Provaris Energy (ASX:PV1) – formerly Global Energy Ventures – has provided the market with an update on collaborative activities under its existing MOU with Provaris in Europe to supply hydrogen to Germany. Provaris’s ultimate value proposition is that it wants to produce ocean tankers capable of transporting hydrogen. While prototype designs have been certified, no tanker as of yet makes up part of Provaris’s asset base. What the company is doing is attempting to lock in supply and offtake agreements early. Under its existing MOU with Uniper, both players are moving towards a sales purchase a…
