Provaris Energy has launched a gaseous hydrogen floating storage concept called H2Leo that has been granted Approval in Principal by ABS.
As explained, H2Leo has a design capacity range of 300 to 600 tonnes of hydrogen, expandable to up to 2,000 tonnes. This solution provides the global hydrogen industry with an energy efficient and cost-effective storage solution.
The floating storage solution is suitable for various hydrogen supply chains and applications, including bunkering for the maritime sector, intermittent/buffer storage for green hydrogen production, and long-duration storage for excess renewable energy.
“Provaris sees the development of a floating storage solution as a natural extension of its compressed hydrogen IP, providing an alternative to current high-cost bulk-scale storage solutions and improving the economics of its existing projects. We believe a floating storage solution will complement our pipeline of hydrogen production and transport projects and decrease timelines to first revenues and IP commercialisation” , said Provaris’ Managing Director & Chief Executive Officer, Martin Carolan.
According to Provaris, over the last 18 months, it has been studying ways of leveraging its shipping IP, engineering and Class approvals obtained to date on cargo containment and ship designs, to develop a solution for the industry that is in need of hydrogen storage at scale.
The H2Leo is a flexible hydrogen floating storage unit that can be optimized in size, capacity, and operations for different applications.
..said Provaris’ Chief Technical Officer, Per Roed.
Its SIMOPs capability allows for continuous operations, and it has a large working deck and hull for installing auxiliary systems such as compression and H2 bunkering. Provaris is developing production capacity for cargo tanks that can be operational for floating storage by 2025.
..added.
Provaris has also two compressed hydrogen carriers in development, the H2Neo and the H2Max, designed to align with product supply and regional trade. The newly developed H2Leo extends the compressed hydrogen’s flexibility to include floating storage solutions, expanding the market application of our IP beyond the supply chain. Carrier volumes can exceed production capacity, with selection based on shipping distance and hydrogen volumes.
