Getech Secures 3 New Contracts to Advance Natural H2 Exploration
- Apr 14, 2024
- 3 min read
Getech, an exploration technology company, announced three new contracts aimed at exploring natural hydrogen. The contracts include a joint venture with a major European industrial and energy company and two additional agreements with existing clients in Eastern Europe and the USA. Collectively, these deals are expected to generate £390k over three years and involve Getech's innovative use of proprietary geologic modelling, AI technology, and extensive subsurface data to identify and develop potential hydrogen deposits. The joint venture also grants Getech a 5% equity interest in any licenses obtained, with the company being carried through the exploration phase.