Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has successfully raised $1.08 million in a share placement aimed at institutional and sophisticated investors. The funding will facilitate the acceleration of the company's hydrogen and carbon dioxide (CO₂) infrastructure initiatives across Europe. Provaris is focusing on advancing its technical and commercial development programs for compressed hydrogen and CO₂ transport, highlighting its proprietary hydrogen prototype tank in Norway and collaboration with Yinson Production on a new CO₂ tank design. The placement, priced at $0.013 per share, includes participation from both new and existing investors, as well as director commitments totaling $52,000, pending shareholder approval. The capital injection is intended to help Provaris meet technical milestones for its flagship H2Neo™ hydrogen carrier and support the commercial rollout of specialized maritime solutions in line with tightening EU decarbonisation policies. Strengthening key partnerships in Europe, Provaris has launched joint ventures with Yinson and 'K' LINE to develop marine and offshore infrastructure for CO₂ transport and commercialize hydrogen carrier technologies, targeting regional supply chains in Europe and Asia. These collaborations position Provaris to provide integrated solutions for low-carbon shipping of hydrogen and CO₂, essential for achieving industrial decarbonisation and net-zero goals in Europe. The company plans to issue 83 million new shares with free attaching unlisted options, with settlement expected on 8 July 2025. This funding, along with partnerships and joint ventures, will bolster Provaris' work in hydrogen and CO₂, vital components in Europe's journey towards industrial decarbonisation and net-zero aspirations.