LONDON - Getech Group plc, a global provider of subsurface resource location services, has secured two contracts with Kingfisher (LON:KGF) Energy Corporation to identify natural hydrogen and helium deposits in Canada. The announcement made at the Paris H-NAT 2024 conference indicates a collaborative effort to analyze a Canadian region identified by Kingfisher with significant potential for these resources.
The contracts, which are already underway, leverage Getech's expertise in gravity and magnetics, as well as its geoscience knowledge, to complement Kingfisher's technical proficiency and local data access. Getech's approach includes a data-driven analysis using artificial intelligence (AI) to map out the subsurface and pinpoint areas with commercial viability for hydrogen and helium extraction.
Getech's CEO, Richard Bennett, expressed enthusiasm about partnering with Kingfisher, citing the company's extensive global data sets and interpretation capabilities as a competitive edge in the emerging markets for hydrogen and helium. Co-CEOs of Kingfisher, Brian Glover and Murray Rodgers, also acknowledged the strengthened position their company now holds in advancing clean energy projects in North America due to the collaboration.
The growing investor interest in natural hydrogen and helium globally is a backdrop to this partnership. Kingfisher is planning to expand its exploration strategy for these resources, and a strategic collaboration agreement has been signed with Getech to extend their partnership beyond the first quarter of 2025.
Getech, listed on the London Stock Exchange (LON:LSEG)'s Alternative Investment Market (AIM) under the ticker symbol GTC, is recognized for its geoscience expertise, AI analytics, and geographic information system (GIS) capabilities. Kingfisher Energy Corporation, a private firm incorporated in Alberta, Canada, in 2022, aims to become a leading producer of helium and hydrogen with a strong commitment to environmental responsibility and community engagement.
This news is based on a press release statement and reflects the ongoing developments in the sector of clean energy resource exploration.
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