Hutcheon Mearns supports Getech Group Plc in the acquisition of H2 Green
Hutcheon Mearns, the finance advisory specialists, provided strategic support to Getech in the successful acquisition of H2 Green.
The deal signals an exciting new chapter for Getech, the provider of data, knowledge and software products to the energy industry – which will utilise its expertise to help H2 Green locate, rank, and build a network of large-scale hydrogen generation, storage, and refuelling hubs. This will create a highly efficient UK-wide network able to support public and heavy-duty transport fleets.
In undertaking this work, Getech will model real-world data to predict patterns of hydrogen use: work that will lead to an understanding of the locations for the hydrogen hubs and enable the company to deliver a low-cost national network of reliable clean hydrogen for the UK.
Jonathan Copus, Chief Executive Officer from Getech, commented: “The hydrogen economy is an exciting growth area where we see material potential to apply Getech’s geoscience and geospatial expertise in work for existing and new energy customers.
We are therefore delighted to be using our core skills to support the creation of a national hydrogen infrastructure.
This work also demonstrates Getech’s adaptability and our focus on the broader hydrogen economy, including the potential to apply our geoscience expertise to challenges associated with carbon capture and seasonal hydrogen storage.
Adam and the team at Hutcheon Mearns have been supporting Getech for a number of years from a strategic advisory perspective, becoming an outsourced member of our team. This helps drive in-depth knowledge that we can utilise throughout our business activities and provides us with the responsive, value-add offering we require.”
Adam Maitland, Managing Director – Business Advisory at Hutcheon Mearns, said: “The energy transition is high on the international energy agenda.
This is a pivotal move for Getech as it looks to utilise a wealth of expertise to build a portfolio of products across the wider Energy Transition arena, building a high-value group of companies supporting clients in their journeys to net zero.”