Business
Agreement to Develop Clean Energy Hub
Agreement to Develop Clean Energy Hub.
About this update from Getech Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3099S\n GETECH Group plc\n 15 November 2021\n \n \n \n \n 15 November 2021\n \n \n Getech Group plc\n \n \n (\"Getech\" or the \"Company\")\n \n \n \n \n \n \n Agreement to Develop Clean Energy Hub for Shoreham Port, Sussex\n \n \n \n \n \n \n \n \n \n Getech, the \n g\n eoscience and geospatial technology provider and data-led energy asset developer\n , is pleased to announce that its wholly owned \n hydrogen subsidiary, H2 Green, has signed a Collaboration Agreement (the \"Agreement\") with Shoreham Port.\n \n \n The Agreement grants H2 Green exclusive rights for the development of all port-based hydrogen, ammonia, and new onshore wind and solar power generation capacity at the Port of Shoreham, West Sussex.\n \n \n \n \n \n Highlights:\n \n \n · \n H2 Green granted a two-year legally binding exclusive right to develop a renewable energy hub (the \"Hub\") at the Port of Shoreham, West Sussex.\n \n \n · \n Under plans submitted by H2 Green to Shoreham Port, the Hub will initially focus on the provision of green hydrogen and renewable electricity to the Port's fleet of 39 heavy forklift trucks and 12 heavy goods vehicles.\n \n \n o \n Green Hydrogen will be sourced by a scalable green hydrogen production, storage and refuelling facility - the economics of which will be optimised by its integration with new solar and wind electricity generation capacity. \n \n \n · \n The Hub will then be expanded to facilitate the decarbonisation of more than 800 heavy goods vehicles that enter Shoreham Port daily, and to provide fuel to port and coastal marine vessels.\n \n \n · \n To deliver a third phase of hydrogen supply growth, H2 Green plans an ammonia importation facility. Ammonia is a medium for international hydrogen transport that can connect Shoreham to large-scale, low-cost, green energy projects worldwide.\n \n \n · \n H2 Green anticipate that development of the Hub will remove 45,000 tonnes of CO2 emissions each year from the Port's fleet of trucks and HGVs and be a catalyst for the wider region's transport decarbonisation. \n \n \n \n \n \n In addition to the Port's fuel and energy demand, Industries operating in and adjacent to the Port, including gas-fired power generation, timber & steel handling and water treatment projects, are also potential customers fo...