GETECH Group plc Extension of exclusivity with Shoreham Port (2259A)

TIDMGTC

RNS Number : 2259A

GETECH Group plc

22 September 2022

22 September 2022

Getech Group plc

("Getech" or the "Company")

Getech's collaboration with Shoreham Port Green Energy Hub moves forward with exclusivity extended to 2027

Getech (AIM: GTC), the geoenergy and green hydrogen company, announces further progress with its Shoreham Port Green Energy Hub, with the extension of exclusive rights for the development of all port-based hydrogen, ammonia and new onshore wind and solar generation capacity through to August 2027.

In November 2021, Getech announced a period of exclusivity for two years with Shoreham Port, West Sussex, through a Collaboration Agreement. Having completed an extensive engineering programme demonstrating commercial feasibility for the Green Energy Hub, Getech's exclusivity has now been extended by the Shoreham Port for a 5-year period, taking the project through development, to planned first green hydrogen production and beyond.

Shoreham Port is holding its public-facing Sustainability Week from 29 September to 1 October 2022, where the Green Energy Hub will be one of the portfolio of projects presented.

Dr Jonathan Copus, Getech CEO commented:

" We are pleased with the progress we have made working in close collaboration with Shoreham Port. The updated agreement signed today, with a significantly extended exclusivity period, is a clear statement of intent of the partnership to push forward to develop green hydrogen at the port, contributing to decarbonisation across the Southeast of England."

Tom Willis, CEO of the Shoreham Port said:

"We are delighted to be continuing the partnership with Getech to develop the Shoreham Port Green Energy Hub. As a Trust Port we have been operating for the benefit of the community for 260 years. This pioneering project has the potential to make a significant contribution to decarbonising the region, creating more good quality local jobs, attracting investment and improving air quality for everyone".

For further information, please contact:

 
 Getech Group plc                                    Tel: [phone] 
  Dr Jonathan Copus, Chief Executive 
 
 
 Cenkos Securities plc 
  Neil McDonald / Pete Lynch (Corporate Finance) 
  Michael Johnson / Dale Bellis (Sales)                Tel: [phone] 
 
 
   Camarco                                             Tel: [phone] 
   James Crothers / Toby Strong / Charles Dingwall 
 

Notes to editors:

Getech Group plc (AIM: GTC) applies its world-leading geoscience data and unique geospatial software products to accelerate the energy transition by locating, developing and operating geoenergy and green hydrogen projects.

For further information, please visit www.getech.com.

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September 22, 2022 02:01 ET (06:01 GMT)