Provaris Energy

Provaris Energy (ASX: PV1)

Currency in AUD

Last close As at 26/01/2023

AUD0.05

▲ 0.01 (25.00%)

Market capitalisation

AUD25m

Overview
Price performance
Financials
Research
Sector insights
Thematics

Australian company Provaris Energy is becoming a vertically integrated green hydrogen producer and supplier, combining production and compressed hydrogen shipping solutions.

Australia is blessed with plentiful renewable energy sources (wind and solar) and a relatively limited local demand given the population. By contrast, several countries in Southeast Asia have pledged to decarbonise their economies but have challenges in achieving targets given the geographies. Provaris Energy is looking to address this imbalance by transporting surplus energy in the form of green hydrogen from northern and western Australia to areas of high demand in its novel compressed hydrogen vessels.

Latest Insights

Industrials

18.01.23

Provaris Energy — European collaboration MOU signed

Industrials

15.12.22

Provaris Energy — Project de-risked by class approval

Industrials

28.11.22

Provaris Energy — Q3 activity update highlights key milestones

Industrials

20.10.22

European momentum boosts Provaris Energy

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Sector

Industrials

Equity Analyst

Andy Murphy

Director, Financials & Industrials

Key Management

Andy Pickering

Chairman
Martin Carolan

CEO

Balance Sheet

Forecast net cash (A$m)

7.7

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(24.6)	(20.4)	(60.9)
Relative	(20.6)	(25.7)	(57.4)
52 week high/low	A$0.1/A$0.0

Financials

The memorandum of understanding (MOU) signed with Norwegian Hydrogen is the latest significant step in Provaris Energy’s development of a cost-effective green hydrogen (GH2) transportation solution for Europe. The first Norwegian commercial hydrogen export volumes are likely to become available around the time of Provaris’s H2Neo carrier’s maiden voyage in 2027, neatly linking with the European Union’s REPowerEU ambition to develop a hydrogen industry.