Provaris Energy Ltd has executed an MoU with Total Eren to further cooperate on developing solutions to transport green hydrogen projects to Asia and Europe.
Total Eren specialised in the development, financing, construction, operation and maintenance over the long term of renewable energy power plants (mainly solar and wind) worldwide. In particular, Total Eren is working on several large-scale green hydrogen projects globally, including in Latin America (Chile, Argentina, Brazil, Colombia), Australia, and Africa (Morocco, Egypt and Mauritania).
The MOU provides a framework for Provaris and Total Eren to work together on identifying and assessing green hydrogen projects currently developed by Total Eren that can utilise Provaris’ GH2 Carriers for bulk transport of compressed hydrogen in markets that require imported volumes of pure gaseous green hydrogen.
The agreement provides Provaris with a key partner to facilitate and accelerate the delivery of the first GH2 Carrier ‘H2Neo’ fleet, including investigating future financing schemes.
The scope of the cooperation agreement will include the identification and assessment of:
- Opportunities for the import of hydrogen into Europe using Provaris’ GH2 Carriers.
- Opportunities for the import of hydrogen into Asia using Provaris’ GH2 Carriers.
- Opportunities for a bulk Compressed Hydrogen Storage solution, utilising design concepts developed by Provaris for floating storage.
Martin Carolan, Provaris Managing Director and CEO, said, “Total Eren is an ambitious renewable energy company with a global portfolio of green hydrogen projects under development for import into markets that include Europe and Asia.