GETECH Group plc Natural Hydrogen Collaboration

RNS Number : 2361P

GETECH Group plc

09 December 2024

 

9 December 2024

Getech Group plc

("Getech" or the "Company")

Getech Announces Strategic Collaboration with Natural Hydrogen Ventures

Getech, a world-leading locator of subsurface resources, is pleased to announce a strategic collaboration with Natural Hydrogen Ventures ('NHV'), the world's first natural hydrogen investment fund. Getech is expert in identifying locations with natural hydrogen potential in the sub-surface (also known as 'geologic' or 'white' hydrogen) and NHV provides early-stage funding to natural hydrogen exploration companies. Through this partnership Getech will: (i) screen NHV's prospective natural hydrogen projects thereby helping them to de-risk their portfolio; (ii) enhance its position with its own natural hydrogen exploration clients through the ability to introduce NHV as a potential key investor; and (iii) expand its contact and the potential for revenue generation within the sector through direct contact with NHW's client base. 

Getech has built its reputation as a leading service and data provider for geological hydrogen exploration through leveraging its world-leading gravity and magnetics database, its unique geoscience platform, Globe, and advanced machine learning algorithms. NHV, as a global investor in the emerging natural hydrogen industry, has recognised the strategic value of Getech's capabilities in evaluating potential investments in the natural hydrogen sector and the likely benefits this will have in terms of de-risking their growing portfolio of investments.

The bundling of Getech's technical expertise and NHV's financing capability offers an integrated and therefore attractive solution to natural hydrogen explorers seeking both data-led screening and new capital. Demonstrating this, the collaboration has already resulted in the successful completion of a revenue-generating project, underscoring the immediate benefits of this partnership to both companies. Furthermore, the partnership aligns with Getech's strategy to monetise its natural hydrogen location solutions by expanding its global client base.

Richard Bennett, CEO at Getech, commented:

"We expect to significantly broaden our reach through this important partnership, presenting our capabilities to a wider array of potential customers in the natural hydrogen sector. By combining our technical expertise with the financial resources and strategic insight of Natural Hydrogen Ventures, we are well-positioned to accelerate the discovery of this promising energy resource, contributing to a more sustainable future."

Morten Stahl, Founding Partner at Natural Hydrogen Ventures, commented:

"We are very excited about this partnership. Getech's expertise will be instrumental in helping us de-risk our investment portfolio, allowing us to focus on the most promising exploration projects. This collaboration not only benefits our stakeholders but also supports the global energy transition."

Background

Natural hydrogen, a potentially transformative new energy source, is naturally produced without CO2 emissions and is as cost-effective as fossil fuels, with a production cost of approximately $1 per kilogram - making it 2-5 times cheaper than other types of hydrogen. The current global hydrogen market, already valued at $130 billion is projected to significantly grow. Naturally produced hydrogen will enable this sector to decarbonise and is estimated to meet the world's energy demand for hundreds of years.

In August 2024, utilising its in-depth knowledge of the industry, Natural Hydrogen Ventures launched the Natural Hydrogen Index (NHV NatH2 Index), the first index tracking the 10 most relevant publicly traded companies in the natural hydrogen sector. Getech is among these companies. The equal-weighted index includes those with the highest exposure to natural hydrogen, based on the estimated percentage of their activities dedicated to this emerging resource. The index is measured in USD, providing investors with a clear view of the sector's top players.

Follow the NHV NatH2 Index and the wider industry at NatH2investing.com

 

Getech Group plc Richard Bennett, CEO	Tel:  [phone]
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)	Tel:  [phone]
Novella Communications	Tel: [phone]
Tim Robertson / Safia Colebrook
[e-mail]

 

Notes to editors:

 

About Getech

Getech is a leading locator of the energy and mineral resources essential for the world's energy transition. Getech's unique data encompassing the most recent 400 million years of Earth's evolution, coupled with its geoscience expertise, AI-driven analytics and extensive GIS capabilities, enables the company to provide valuable and actionable insights to support resource discovery and development.

The company's client portfolio is wide-ranging, from governments, municipalities, natural resources and energy companies to consumer goods and computing services companies, all striving to become energy and minerals self-sufficient and drive towards net zero.

Founded in 1994 Getech is listed on the Alternative Investment Market of the London Stock Exchange ("AIM"), with ticker symbol GTC.

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

 

About Natural Hydrogen Ventures

Natural Hydrogen Ventures is the world's first and only investment fund dedicated exclusively to the emerging natural hydrogen industry. Headquartered in Denmark and the United States, the fund invests in early-stage private companies involved in natural hydrogen exploration and the development of related technologies. With a global mandate, investments to date include pioneering ventures in the United States and Australia.

For further information, please visit https://nhventures.dk/ 

 

 

 

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