Provaris Energy (ASX:PV1) agreed to collaborate with energy technology company Baker Hughes for the development of compressed hydrogen systems for marine transportation and storage, according to a Thursday filing with the Australian bourse.
The agreement, which replaces the 2024 memorandum of understanding, establishes a framework for advancing hydrogen export and import projects in Europe, the filing said.
Provaris Energy shares rose 6% in midday trade on Thursday.
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