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Australian Financial Review: Ships complete hydrogen supply chain

"Amid the rush to develop hydrogen facilities, the overlooked imperative is how the lightweight gas – the first element on the periodic table – can be stored and transported across the seas in a competitive and efficient way. That’s the focus of the ASX-listed Provaris Energy (ASX.PV1) – recently renamed from Global Energy Ventures (GEV) – which has developed the design of two proprietary gaseous hydrogen (GH2) gas carriers"

‘‘Green’’ hydrogen has taken centre stage in the energy debate as the most achievable non-battery solution to storing and transporting intermittent output from solar and wind facilities.

Australia is graced with abundant renewable resources to play a key role in developing green hydrogen as an export sector – and aspires to be a major global participant by 2030.

The potential is not lost on various levels of government and the private sector, with numerous ‘‘hydrogen hubs’’ planned for the sun-kissed Northern Territory, Western Australia, Queensland and South Australia.

Global energy consultancy Wood Mackenzie estimates the seaborne trade of hydrogen will grow to 150 million tonnes by 2050.

The imperative for efficient energy storage beyond batteries is keenly felt in Europe, which faces an energy crisis as Russian oil and gas supply is curtailed.

Europe alone is expected to import 10 million tonnes of hydrogen by 2030. To meet that demand, ports are being specially designed to feed into dedicated hydrogen infrastructure across the Netherlands and into Germany.

Amid the rush to develop hydrogen facilities, the overlooked imperative is how the lightweight gas – the first element on the periodic table – can be stored and transported across the seas in a competitive and efficient way.