RCS - GETECH Group plc - Milestone achieved in Inverness

GetechAnnouncement

14/12/2022 07:00

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RNS Number : 5962J  GETECH Group plc  14 December 2022

RNS Reach

14 December 2022

Getech Group plc

("Getech" or the "Company")

 

Milestone achieved at green hydrogen hub in Inverness

 

Getech (AIM: GTC), the geoenergy and green hydrogen company, is pleased to
announce the completion of the first step in developing the Inverness green
hydrogen hub. Working with SGN Commercial Services, phase one has seen the
successful deconstruction of Inverness' former gas holder, paving the way to
convert a legacy natural gas holder site into a future green hydrogen storage
and distribution facility.

The site forms an important element of Getech's broader hydrogen network
development for the Scottish Highlands. Situated alongside Inverness' rail
head, it is ideally positioned to supply clean fuel to the hydrogen trains
that will operate in this region.

The completion of phase one represents an encouraging step in the process to
develop a multi-hub green hydrogen network, with Inverness at its core.
Through revitalising this legacy gasworks as a green hydrogen hub, the site
can maintain its significance to energy storage and distribution in a net zero
future. This asset will kick start the decarbonisation of rail across the
Scottish Highlands by providing a facility specifically designed to service
hydrogen train fleets in the centre of the Scottish Highlands.

The time-lapse video of the gas holder deconstruction is available here:
https://getech.com/media/ (https://getech.com/media/)

 

Dr Jonathan Copus, Getech CEO, commented:

"The completion of demolition of the SGN gas holder site demonstrates tangible
progress in our hydrogen operations in Inverness and forms part of a range of
broader strategic initiatives being undertaken by Getech to achieve the
production, storage and supply of green hydrogen - supporting our ambition to
establish at least 500MW of new geoenergy and green hydrogen assets by 2030.
Hydrogen has a critical role to play in the clean energy transition and we
continue work closely with stakeholders, including The Highland Council, to
establish a network of green hydrogen hubs across the Scottish Highlands."

Marcus Hunt, Director, SGN Commercial Services, said:

"This is an important milestone in transforming the site of our old gas holder
to create a hydrogen supply and distribution hub, which will play a key role
in decarbonising transport across the Highlands and wider Scottish economy. It
will not only help reduce carbon emissions but will deliver jobs and skills
opportunities in the local area. We look forward to working with the Scottish
Government to help build the regulatory and policy frameworks that will
support the build out of the hydrogen economy at pace across Scotland."

Dr Nigel Holmes, Chief Executive Officer of the Scottish Hydrogen and Fuel
Cell Association, said:

"This project in Inverness is a pioneering example of the hydrogen economy's
potential to help decarbonise a number of sectors across Scotland. It builds
on a number of Scotland's existing success stories, from the expanding
hydrogen bus fleet in Aberdeen to the world-first H100 Fife project in
Levenmouth, that will be delivering green hydrogen for up to 300 customers
next year. With an abundance of renewable potential across the country, there
is a fantastic opportunity to generate even more hydrogen and put Scotland on
a clear path to reach net zero by 2045."

 

 

For further information, please contact:

 

 Getech Group plc                                 Tel:  0113 322 2200

 Dr Jonathan Copus, Chief Executive

 Cenkos Securities plc                            Tel:  0207 397 8900

 Neil McDonald / Pete Lynch (Corporate Finance)

 Michael Johnson / Dale Bellis (Sales)

 Camarco                                          Tel: 020 3757 4991

 Tom Huddart / 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 (http://www.getech.com)

 

SGN Commercial Services is part of the SGN group, who own and operate the gas
distribution networks in the south of England, across Scotland and in the west
of Northern Ireland. The Group provides a wide-range of specialist and
gas-related professional services, operating throughout the UK. SGN's
safety-first culture provides bespoke commercial services and green gas
solutions to the Group's clients, allowing them to better meet their business
needs today and in the future.

 

For more information, visit: www.sgncommercialservices.co.uk
(http://www.sgncommercialservices.co.uk)

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