HyTerra (ASX:HYT) has signed a binding agreement with GeoKiln Energy Innovation to further enhance its global competitive advantage as a hydrogen explorer.
GeoKiln is a global company focused on engineered hydrogen and plans to unlock the next onshore energy revolution by producing clean, low-cost hydrogen directly from iron-rich rocks using oil and gas technology.
Both companies will jointly assess combined data within 90 days of executing the agreement, then complete a field assessment to define key geologic criteria and testing parameters.
The companies will then conduct an manufactured subsurface hydrogen (MSSH) demonstration within 12 months of executing and analysing the results to determine pathways to commercialisation.
HyTerra, which has a market capitalisation of $36.7 million, will provide geological data and access to a suitable existing or new well for the field demonstration.
GeoKiln will supply its MSSH technology and hardware, conduct modelling, well design and field deployment, as well as collect and analyse test data. The company will also cover all MSSH-related expenses.
MSSH is a thermally engineered geological hydrogen process designed to accelerate naturally occurring reactions and generate hydrogen predictably within the subsurface.
HyTerra Executive Director Benjamin Mee says this collaboration is a step forward for the company as it brings together two companies that complement each other’s values, skillsets, and expertise to deliver commercial outcomes.
GeoKiln CEO Alexei Tcherniak says the company’s mission is to apply sound science and engineered precision to unlock hydrogen generation within the subsurface in a commercially viable way.
“By combining our MSSH engineering technology with HyTerra’s exploration, appraisal, and operational expertise, we are laying the groundwork for the world’s first controlled field demonstration of thermally engineered geological hydrogen,” Tcherniak says.
HyTerra is focused on advancing its hydrogen and helium explorer in the US.
Write to Aaliyah Rogan at Mining.com.au
Images: HyTerra
