Provaris Energy Ltd (PV1.ASX) represents an unique investment opportunity as a leveraged play on the growing shift to alternative energy and carbon reduction, particularly in Europe, but applicable on a global basis.
Having announced a successful $1m raising through a placement (ASX:PV1 - Funding to Accelerate H2 and CO2 Commercialisation), the company is well placed to progress both of its compressed hydrogen and liquid CO2 (LCO2) projects through 2025.
The next 6-12 months should see two hydrogen supply, offtake and shipping agreements become unconditional, completion of the construction, testing and certification of its proprietary hydrogen ‘storage tank’ design and its CO2 FEED evaluation in partnership with Yinson.
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