REG - GETECH Group plc - Extension of exclusivity with Shoreham Port

GetechAnnouncement

22/09/2022 07:00

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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:  0113 322 2200

 Dr Jonathan Copus, Chief Executive

 Cenkos Securities plc

 Neil McDonald / Pete Lynch (Corporate Finance)

 Michael Johnson / Dale Bellis (Sales)             Tel:  0207 397 8900

 Camarco                                           Tel: 020 3781 8331

 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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