Provaris Energy (ASX:PV1) entered into a non-binding collaboration memorandum of understanding for the use of its compressed storage and shipping platforms to transport hydrogen from Norway to Germany, according to a Wednesday Australian bourse filing.

The company signed the memorandum with a Norwegian joint venture hydrogen project development company and a major German multinational energy company.

The collaboration is targeting hydrogen production and long-term offtake volumes of up to 30,000 tonnes per annum, the filing said.

In the same filing, the company said a key milestone was achieved under an agreed program with Yinson Production, leading to an expansion of the technical development program.

The company is targeting to sign a term sheet by June.