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RNS Number : 4475J

GETECH Group plc

27 April 2022

27 April 2022

Getech Group plc

("Getech" or the "Company")

Groundworks commence at Inverness green hydrogen site

Getech, a geoenergy and green hydrogen company, is pleased to announce the commencement of demolition works at the former SGN Commercial Services ("SGN") gas holder site in Inverness.

Demolition and clearance of the site is being undertaken by SGN, and is expected to take 12 weeks. Following completion of this work, Getech will begin the development of its planned green hydrogen facilities, subject to necessary approvals.

Concurrently, Getech continues to progress the engineering design of the Inverness green hydrogen production, storage and dispensing facilities, which it intends to expand into a regional Highlands hydrogen network.

Getech's Chief Executive Office, Dr Jonathan Copus, commented:

"Today marks the start of the groundworks needed to progress our green hydrogen hub i n Inverness . The hub, which is located between the city's rail depot and the industrial area, is uniquely positioned to supply large-volume anchor transport customers.

"The facility, planned to scale over time to a 20 MW capacity, producing c.8 tonnes of green hydrogen each day, will supply rail demand from Inverness station and a significant portion of the area's heavy goods vehicles and bus fleets. We share a vision with SGN and the Highland Council to establish the Inverness hub as an anchor asset for a world-class green hydrogen network spanning the Scottish Highlands. This network will support job creation, deliver energy security and provide a sustainable path for the region's net zero transition.

"Through the application of our geospatial and economic analytics, Getech is ideally positioned to accelerate the adoption of green hydrogen and to grow its market share in the energy transition. With the UK government targeting at least 50% of its 10 GW by 2030 hydrogen production to come from green hydrogen, we look forward to replicating and scaling our operations, both in the UK and internationally ."

Marcus Hunt, Director of Commercial Services and Investments at SGN, said:

"It's great to see the start of the re-generation of SGN's redundant gas holder site in Inverness. SGN and Getech are aligned around the concept of making green hydrogen a reality in the Highlands and the UK. The opportunity to transform redundant industrial sites, like this one, into green hydrogen transport hubs is a great example of how hydrogen offers a path to revitalising the country's infrastructure on the journey to a low-carbon economy. This project is an important foundation which could help accelerate the Highlands' broader hydrogen economy and support the UK's journey to net zero."

For further information, please contact:

 
 Getech Group plc                                    Tel: 0113 322 2200 
  Jonathan Copus, Chief Executive 
 
 Cenkos Securities plc                                Tel: 0207 397 8900 
  Neil McDonald / Pete Lynch (Corporate Finance) 
  Michael Johnson / Dale Bellis (Sales) 
 
  Camarco                                             Tel: 020 3781 8331 
   James Crothers / Toby Strong / Charles Dingwall

Notes to editors:

Getech Group plc (AIM: GTC) applies its world-leading geoscience data and unique geospatial software products to accelerate the energy transition by locating, developing and operating geoenergy and green hydrogen projects.

For further information, please visit www.getech.com .

SGN Commercial Services is part of the SGN group, who own and operate the gas distribution networks in the south of England, across Scotland and in the west of Northern Ireland. The Group provides a wide-range of specialist and gas-related professional services, operating throughout the UK. SGN's safety-first culture provides bespoke commercial services and green gas solutions to the Group's clients, allowing them to better meet their business needs today and in the future.

Eversholt Rail is a leading rolling stock company in the UK, with over 25 years of experience in the rail industry. Its rolling stock portfolio currently comprises over 3,200 passenger and freight vehicles. Eversholt Rail has a proud record of innovation and is currently engaged in several major programmes to help the UK rail industry to meet its decarbonisation commitments.

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April 27, 2022 02:01 ET (06:01 GMT)

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