RCS - GETECH Group plc - Getech expands services to natural hydrogen

GetechAnnouncement

07/08/2023 07:00

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RNS Number : 4280I  GETECH Group plc  07 August 2023

7 August 2023

 

 

Getech Group plc

("Getech" or the "Company")

Getech to unlock natural hydrogen exploration sites

Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased
to announce that its services now include the ability to predict the location
of natural hydrogen deposits in the subsurface. The Company has successfully
combined knowledge of natural hydrogen's genetic systems with Getech's
proprietary data platform, products and machine learning analysis to deliver
this expanded service.

Getech's approach categorises sources, migration paths, reservoir traps and
seals which are then integrated with its data tools including the Globe
digital platform, which models the earth's subsurface and uses computational
modelling and AI machine learning to provide favourability maps, identifying
the sweet spots for developing natural hydrogen.

Historically focused solely on finding oil & gas reserves, Getech has been
expanding its search capabilities to locate new sources of energy and mineral
resources to meet the significant demand driven by the energy transition. The
focus in the last two years has been on developing new solutions to target
sediment-hosted copper, zinc-lead and sedimentary lithium deposits.

Evidence suggests there are vast reserves of clean, geologic hydrogen beneath
the earth's surface that can accelerate the energy transition. Hydrogen can
produce clean energy with only water as a byproduct and the gas can be used as
a carbon free fuel for vehicles, for power generation and in many other
industrial applications.

Richard Bennett, Executive Chairman of Getech said: "Locating valuable assets
in the subsurface is what we do and we have been doing it successfully for 30
years. The energy transition has created substantial commercial demand for a
raft of new minerals and energy sources. In response, we have been reseting
our digital data platform, Globe, to assist existing and new customers to find
what they are looking for. Natural hydrogen is anticipated to be a major
future energy resource and we expect the exploration industry will be keen to
utilise our expertise, especially given our reputation for successfully
locating other types of energy sources and our ability to provide data simply
and compatibly."

For further information, please contact:

 

 Getech Group plc

 Richard Bennett, Chairman                          Tel:  0113 322 2200

 Cenkos Securities plc

 Neil McDonald / Pete Lynch (Corporate Finance)     Tel:  0207 397 8900

 Michael Johnson / Dale Bellis (Sales)

 Novella Communications                             Tel: 0203 151 7008
 Tim Robertson / Claire de Groot / Safia Colebrook
 getech@novella-comms.com

 

Notes to editors:

 

About Getech

 

Getech (AIM: GTC) helps countries and companies to manage their natural
resources and energy infrastructure to assist in the delivery of a successful
energy transition to a net zero economy. Blending unique earth science data
with advanced analytics and AI, we locate the essential energy and mineral
resources for the energy transition. Our focus is on scalable projects that
can deliver meaningful impact across industries including oil and gas,
critical minerals, carbon storage, geothermal, and energy storage.

 

For further information, please visit www.getech.com
(http://www.getech.com/) .

 

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