Provaris Energy Ltd (ASX: PV1) has announced a Collaboration Agreement with Norwegian Hydrogen AS to advance the development of the FjordH2 project in Ørskog, Ålesund municipality, Norway. The collaboration aims to progress the 270 MW FjordH2 hydrogen project by focusing on pre-FEED activities, permitting, power purchase agreements (PPA), and offtake arrangements.
The partners will work together to define and finalize a Joint Development Agreement (JDA) outlining the key terms for the joint development of the FjordH2 project. This project is expected to become one of the most extensive production facilities in the Nordic region, supporting the import demand for renewable energy in line with REPowerEU's goals by 2030. The recent approval of Delegated Acts on renewable hydrogen provides legal certainty for producers and consumers of green hydrogen, which is a crucial step in attracting investments for decarbonizing downstream sectors.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.