GETECH Group plc Getech expands services to natural hydrogen
07 Agosto 2023 - 1:00AM
RNS Non-Regulatory
TIDMGTC
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 .
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