Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has entered into a collaboration agreement with Global Energy Storage (GES) to jointly develop a gaseous hydrogen import facility at GES’ proposed terminal in Rotterdam, The Netherlands.
GES is developing a multi-client, multi-product import terminal at Rotterdam capable of importing ammonia and hydrogen in their refrigerated and compressed forms and compatible with redeliveries into barges, rail, truck and the H2 grid (HyNetwork) operated by Gasunie.
The two companies will complete a pre-feasibility study (PFS) outlining the economic and technical viability of using Provaris’ proprietary H2Neo compressed hydrogen carriers at the facility.
Hydrogen to European market
“We are delighted to be collaborating with GES on a world-first terminal for bulk scale import of gaseous hydrogen that can accelerate the availability of green molecules for industrial users,” Provaris Energy managing director and CEO Martin Carolan said.
“GES has a global network and track record of terminal assets and is demonstrating leadership in the development of a bulk terminal for hydrogen and derivatives for Europe.
“We look forward to the outcomes of this collaboration which can accelerate the delivery of ambitious import volumes required for the European market and support export projects under development based on the Provaris approach to the simple and energy-efficient marine transport of hydrogen.”
The two companies will also jointly market the proposed facility, where Provaris will be responsible for the transportation of the hydrogen in the H2Neo carriers and GES will be responsible for the discharge and injection into the hydrogen grid.
Facilitating energy transition
“This collaboration with Provaris showcases the types of partnerships that GES is pursuing to facilitate the Energy Transition through our contribution with storage and logistics solutions, at Rotterdam as well as other existing and future locations,” GES CEO Peter Vucins said.
“I welcome the opportunity to work closely with Provaris to develop a cost-competitive import solution for Rotterdam and European energy customers.”
The two companies say they have a shared belief that “the GES terminal in Rotterdam is an ideal site for bulk scale import of green hydrogen given the early connection to the HyNetwork grid for gaseous supply to industrial users in the Port of Rotterdam and key industrials users in Europe.”
Provaris also enjoys a first-mover advantage in the compressed hydrogen shipping space and both companies are keenly focused on enabling decarbonisation via the supply of green hydrogen to industrial users.