Underground energy gold rush: Fortescue bets big with A$21.9M on geologic hydrogen in the HyTerra deal.

In my personal opinion, this could be a game-changer for geologic hydrogen.

Think about it:

1. Fortescue is buying 39.8% of HyTerra

2. They'll use the money to look for hydrogen in more places

3., They're planning to drill 6 wells instead of just 2

This made me wonder:

Could geologic hydrogen be the next big thing in energy?

Let's look at some numbers.

shared this interesting info about U.S. oil production:

• 1859: 2,000 barrels

• 1879: ~20 million barrels

• 1906: ~126 million barrels

• 2024: ~5 billion barrels

Could we see a similar growth for geologic hydrogen? Yes or no?

What do you think this development means for the future of hydrogen? Will we see the next project after Mali soon? Or is it too early to tell?

P.S. You can follow the discussion on LinkedIn here.

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