Provaris, ASX.PV1 meets RED 11 Compliance

[Sparty]

Provaris Energy Ltd has demonstrated compliance with Europe's Renewable Energy Directive II (RED II) emissions standards for bulk hydrogen shipping using its H2Neo carrier.

RED II requires that by 2030, at least 32% of the EU's energy consumption must come from renewable sources. For hydrogen production, the emission threshold is set at 28.2 grams of CO2 equivalent per megajoule (g CO2e/MJ) of hydrogen.

Provaris, supported by Wärtsilä, conducted an analysis based on a round-trip schedule between Norway and Germany using the H2Neo carrier:

Estimated emission level: 7.6 g CO2e/ MJ H2
Required for EU RED II compliance: 28.2 g CO2e/ MJ H2


Key outcomes of the analysis:

Wärtsilä supported the estimation of CO2e emissions.
The analysis used a proposed H2Neo hybrid electric propulsion plant with modern 4-stroke LNG Dual Fuel generating sets.
At a typical sailing speed of 13 knots, the carbon intensity was estimated at 7.6g CO2e / MJ H2 over a 1,600 nautical mile roundtrip.
The estimated emission level is well below the RED II compliance requirement.
Future integration of a 3,000 kW hydrogen fuel cell could further reduce emissions by 20 to 30%.


The results highlight Provaris' efforts to optimize their hydrogen supply chain to meet and exceed EU RED II requirements.
Wärtsilä expressed alignment with Provaris' vision to accelerate the maritime industry towards net-zero emissions shipping.
Provaris aims to become a leading developer of integrated green hydrogen projects, focusing on making green hydrogen accessible through compressed hydrogen technology.

https://wcsecure.weblink.com.au/pdf/PV1/02861741.pdf