Provaris and Baker Hughes Formalise Strategic Collaboration on Large-Scale Compressed Hydrogen Solutions

Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has entered into a strategic collaboration agreement with global energy technology company Baker Hughes to accelerate the development and deployment of compressed hydrogen solutions for marine transport and storage.

Agreement Details

The agreement supersedes the memorandum of understanding signed in August 2024 and formalises the two companies' technical partnership. It outlines a framework for progressing hydrogen export and import projects across Europe, with a focus on scalable, cost-effective infrastructure to support regional hydrogen supply chains.

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Key Components Under the Collaboration Agreement:

• Provaris Energy will identify and evaluate project opportunities that can leverage Baker Hughes' compression equipment and engineering expertise

• Baker Hughes will provide technical input for equipment selection, plant layout, and cost modelling

• Joint efforts will refine a Compression Concept Design Paper and contribute to project-specific engineering deliverables

Per Roed, Chief Technology Officer, Provaris Energy: "This collaboration strengthens our ability to deliver scalable, efficient hydrogen transport and storage solutions. We are excited to work with Baker Hughes to showcase the benefits of compression using their equipment. The outcomes are already clear, and we look forward to our co-operation to continue to develop regional supply chains for hydrogen using Provaris carriers."

Current Activities

Provaris and Baker Hughes are currently collaborating on export opportunities in the Nordic region, with ongoing work to define required equipment and engineering scopes. The partnership highlights the growing commercial potential of compression-based hydrogen logistics using Provaris' proprietary H2Leo™ barge and H2Neo™ carrier.

About Provaris Energy

Provaris Energy Ltd (ASX: PV1) is advancing innovative Compressed Hydrogen (H₂) and Carbon Dioxide (CO₂) storage and transport solutions through proprietary tank designs for maritime gas carriers, and integrated supply chain development. Focused on simplicity, efficiency and scalability in hydrogen logistics.

Website: www.provaris.energy