With gas exploration permits covering 89,000 hectares in northern Spain, Helios is perfectly placed to explore non-fossil based natural hydrogen, via wells originally drilled for oil and gas exploration.

Ascent will support Helios with surface geochemical analysis for hydrogen and helium gases, beginning in 2021, helping to optimise the potential for hydrogen as a clean energy source.

If substantial ‘gold hydrogen’ is unearthed, it could make the start of a regional hydrogen hub, ideally positioned near to Zaragoza, the regional capital of Aragon.

Dr. Christopher Atkinson, Chairman of Helios, commented on the project,  “At Helios, we challenge the misconception that hydrogen can’t exist in its pure form. To this end, we are excited to be working with Ascent Funds as well as regional players to propel Spain as the first true producer of Gold hydrogen on a global and commercial scale.”