Getech, a world-leading locator of subsurface resources, has announced 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 recognized 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 monetize 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 decarbonize and is estimated to meet the world’s energy demand for hundreds of years.
In August 2024, utilizing 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 here.