AUSTRALIAN energy company Provaris is collaborating with Norwegian Hydrogen to develop green hydrogen value chain projects in the Nordic region.
Their intent is to accelerate the development of a hydrogen value chain covering large-scale production and export of hydrogen to key European ports.
Provaris announced on Thursday (12 January) it had signed a memorandum of understanding with the Norwegian company.
The companies plan to undertake a concept design study to review sites and choose a location suitable for domestic and export volumes of hydrogen.
The study will also involve a technical and economic review for the production and supply of compressed gaseous green hydrogen to European ports.
Provaris managing director and CEO Martin Carolan said the integrated export hydrogen project would benefit from the simplicity and efficiency of compressed hydrogen as a marine carrier.
“The Nordic region offers several advantages that can include low-cost hydro power, proximity to offtake markets and supportive governments committed to supplying hydrogen to Europe,” he said.
“This collaboration also has strategic alignment with the development timeline of our H2Neo carrier and validation of the increasing interest for our compressed H2 transport solution for hydrogen supply into Europe.”
Norwegian Hydrogen CEO Jens Berge said the project would bring green hydrogen to the EU market in a flexible, cost effective and timely manner.
“The vast experience and diverse capabilities within the combined Provaris and Norwegian Hydrogen team, along with a huge demand for green hydrogen in the EU, makes this a great opportunity for both parties.”
The scope of the study will include the renewable power supply, production of hydrogen, compression facilities, storage and infrastructure for jetty loading and unloading.
It also covers Provaris’ H2Neo carrier and import infrastructure required at identified import locations.
The companies plan to apply for suitable funding schemes available through national schemes and the European Union.
Provaris chief technical officer Per Roed said Provaris has a strategy to position the Nordic region as a first-mover and leader in export projects.
“We are very excited to join forces with Norwegian Hydrogen who share our ambition to target fast-track opportunities to commence hydrogen exports.”
Norwegian Hydrogen develops green hydrogen products and hubs to supply transport, maritime and industrial sectors.
