Provaris Energy Secures $1.325M for Hydrogen Storage and CO2 Transport Development
Provaris Energy Ltd has raised $1.325 million through a share placement to develop hydrogen and CO2 transport technologies. The funding will support the development of prototype hydrogen storage tanks and liquid CO2 storage systems, primarily at its Robotic Innovation Centre in Norway, as well as certification work with Yinson Holdings. The share placement involved issuing 132.5 million shares at a discount to the market price and is expected to settle on 10 March 2026.
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Provaris Energy Ltd has raised $1.325 million through a share placement to institutional and professional investors for its 2026 development program focused on hydrogen and CO2 transport technologies. The oversubscribed placement involved 132.5 million shares priced at $0.01 each, with proceeds funding the development of a proprietary hydrogen prototype tank, Class Approval program, and liquid CO2 storage systems, in collaboration with Yinson Holdings. Settlement of the placement is anticipated on 10 March 2026, enabling Provaris to advance technical workstreams and explore commercial partnerships in hydrogen export and carbon management.
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