Provaris Energy gains on green hydrogen plant collaboration in Norway

Provaris Energy

15/06/2023 02:27

** Shares of Australia's Provaris Energy  PV1.AX  rise as
much as 15% to A$0.046 - set for their best day May 8, if gains
hold
    ** Hydrogen projects developer says it will collaborate with
Norwegian Hydrogen AS to develop a large-scale production plant
for green hydrogen at Ørskog, Norway.
    ** Co says project will utilise its solution for storing and
transporting compressed hydrogen to Europe
    ** Co adds, the hydrogen plant will have a capacity of 270
Megawatts when fully developed, with a production capacity of
40,000 tonnes of green hydrogen annually
    ** PV1 stock hits its highest level since June 8
    ** Stock down ~13% YTD as of last close


($1 = 1.4725 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))