Provaris Energy launches floating hydrogen storage system

Australia’s Provaris Energy has today (April 19) launched a floating gaseous hydrogen storage solution, designed to hold 300 to 600 tonnes of hydrogen at a fraction of the cost of onshore infrastructure.

Dubbed H2Leo, the solution has already received an Approval in Principle (AiP) from the American Bureau of Shipping (ABS) and is hoped to provide the global hydrogen industry with an energy efficient and cost-effective storage solution.

Targeted to cost $0.2-0.3m per tonne of hydrogen ($200-300/kg hydrogen) Provaris says H2Leo will make the storage system “significantly cheaper than onshore solutions.”

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