Australia's Provaris Energy jumps on deal to develop compressed hydrogen solutions

Provaris Energy

04/09/2025 02:12

Correct to add date in the first bullet

** Provaris Energy PV1.AX jumps as much as 17.7% to A$0.02; marks biggest intraday gain since August 12

** Hydrogen producer to collaborate with global energy technology company Baker Hughes BKR.O to develop compressed hydrogen solutions for marine transportation, storage

** Under deal, Provaris to identify hydrogen project opportunities, Baker Hughes to provide technology

** PV1 last up 5.9%, taking YTD gains to ~5%

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))