GETECH Group plc Extension of exclusivity with Shoreham Port (2259A)
September 22 2022 - 1:01AM
UK Regulatory
TIDMGTC
RNS Number : 2259A
GETECH Group plc
22 September 2022
22 September 2022
Getech Group plc
("Getech" or the "Company")
Getech's collaboration with Shoreham Port Green Energy Hub moves
forward with exclusivity extended to 2027
Getech (AIM: GTC), the geoenergy and green hydrogen company,
announces further progress with its Shoreham Port Green Energy Hub,
with the extension of exclusive rights for the development of all
port-based hydrogen, ammonia and new onshore wind and solar
generation capacity through to August 2027.
In November 2021, Getech announced a period of exclusivity for
two years with Shoreham Port, West Sussex, through a Collaboration
Agreement. Having completed an extensive engineering programme
demonstrating commercial feasibility for the Green Energy Hub,
Getech's exclusivity has now been extended by the Shoreham Port for
a 5-year period, taking the project through development, to planned
first green hydrogen production and beyond.
Shoreham Port is holding its public-facing Sustainability Week
from 29 September to 1 October 2022, where the Green Energy Hub
will be one of the portfolio of projects presented.
Dr Jonathan Copus, Getech CEO commented:
" We are pleased with the progress we have made working in close
collaboration with Shoreham Port. The updated agreement signed
today, with a significantly extended exclusivity period, is a clear
statement of intent of the partnership to push forward to develop
green hydrogen at the port, contributing to decarbonisation across
the Southeast of England."
Tom Willis, CEO of the Shoreham Port said:
"We are delighted to be continuing the partnership with Getech
to develop the Shoreham Port Green Energy Hub. As a Trust Port we
have been operating for the benefit of the community for 260 years.
This pioneering project has the potential to make a significant
contribution to decarbonising the region, creating more good
quality local jobs, attracting investment and improving air quality
for everyone".
For further information, please contact:
Getech Group plc Tel: 0113 322 2200
Dr Jonathan Copus, Chief Executive
Cenkos Securities plc
Neil McDonald / Pete Lynch (Corporate Finance)
Michael Johnson / Dale Bellis (Sales) Tel: 0207 397 8900
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.
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END
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