H2 Market Meetup - Kvina Energy & Provaris Energy

Kvina Energy

Kvina Energy will be built in Kvinesdal, Norway, close to the central power grid and European power transfer cables.

Sira Kvina is one of the local power companies providing us with clean hydropower. Their installed energy is 1770 MW, totaling a massive 13% of Europe’s magazined water.

Four nearby wind power sites provide up to 530 MW, and solar energy is a growing industry in the south of Norway. Germany and the Netherlands have direct cable connections to our site, and power flows both ways.

Already, we have 500 MW available to our lot, and are preparing for another 500 MW in step 2.

Provaris Energy

Provaris is developing integrated green hydrogen projects for export to regional markets through the simplicity and efficiency of compressed hydrogen.

Provaris is developing a portfolio of integrated green hydrogen projects, leveraging innovative compressed shipping IP and a focus on value creation through innovative development that aligns with our business model of simplicity and efficiency.

The choice to support all of the development phases of a project is in line with Provaris’ strategic desire to develop and invest in profitable hydrogen projects across the value chain, with a measured risk profile, and to retain an equity position of these assets over the long term.