Provaris Energy Ltd (ASX:PV1) CEO Martin Carolan has announced the company’s collaboration with Global Energy Storage (GES) to develop a gaseous hydrogen import terminal in Rotterdam. This collaboration is a significant step towards establishing a sustainable hydrogen supply chain to the European market, promoting energy transition in Europe.
GES is known for its development of a versatile import terminal capable of handling ammonia and hydrogen in various states, aligning seamlessly with Provaris’s objectives. The partnership involves a pre-feasibility study (PFS) to assess the economic and technical feasibility of employing Provaris’s H2Neo compressed hydrogen carriers. The study will focus on establishing a sustainable hydrogen supply chain to the European market.
Carolan highlights the synergy between Provaris’s innovative transport solutions and GES’s terminal development expertise, aiming to enhance green hydrogen availability for European industrial consumers. This collaboration is set to deliver a scalable hydrogen import solution, furthering the promotion of energy transition in Europe.
The next steps include finalizing the PFS and developing a marketing strategy for the terminal. Provaris will manage hydrogen transportation using H2Neo carriers, while GES will oversee the terminal’s discharge and integration into the hydrogen grid. This initiative marks a significant step towards a cost-effective and sustainable hydrogen economy in Europe.
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