and decarbonization goals of German industrial sectors and energy generators. Developing a diverse portfolio of supply options for integration into national hydrogen infrastructure is vital for maintaining the competitiveness of the German economy and meeting its decarbonisation targets.
Uniper is systematically evaluating a range of opportunities and alternatives along the entire hydrogen value chain, from production and trading to transport, storage and distribution. Its diversified hydrogen portfolio includes various supply sources to ensure competitive and secure supplies that meet customer needs.
“We are thrilled to bring our partnerships with Uniper and Norwegian Hydrogen together. This collaboration highlights the business case for compression in becoming a preferred alternative for a cost competitive solution to supply RFNBO compliant hydrogen, offering both capital and energy efficiency for regional hydrogen supply.”
Provaris Energy Managing Director and CEO Martin Carolan
“We remain highly committed to the collaboration we’ve had with Provaris since 2022, and I cannot think of a better off take partner than Uniper to support the development of our joint projects. This new agreement is positive for all the three parties involved, and I am confident that it will bring strong and tangible results.”
Norwegian Hydrogen CEO Jens Berge