Provaris Energy secures ABS approval for compressed hydrogen technology

Provaris Energy Ltd (ASX:PV1) managing director and CEO Martin Carolan brings Proactive up to speed on the company’s new H2Leo hydrogen compression storage technology. The seaborne solution has secured approval in principle from the American Bureau of Shipping, meaning PV1 can showcase the tech to project partners and regulatory bodies. Carolan expects capital costs to land between US$200,000 and US$300,000 per tonne of compressed hydrogen — a price point comfortably below comparative onshore solutions.