Provaris Energy completes a $1 million (€876,300) capital raising round to progress the next phase of its hydrogen and liquid CO2 development programmes in 2026.
The funding will support milestones including Provaris’ Robotic Innovation Centre in Norway, which includes the fabrication and testing of its hydrogen prototype tank and liquid CO2 tank components; its partnership with Yinson for a liquid CO2 tank development programme; and the strengthening of working capital for business development, existing partnerships and corporate activity.
Martin Carolan, managing director and CEO of Provaris, comments: ‘This capital raise ensures we remain on track to deliver the technical milestones that matter most for our shareholders. The support from both new and existing investors recognises the progress we are making across the hydrogen and liquid CO2 programmes. 2026 is a pivotal year for Provaris and the work underway in Norway, combined with Yinson’s continued backing of the liquid CO2 FEED programme, positions us to demonstrate the capability, scalability and commercial relevance of our storage and transport solutions. We are focused and committed to converting this technical progress into long-term value for shareholders.’
