There has been some exciting and positive news from Getech (GTC) this morning, a company where I am15 Nov 2021 16:51
There has been some exciting and positive news from Getech (GTC) this morning, a company where I am invested and one that I have covered here on a few occasions now.
The news concerns its increasing presence across the Hydrogen space, which having been spoken of by the company over the last year, today brings some real structure to the potential for GTC and investors going forward.
Via its wholly owned subsidiary H2 Green, the company has signed a major agreement to develop what will be its first clean energy hub at the port of Shoreham, on south coast.
The deal is exclusive to GTC with the firm focus being on the development of Hydrogen, Ammonia and new onshore wind and solar development capacity.
It is certainly positive news and something investors had been keeping an eye out for, which provides further credibility to the story and the path ahead.
In order to find out more on the story I have been fortunate enough to speak with CEO Jonathan Copus once again, to hear more on this deal, along with the prospects ahead and what investors should be looking out for in the future.
“This is exciting news and an exciting opportunity for us” says Copus “and we have been working with Shoreham for some months.
“We have got to a stage now, where we are there and can really see this vision for the hub”.
Going on, the CEO adds that it is particularly exciting because it is very scalable and the project will now build up through a series of phases.
“The first focus will be on core vehicles, followed by all of those that are coming in and out of the port and then, this really interesting step which will link Shoreham and the project up to International Hydrogen markets through Ammonia”.
Copus adds that the thing about the Hydrogen projects is that you scale the investment with the demand that you have and that all of the related equipment on this side is of a modular nature.
“You then build to satisfy the demand, but probably build a bit more than you can see as by establishing the facility you are effectively planting a seed and breaking down the barriers to others adopting Hydrogen.”
With over 800 heavy goods vehicles entering the Shoreham port on a daily basis the project looks to be a great start in the programme of developing assets across the Hydrogen space for the company.
Elaborating further on this, Copus adds, that in talking about a project which is in excess of eight tonnes and moving to ten-fifteen tonnes then you aren’t going to be building that in day one, where there will be a pathway.
n terms of funding the project he says that the strategy remains the same, in financing it at the asset level which isn’t too capital intensive and which isn’t unusual in such situations.
From there, he builds out the developing picture where he comments, “in the past we have talked about three groups of potential funding partners who we are talking to. One of those is strategic investors and these are people who are established in the u
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