Acquisition of H2 Green Ltd by Getech Group plc
H2 Green is proud to announce that Getech Group Plc has completed its option to acquire the entire issued share capital of H2 Green, bringing us under its wing as a wholly owned subsidiary.
Getech and H2 Green will work together to locate, rank, and build a network of large-scale hydrogen generation, storage, and refuelling hubs. This will create a highly efficient UK-wide network able to support public and heavy-duty transport fleets.
In undertaking this work, Getech will model real-world data to predict patterns of hydrogen use: work that will lead to an understanding of the locations for the hydrogen hubs and enable H2 Green to deliver a low-cost national network of reliable clean hydrogen for the UK.
Jonathan Copus, Chief Executive Officer of Getech commented:
“The hydrogen economy is an exciting growth area where we see material potential to apply Getech’s geoscience and geospatial expertise in work for existing and new energy customers.
We are therefore delighted to be using our core skills to support the creation of a national hydrogen infrastructure.
This work also demonstrates Getech’s adaptability and our focus on the broader hydrogen economy including the potential to apply our geoscience expertise to challenges associated with carbon capture and seasonal hydrogen storage.”
Luke Johnson, Managing Director of H2 Green commented:
“Hydrogen looks set to become an important energy vector for transport decarbonisation – particularly in heavy goods and commercial vehicles with high rates of utilisation.
H2 Green’s vision is to provide hydrogen at or below the cost of conventional fuels, helping our customers make the journey to a carbon free business.
In principle you can produce hydrogen wherever you have power and water. The challenge lies in doing it cost effectively. Getech’s GIS capabilities have been central to helping quantify the best possible locations for generation, storage, and supply to our customers – allowing us to drive costs as low as possible, which we can pass along as a lower cost fuel.”