Companies sign MoU for hydrogen transport vessels
Provaris Energy has signed a Memorandum of Understanding (MoU) with K Line, on developing and operating Provaris’ compressed hydrogen transport and storage technologies, specifically the H2Neo carrier and H2Leo barge.
As informed, the partnership will support Provaris’ hydrogen export plans, including projects in Norway, and is aligned with previous agreements to supply hydrogen to Germany. Europe is expected to require significant imports of low-carbon hydrogen, and Germany plans to import up to 70% of its hydrogen needs.
Over the next 12 months, both companies will work together to study and evaluate the design, construction, and operation of hydrogen vessels. They will also explore the potential for fut
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