Provaris Energy

Industry: Energy

Provaris Energy Limited (ASX PV1) is an Australian clean energy technology developer focused on enabling the bulk export of green hydrogen and captured CO2. Headquartered in Sydney with operations in Oslo, the company is developing the world’s first integrated compressed hydrogen shipping and storage solutions to meet rising European demand for clean fuels. Its proprietary high pressure tank designs target regional supply chains from the Nordics to North West Europe through a capital light license driven model. The H2Neo carrier with a capacity of 450 tonnes and the H2Leo storage barge with a capacity of 300 to 600 tonnes are progressing through final marine classification and safety approvals. Techno economic studies show this model delivers 50 percent more gaseous hydrogen, 20 percent lower costs and up to ten times higher site value compared to ammonia based supply chains. In 2025 the company signed a Term Sheet with Uniper for Norwegian hydrogen supply and an MoU with K LINE to accelerate commercialisation of its hydrogen transport and storage solutions.

Provaris is also advancing large scale liquid CO2 storage and transport in collaboration with Yinson Production AS to address capacity constraints in carbon capture and storage. Key milestones include the completion of the concept design phase in March 2025, class level design integration in June 2025 and final approvals targeted for June 2026. The company has established strategic partnerships with Norwegian Hydrogen, Uniper, Baker Hughes, Yinson Production and K LINE to strengthen its position in global hydrogen and CO2 logistics. A July 2025 RaaS Advisory report assigned a risk adjusted valuation range of 0.11 to 0.19 Australian dollars per share with a midpoint of 0.16 dollars, reflecting strong growth potential.