Fleet Space and Koloma Partner to Revolutionize Natural Hydrogen Exploration Worldwide
Key Ideas
  • Fleet Space and Koloma have teamed up to create real-time 3D subsurface imaging of hydrogen-forming geological formations globally, utilizing cutting-edge technology.
  • Koloma's US$23.8 million capital raise for expansion in Australia signifies the growing importance of natural hydrogen as a renewable energy source.
  • Australia's strategic position in the global hydrogen market is reinforced by hosting 20% of all announced hydrogen projects worldwide, according to the International Energy Agency.
  • The collaboration between Fleet Space and Koloma aligns with Australia's Future Made in Australia plan and National Hydrogen Strategy to establish itself as a leader in the hydrogen industry.
Australian space technology company Fleet Space has announced a groundbreaking partnership with US-based natural hydrogen company Koloma, backed by industry giants Bill Gates and Jeff Bezos. The collaboration aims to revolutionize the exploration of natural hydrogen reserves by generating real-time 3D subsurface imaging of hydrogen-forming geological formations on a global scale. Koloma's recent international expansion into Australia, supported by a US$23.8 million capital raise, highlights the increasing significance of natural hydrogen as a renewable energy source. Australia's pivotal role in the hydrogen sector is emphasized by hosting a significant 20% of all announced hydrogen projects globally. Fleet Space's ExoSphere technology, capable of providing 3D data imaging up to 7km in depth, will play a crucial role in this partnership. White hydrogen, also known as geologic hydrogen, is seen as a promising renewable energy source as it produces only water when burned. The collaboration between Fleet Space and Koloma not only signifies a major advancement in hydrogen exploration but also aligns with Australia's ambitious goals outlined in the Future Made in Australia plan and National Hydrogen Strategy. The partnership acknowledges the urgent need for clean energy alternatives and industry collaborations to address global energy demands sustainably. Industry leaders from both companies have expressed optimism about the partnership. Koloma's CEO, Pete Johnson, sees the international expansion as a crucial step towards unlocking natural hydrogen resources worldwide. Fleet Space's co-founder and CEO, Flavia Tata Nardini, views the partnership as a significant industry collaboration necessary to meet the increasing demand for clean energy solutions. Overall, the collaboration between Fleet Space and Koloma represents a significant leap forward in the exploration and utilization of natural hydrogen resources, positioning Australia as a key player in the global hydrogen market.
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