London’s prestigious Financial Times has continued its focus on the natural hydrogen phenomenon.
A few weeks after inviting Gold Hydrogen managing director Neil McDonald to speak to its well attended Hydrogen Summit 2024 in London, the FT has put out a new publication, Special Report: Hydrogen.
Natural hydrogen and Gold Hydrogen’s ground-breaking foray feature prominently.
Under the heading “How a cigarette sparked a slow-burn search for buried ‘gold’ hydrogen“, the FT says: “Drilling for naturally occurring gas was deemed unfeasible, but prospectors now think differently.”
It says 40 companies are involved in natural hydrogen exploration and Gold Hydrogen gets first mention.
“The world needs dependable, affordable energy,” explains Mr McDonald, managing director of Australia-listed Gold Hydrogen, which is drilling prospects in South Australia first discovered and ignored by oil prospectors a century ago. “We are hoping to be a big part of that.”
It went on to quote Geoffrey Ellis,a US research geologist, who has modelled worldwide reserves of geological hydrogen, producing a median estimate of about 5tn tonnes.
“How much of it can be extracted is not fully understood. However, just 2 per cent of his median estimate would meet the IEA’s demand estimate for a couple of hundred years,” the story says of Ellis’ findings.
Full article here.