Getech has agreed to provide risk-reduction screening for Natural Hydrogen Ventures (NHV), while they support hydrogen exploration companies with early-stage funding.
Additionally, Getech will expand its contact and revenue generation potential within the natural hydrogen sector by directly contacting NHV’s client base. The British company is aiming to build its reputation as a “leading service and data provider for geological hydrogen exploration.”
It’s will to do this by leveraging its “world-leading” gravity and magnetics database, its geoscience platform Globe, and advanced machine learning algorithms. As a global investor, NHV has recognised these “strategic values” of Getech, which will de-risk their portfolio of investments.
H2 View understands that by pairing Getech’s technical expertise and NHV’s financing capability will offer an “integrated and attractive” solution to natural hydrogen explorers seeking both “data-led screening and new capital.”
A statement released by Getech claimed the collaboration has already resulted in the successful completion of a revenue-generating project, “underscoring the immediate benefits of this partnership to both companies.”
Richard Bennett, CEO at Getech, said, “By combining our technical expertise with the financial resources and strategic insight of NHV, we are well-positioned to accelerate the discovery of this promising energy resource, contributing to a more sustainable future.”
Founding Partner at NHV, Morten Stahl, added that the partnership would allow the investment fund organisation to “focus on the most promising exploration projects,” whilst de-risking its portfolio.
Analysis: Is natural hydrogen the next breakthrough or bust?
The next gold rush, a game-changer for decarbonisation and an underestimated resource: all terms used to describe natural hydrogen, which has grabbed an ever increasing number of headlines in recent months.
Formed by natural processes inside the Earth’s crust through processes such as serpentinisation and iron oxidation, natural hydrogen can accumulate in underground reservoirs. It has been coined as the climate solution under our feet and is capturing the minds of investors, entrepreneurs and policymakers alike, often touted as a low-cost, low-impact energy source.
While fossil fuel-based grey hydrogen costs less than $2/kg on average, many anticipate natural hydrogen costs, depending on deposit purity and depth, to be around $1/kg1.
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