Provaris Energy announced the signing of a strategic collaboration agreement with global energy technology company Baker Hughes. The collaboration marks a significant step forward in the development and deployment of compressed H₂ solutions for marine transportation and storage, leveraging Provaris’ proprietary H2Leo Barge and H2Neo Carrier alongside Baker Hughes’ compression expertise.

The collaboration agreement replaces the Memorandum of Understanding signed in August 2024 and formalizes the technical cooperation between the two companies. It outlines a framework for advancing H₂ export and import projects across Europe, with a shared commitment to enabling scalable, efficient infrastructure for the regional supply of H₂.

Key elements of the agreement include:

• Provaris will identify and qualify H₂ project opportunities where Baker Hughes’ compression equipment and engineering services can be applied
• Baker Hughes will provide technical support for equipment selection, plant layout and cost modelling
• The parties will continue to refine the compression concept design paper and collaborate on project-specific engineering inputs.

‍“This collaboration strengthens our ability to deliver scalable, efficient H₂ transport and storage solutions,” said Per Roed, Chief Technology Officer of Provaris Energy.

“We are excited to work with Baker Hughes to showcase the benefits of compression using their equipment. The outcomes are already clear, and we look forward to our co-operation to continue to develop regional supply chains for H₂ using Provaris carriers”.

‍Provaris and Baker Hughes are already co-operating on H₂ export opportunities identified in the Nordic region to define equipment and engineering services for Baker Hughes, underscoring the commercial potential of this collaboration.