Getech secures £1.1m contract for platform that models Earth’s evolution over 400 million years

Getech, the geoenergy and green hydrogen company, has signed a $1.1 million multi-year contract with a major international energy company for a platform that models the Earth’s evolution over the last 400 million years.

The platform - known as Globe - synthesises geoscience data to create a 'digital twin' of the Earth. Getech said the new Globe sale demonstrates the continued strong demand for Getech’s products.

The statement added: "Approximately one third of this revenue will be recognised in the current financial year, with the balance over the subsequent two-year period. Alongside other recent contract wins, this gives additional visibility into the longer-term sales growth of the business."

Getech's Chief Executive Officer, Dr Jonathan Copus, commented: "We are encouraged by the continued strong demand we see for our products, delivering growth in revenue generation, but also importantly providing a strong base from which we can further explore strategic partnerships and opportunities to expand Getech’s own portfolio of low carbon assets.

Getech, the geoenergy and green hydrogen company, has signed a $1.1 million multi-year contract with a major international energy company.

“The success of the global energy transition is reliant on a diverse range of solutions facilitated by the rapid development and application of technology and a significant increase in critical minerals supply.

"Getech’s Globe platform provides an excellent example of our ability to combine decades of experience and innovation with leading geoscience data to meet mounting market demand. Thanks to its fundamental role in de-risking natural resource exploration projects, Globe is optimally placed to accelerate the pathway to net zero.”