Business
Getech expands senior team
Getech expands senior team.
About this update from Getech Group Plc
[{"type":"text","content":"\n \n \n \n 8 September 2022\n \n \n \n \n Getech Group plc\n \n \n \n \n (\"Getech\" or the \"Company\")\n \n \n \n \n Getech expands senior team to support development of hydrogen business\n \n \n \n Getech, the geoenergy and green hydrogen company, continues to build its hydrogen business following the acquisition of H2Green in 2021, with the appointment of Kathrin Schulz as the Group's European Hydrogen Business Development Director.\n \n \n Based in Berlin, Ms Schulz will be working to further support Getech's ambition to establish over 500MW of new geoenergy and green hydrogen assets by 2030 and progress the Company's growth in new areas of Europe.\n \n \n Implementing the Company's strategy for locating, developing and operating energy resources that accelerate the path to net zero, Getech is developing a network of green hydrogen hubs, co-located with wind and solar, to decarbonise transport and industrial sectors.\n \n \n An update on Getech's current hydrogen development activities will be included in the Company's interim results released later in September.\n \n \n Getech CEO, Dr Jonathan Copus, commented:\n \n \n \"This is an exciting time for Getech, as we expand our team with the focus to develop a more resilient energy system and accelerate the pathway to net zero. Green hydrogen can provide clean power for transportation and industrial sectors that are hard to electrify, as well as energy storage to overcome intermittency and balance supply with demand. Against a backdrop of heightened energy supply uncertainty and price volatility, hydrogen can also play a pivotal role in improving energy security.\n \n \n Kathrin's appointment adds to our increasing presence in continental Europe, which is a natural home for our hydrogen production strategy.\n Hydrogen is a key part of carbon-reduction plans across Europe - at regional, national and EU level. The EU hydrogen strategy (July 2020) set green hydrogen as a top priority -\n \n with an objective to install at least 40GW of renewable hydrogen electrolysers by 2030 with production of up to 10 million tonnes of renewable hydrogen in the EU. This focus was further strengthened in response to Russia's invasion of Ukraine, with RePowerEU (May 2022)\n \n adding a target of\n \n 10 million tonnes of renewable hydrogen imports by 2030\n \n . In support of these initiati...