RCS - GETECH Group plc - Natural Hydrogen Collaboration

GetechAnnouncement

09/12/2024 07:00

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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
(https://nath2investing.com/)

 

 Getech Group plc

 Richard Bennett, CEO                             Tel:  0113 322 2200

 Cavendish Capital Markets Limited

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

 Michael Johnson / Dale Bellis (Sales)

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

 

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 (http://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/
(https://nhventures.dk/)

 

 

 

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