Prototype Tank Progress and Site Visit by Partners
Released
Released
Announcement PDF
ASX ANNOUNCEMENT & MEDIA RELEASE | 04 December 2025
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Robotics Facility to be a Game-Changer for H2 and
CO2 Tank Production
HIGHLIGHTS:
• Commissioning of Robotic Cell complete, with welding rates ramping up.
• Site visit by strategic partners for both H2 and CO2, including "K" Line, Yinson Production,
Harbour Energy, and Clarksons.
• CO2 FEED Program to leverage the learnings from the H2 Prototype Tank and IP
• Video update from CEO and CTO
OSLO: Provaris Energy Ltd (ASX: PV1, Provaris, the Company) is pleased to provide an update on
activities at the Company’s robotic cell and H2 Prototype Tank in Norway, including a recent site visit by its key
partners for both the H2 and CO2 development programs.
Provaris’ Managing Director and CEO, Martin Carolan, commented: “We are pleased with the
progress made on the H2 prototype post commissioning, with welding rates to increase through December.
The robotic cell now demonstrates our unique design for large tanks, allowing partners to quickly understand
and observe the laying of carbon steel plate through live precision fabrication performed by the robots.”
Innovation Centre location at Fiskå, Norway and delegation, November 2025
Commissioning Complete & Site Visit by "K" Line, Yinson and Harbour Energy
With all commissioning activities for the installed robotic cell complete, fabrication of the H2 Prototype Tank is
underway using robotics for plate handling and laser-welding. Welding rates of the layered plate design will
ramp up through December 2025 to support our target for completion of fabrication in the 1st quarter of 2026
and undertake testing. The successful completion of an extensive pressure testing program will be a key
milestone to receive final approvals from Class for the H2Neo carrier.
During November, Norway provided an early winter to welcome a delegation to the Robotics Innovation Centre
located at Fiskå, on the West Coast of Norway. It was an opportunity to showcase the installed robotic cell and
demonstrate the robotic automation for plate-handling and laser-welding of our world-first H2 prototype tank.
The delegation including partners across H2 and CO2 joined us for this milestone occasion being the first site
visit by technical and commercial teams. The site visit included management from "K" Line (Kawasaki Kisen
Kaisha, Ltd), Yinson Production AS, Harbour Energy Plc, and our advisers Clarksons Norway AS.
The collaborations with industrial partners for H2 and CO2 are a testament to the relevance of Provaris’ solutions.
The installed robotic cell is a showcase for Provaris’ innovation in design and fabrication that can deliver Norway
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a strategic early-mover position for industrial H2 supply and maritime transport to Germany. In parallel Norway
is also strategically placed to be a key hub for the storage and injection of Europe’s captured CO2. Large scale
solutions for storage and transport are critical for both H2 and CO2 to unlock these markets.
Innovation Centre site visit November 2025.
“K” Line to Drive Commercialisation of H2Neo
Provaris continues to deepen the partnership with “K” Line through the completion of technical and commercial
activity under the MOU. This includes completion of a three-day visit to Norway in November to further “K”
Line’s understanding of the Norwegian market and our technical program. The trip included workshops across
various technical, operational and commercial development areas for H2 shipping as we define the fleet
ownership structure and commercial terms for the hydrogen carriers in 2026.
The combination of Provaris’ in-house technical and shipping expertise and “K” Line’s global ship operations and
financial strength is now enhanced by the verification of the robotics facility to demonstrate to shipyards and
H2 supply and offtake stakeholders how to build large carbon steel tanks using advanced automation and
robotics laser, and laser-hybrid welding which are proven technologies.
CO2 FEED Program to Leverage the learnings from the H2 Prototype Tank and IP
Provaris is well advanced in the FEED design phase of a 25,000 cbm low-pressure LCO2 tank for integration with
Yinson’s FSIU for offshore storage and injection. The site visit was an important verification step for management
from Yinson, and their partners in the CO2 supply chain “K” Line and Harbour Energy, to visualise the layered
tank design that is being transferred to the CO2 tank for the FSIU and see first-hand how fabrication taking
place of large steel plates is performed.
We view our designs for CO2 tanks can be a game-changer for the industry to unlock the scale and cost ambitions
in storage, injection and marine transport.
Further updates on the FEED project with Yinson will be made in line with interim milestones, including the main
target to be ‘FID ready’ mid-2026. Simultaneously, Provaris and Yinson have initiated consultations with Asian
shipyards to evaluate the feasibility and cost associated with constructing the full-scale tank CO2 design.
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Hear from Provaris CEO and CTO onsite at Fiskå
For more details on the Robotic Cell and protype tank, please view the short video with Provaris CEO Martin
Carolan and CTO Per Roed located onsite at Fiskå, Norway (here)
We look forward to providing regular progress updates on the H2 Prototype Tank.
- END -
This announcement has been authorised for release by the CEO of Provaris Energy Ltd
For further informationplease contact:
Norm Marshall Martin Carolan
Company Secretary Managing Director & CEO
+61 481 148629 +61 404 809019
nmarshall@provaris.energy mcarolan@provaris.energy
Sydney | Oslo
Provaris
We encourage shareholders and potential investors to utilise our InvestorHub for any enquiries regarding
this announcement or other areas related to Provaris. This platform offers an opportunity to submit
questions, share comments, and view video summaries of all announcements, media and relevant industry
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To access Provaris InvestorHub please scan the QR code or visit https://investors.provaris.energy/
About Provaris Energy
Provaris Energy Ltd (ASX: PV1) is advancing innovative Compressed Hydrogen (H2) and Carbon Dioxide (CO₂) storage and
transport solutions through proprietary tank designs for storage maritime gas carriers, and integrated supply chain
development. Focused on simplicity, efficiency and scalability, Provaris enables regional supply chains that support the global
energy transition. www.provaris.energy
Disclaimer: This announcement may contain forward looking statements concerning projected costs, approval timelines, construction
timelines, earnings, revenue, growth, outlook or other matters (“Projections”). You should not place undue reliance on any Projections,
which are based only on current expectations and the information available to Provaris. The expectations reflected in such Projections are
currently considered by Provaris to be reasonable, but they may be affected by a range of variables that could cause actual results or trends
to differ materially, including but not limited to: price and currency fluctuations, the ability to obtain reliable hydrogen supply, the ability to
locate markets for hydrogen, fluctuations in energy and hydrogen prices, project site latent conditions, approvals and cost estimates,
development progress, operating results, legislative, fiscal and regulatory developments, and economic and financial markets conditions,
including availability of financing. Provaris undertakes no obligation to update any Projections for events or circumstances that occur
subsequent to the date of this announcement or to keep current any of the information provided, except to the extent required by law. You
should consult your own advisors as to legal, tax, financial and related matters and conduct your own investigations, enquiries and analysis
concerning any transaction or investment or other decision in relation to Provaris. $ refers to Australian Dollars unless otherwise indicated.
ASX.PV1 @ProvarisEnergy Provaris Energy Ltd. info@provaris.energy
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