Australia's Provaris Energy gains on hydrogen deal with Japan's Kawasaki Kisen

Provaris Energy

20/06/2025 03:17

** Shares of Provaris Energy PV1.AX rise 40% to A$0.014, set to gain most since October 2020

** Hydrogen producer says it executed an MoU with Japanese shipping major Kawasaki Kisen Kaisha 9107.T, also known as "K" LINE

** MoU for commercialisation of PV1's compressed hydrogen shipping and offshore storage solutions

** Over 2.5 million shares change hands, compared with the 30-day average volume of 823,023

** Stock down 41.2% YTD

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))