Provaris Energy Ltd (ASX: PV1) (“Provaris” or “the Company) has announced a significant milestone with the establishment of its Robotics Innovation Centre in Fiskå, Norway. The facility houses a fully automated robotic cell dedicated to fabricating and testing the Company’s proprietary hydrogen (H₂) and liquid carbon dioxide (LCO₂) tank designs.
The move positions Provaris at the forefront of maritime hydrogen and carbon storage solutions. By integrating robotics and advanced welding technology, the Company is targeting cost reductions, higher quality assurance, and the scalability required to meet surging demand for clean energy transport.
Figure 1: Exterior view of the Innovation Centre in Fiskå, Norway.
Provaris’ Managing Director and CEO, Martin Carolan, underlined the importance of commissioning the robotic facility: “We are excited to have the robotic cell commissioned and in control of a strategic facility in Norway to demonstrate the material cost and production efficiency benefits of manufacturing large scale steel tanks, including the completion of the hydrogen prototype tank.”
Delivering on the H2Neo™ and H2Leo™ Programs
At the heart of the Innovation Centre is the advancement of the Company’s flagship hydrogen shipping and storage technologies, the H2Neo™ compressed hydrogen bulk carrier and the H2Leo™ floating storage barge.
The robotic cell includes automated arms, scalable jigs, controllers, and laser-hybrid welding systems designed for precision and repeatability. These features will allow Provaris to fabricate large-scale tanks at commercial standards while showcasing the feasibility of its layered tank designs.
Figure 3: Robotic arms in action with a professional handling the procedure. [Source: Provaris Energy – YouTube]
Mr. Carolan said the Centre’s role extends well beyond just cost reduction: “This Innovation Centre will showcase the feasibility of constructing our proprietary tank designs for both H2 and LCO2 using robotics and laser-welding.”
Hydrogen Prototype Tank Fabrication Underway
Fabrication of the hydrogen prototype tank is restarting in October 2025, with testing scheduled for Q1 2026. The prototype will be built in four sections, two cylinders and two end-caps, with one cylinder and one end-cap already partially complete.
The completed prototype will measure 11 metres in length, 2.5 metres in diameter, and weigh approximately 40 tonnes of steel. Welding is expected to ramp up rapidly in the coming weeks as automation systems are fully reinstated.
The prototype is a critical milestone for Provaris, supporting the final Class approvals required for the H2Neo™ carrier. Once achieved, the approvals will pave the way for full-scale commercial deployment of compressed hydrogen shipping.
Mr. Carolan emphasised the broader value of the facility: “It will play an integral role in advancing R&D, Marine Classification and Commercialisation for Provaris.”
Engagement with Global Shipping Leaders
Provaris has already attracted strong interest from international shipping partners. In December 2025, the technical and commercial teams from “K Line” are scheduled to visit the Innovation Centre. These site visits will provide stakeholders with the opportunity to observe the fabrication process, assess progress, and build confidence in Provaris’ ability to deliver scalable hydrogen transport solutions.
Figure 4: Provaris’ 25,000 m³ low-pressure LCO₂ tank design, developed in joint venture with Yinson Production, showcased at the CO₂ Shipping and CCS Conference in Milan [September 2025]. The project highlights Europe’s growing need for large-scale CO₂ shipping, storage, and injection solutions. [Source: Provaris Energy – LinkedIn]
The engagement reflects a growing recognition within the maritime sector of the role hydrogen will play in decarbonising global trade. Hydrogen carriers such as H2Neo™ represent a scalable solution for the bulk transport of green hydrogen, enabling supply chains between producing regions and end markets in Europe and Asia.
Expanding into LCO₂ Tank Applications
The Innovation Centre will also play a pivotal role in the Front-End Engineering Design (FEED) program for Provaris’ LCO₂ tank project, developed in partnership with Yinson Production.
The FEED stage focuses on fabricating test sections and potentially a pilot tank to achieve maritime Class approvals by 2026. Using the same robotic automation technology applied to hydrogen tanks, Provaris is extending its intellectual property into the carbon capture, utilisation, and storage (CCUS) sector.
This diversification demonstrates the Company’s ability to leverage its core technology platform across multiple energy transition markets, creating new licensing opportunities and revenue streams.
Strategic Benefits of the Innovation Centre
The establishment of the Innovation Centre delivers several long-term benefits for Provaris:
- Proof of Concept – Demonstrates the feasibility of its layered tank construction using robotics.
- Cost Efficiency – Validates the cost savings and quality assurance offered by laser-hybrid welding.
- Commercialisation Pathway – Creates new opportunities to license tank designs to third-party fabricators.
- Scalability – Positions Provaris to expand tank production capacity as demand for hydrogen and LCO₂ infrastructure accelerates.
- Strategic Asset – Establishes a physical R&D and production facility in Europe, closer to key hydrogen trade markets.
Figure 6: Robotic arms performing the welding process on steel tank components. [Source: Provaris Energy – YouTube]
Industry Context: Rising Demand for Hydrogen
Provaris’ expansion comes at a time of growing momentum in the hydrogen sector. The European Union and several Asian economies have committed billions in investment to accelerate green hydrogen supply chains. Hydrogen is increasingly viewed as critical to achieving net-zero targets, particularly for industries such as steelmaking, shipping, and heavy transport.
Compressed hydrogen transport solutions, such as the H2Neo™, offer a flexible and efficient alternative to liquefaction or ammonia conversion, both of which are cost and energy-intensive. By simplifying the supply chain, Provaris aims to make hydrogen trade more commercially viable at scale.
About Provaris Energy
Provaris Energy Ltd is an Australian public Company dedicated to developing integrated green hydrogen projects for regional trade. Its portfolio includes the H2Neo™ compressed hydrogen bulk carrier and the H2Leo™ floating storage barge.
By focusing on simplicity, efficiency, and scalability, Provaris is accelerating the development of hydrogen and LCO₂ supply chains across Europe and Asia.
Investors Outlook
At 12:03 pm AEDT on 16 October 2025, Provaris Energy shares traded at $0.017. The Company’s market capitalisation stood at $14.54 million, with a 52-week trading range of $0.008 – $0.031.
Recent Share Performance
- 1 Week: +6.25%
- Last Price: $0.017
- Market Cap: $14.54 million
Investor Sentiment
The establishment of the Innovation Centre and resumption of hydrogen prototype fabrication provide Provaris with clear near-term milestones. The Q1 2026 completion of the prototype tank is expected to be a major catalyst, underpinning final approvals for the H2Neo™ carrier.
With global investment in hydrogen and CCUS infrastructure accelerating, Provaris is well positioned to capture strategic partnerships and licensing deals. Investors view the Innovation Centre as both a validation of the Company’s technology and a pathway to long-term revenue growth.
