A UK-BASED business has been set up to explore for and develop natural hydrogen as a revolutionary new energy resource.
Earth Source Hydrogen Limited aims to explore for and appraise this potential initially in Australia and selected locations in Europe.
As an emerging source of environmentally sound energy, natural hydrogen has the potential to replace hydrocarbon fuels in many applications.
An increasing weight of scientific evidence supports the premise that there is sufficient naturally occurring hydrogen in the earth’s subsurface to supply much of the world’s energy needs indefinitely.
Earth Source Hydrogen’s managing director, David Biggs, along with non-executive directors, Dennis Donald and Duncan MacNiven, have a track-record in energy exploration and commercialisation.
Scottish entrepreneurs Donald and MacNiven founded Warrego Energy in 2007 to explore for and produce natural gas in Western Australia.
The company has appointed the Rt. Hon. Lord Howard of Lympne CH KC as chairman.
The former leader of the Conservative Party and MP for Folkestone and Hythe will chair the board of Earth Source Hydrogen which also includes Lo Van Wachem and Ken Williams.
David Biggs said: “We strongly believe that natural hydrogen, generated through naturally occurring processes in the subsurface, is a transformational energy source that can satisfy much of the demand for economic, zero carbon energy on a global basis.
“Not only is it a greener alternative to finite carbon-based fuels but it is assessed to be cheaper to produce than manufactured hydrogen due to the relatively shallow depths at which it is found and the lack of a need to use energy to separate water in order to create hydrogen.
“We intend to unlock this exciting potential through the deep expertise of our team, our access to funding, capabilities in acreage capture and knowledge of modern exploration techniques.”
Lord Howard added: “There is no doubt that hydrogen will play a key role in decarbonising our essential, but energy intensive, heavy industries like steel production, shipping, heavy transport and aviation.
“The infrastructure is already being built to facilitate these changes and governments around the world have hydrogen strategies and budgets to make it happen.”
