Energy companies Provaris Energy, Uniper Global Commodities and Norwegian Hydrogen have signed a conditional term sheet for the supply, transport and offtake of hydrogen from Nordics to North-Western Europe. This provides the basis for negotiating a binding hydrogen sale and purchase agreement (SPA) targeted for June 2025.
As disclosed, an annual volume of 42,500 tonnes per year of RFNBO-certified hydrogen is set to be delivered as gaseous compressed hydrogen using Provaris’ H2Neo carriers. RFNBO – renewable fuel of non-biological origin – means that the fuel was produced via an electrolysis process, using renewable electricity to split water into hydrogen and oxygen.