Getech announces strategic collaboration with Natural Hydrogen Ventures

Through this partnership Getech will:

• Screen NHV’s prospective natural hydrogen projects thereby helping them to de-risk their portfolio.
• Enhance its position with its own natural hydrogen exploration clients through the ability to introduce NHV as a potential key investor.
• 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 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.”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/09122024/getech-announces-strategic-collaboration-with-natural-hydrogen-ventures/