29 May 2024
The recent successful testing of an exploration well in Australia marks a significant advancement in producing hydrogen from underground reservoirs. The Ramsay project by Gold Hydrogen, located on the Yorke Peninsula near Adelaide, has reported high purity levels of natural hydrogen, reaching up to 95.8%, and helium from drilling at depths of 531 metres.
This finding is crucial as it suggests that if underground hydrogen can be produced commercially and cost-effectively, it might challenge current plans to manufacture hydrogen as an alternative to oil and gas. Gold Hydrogen’s managing director, Neil McDonald, highlighted that testing seven zones from 200 to 1000 meters confirmed the presence of extractable natural hydrogen and helium.
The growing interest in underground, or white hydrogen, stems from its potential to significantly contribute to environmental decarbonisation.
The successful demonstration of natural hydrogen extraction is a positive step forward for our industry. The increasing interest and investment in white hydrogen, backed by significant figures like Bill Gates, enhance the credibility and financial backing for companies in this sector, offering HyTerra substantial growth opportunities.
Read more from Forbes here.
