PERTH (miningweekly.com) – ASX-listed Provaris Energy is targeting the first hydrogen exports from a joint venture in Norway by 2027, following a positive prefeasibility study (PFS).
The PFS, in partnership with Norwegian Hydrogen AS, has demonstrated the potential for the low-cost delivery of green hydrogen from Norway to Europe.
The study was based on the delivery of 50 000 t/y of green hydrogen, using Provaris’ compressed hydrogen floating storage and carriers. The study estimated a competitive delivered cost of hydrogen that includes a marine transport cost range of €1/kg to €1.50/kg, based on the use of compression, Provaris’ recently launched floating storage known as H2Leo, and two H2Neo carriers.
A preferred site in Norway has been identified for the development of the production facility.
“Provaris is delighted with the outcomes of the study which has continued to mature the technical or economic requirements of the project. Compression has been demonstrated to be a highly flexible solution for variable hydrogen production, storage and transportation,” said MD and CEO Martin Carolan.
“The flexibility and added value that compression offers while providing balancing services to the local grid is complemented with a positive impact on the levelized cost of hydrogen delivered to Europe.”
The partners are now advancing development activities for permitting and key agreements to support the completion of detailed feasibility in 2023, and target first exports in 2027.