GTC Getech Group Plc

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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August 07, 2023 02:00 ET (06:00 GMT)

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