The company has been selected by Technip Energies to provide the integrated control system for the initial phase of the YURI Green Hydrogen Project, which will construct the largest of its kind industrial-scale renewable hydrogen production facility in Australia.
The company is aiming to have first gas flowing in early 2024 and expects to raise further capital in 2023 to fund its next round of projects.
The next steps in Provaris’ journey to world-scale hydrogen shipping are to construct and test a prototype hydrogen tank, and to prepare for ship construction with a selected shipyard.
The fuel cell systems are for the mass production of commercial trucks for various purposes, such as waste collection and cargo delivery. Through HTWO’s first partnership, the Group aims to lead the European eco-friendly waste collection vehicle sector with zero emissions hydrogen power.
The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.