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Helios aims to produce the lowest cost and cleanest hydrogen before the end of this decade to accelerate Europe’s energy transition
NATURAL HYDROGEN…
Over 1 million tonnes recoverable volume in the Monzon Field alone (would satisfy 10% of Spain’s current usage for 20+ years)
Drilling rigs, processing facilities and skills proven over decades in the geothermal and natural gas industries
50 times lower CO2 than grey hydrogen which currently provides over 95% of the world’s hydrogen demand
Break-even cost of less than €1/kg (green hydrogen €4-€10/kg)
No intermittency and utilises 100% of installed capacity (wind turbines and solar only use around one-third of capacity)
The 4 production wells in the Monzon Field will provide the energy equivalent of 650 wind turbines and no water is required (green hydrogen production uses 9 litres of water for every kg of hydrogen)
Monzon will host Europe’s first natural hydrogen project with initial production before the end of this decade to supply new local industry, supporting hundreds of direct and thousands of indirect jobs, and compliment green hydrogen supply within Aragon’s Hydrogen Hub
Natural hydrogen will remain the lowest cost method of producing hydrogen long into the future.
We are establishing lasting relationships with proven partners to accelerate the growth of the natural hydrogen business in Europe, delivering the most competitive and sustainable clean hydrogen this decade.
Since inception in 2017, Helios has built strong partnerships with recognised international players in the natural hydrogen industry. Such stakeholders include universities, research institutes, industry bodies and government agencies in Spain, Belgium, France, Germany, Poland, The Netherlands, the broader European Union and the United Kingdom.
Helios has been working closely with industry-leading scientists in natural hydrogen exploration and further relationships are being developed in the European Union, in particular universities with a strong pedigree in engineering and earth sciences. There is significant cross-over between technologies in the geothermal and natural gas industries and the natural hydrogen industry. Indeed, natural hydrogen accumulations can be located and developed using existing skills, technologies and facilities.
In Spain, Helios is proud to be supported by the autonomous government of the Province of Aragon and the parties signed a Letter of Intent in August 2021 to progress the Monzon Natural Hydrogen Project to production. In May 2023, the project was designated as an “investment of regional significance” in the Parliament of Aragon.
In Europe, Helios is active in a number of policy areas and is working with the European Union, European Parliament and the European Council to ensure that appropriate legislation is in place to accelerate the commercialisation of natural hydrogen throughout the continent.
Ian has a distinguished career in the energy industry with Mobil, ExxonMobil, Woodside and Oil Search, where he held the role of EVP Portfolio Management, Gas and Marketing. Ian has a MSc in Petroleum Geology and over a 30-year career has worked collaboratively with stakeholders to monetise large-scale natural gas projects in Europe and Asia.
Helios can deliver the lowest cost and cleanest hydrogen to the European market before the end of this decade
Michael is the former CEO of NYSE listed InterOil which was acquired by ExxonMobil for US$3bn in 2017. He began his career with BP managing major development projects followed by Woodside Energy where he led LNG ventures. Dr. Hession has a doctorate in climate science and geophysics from the University College Wales, and a MBA from the London School of Economics, Ecole des Hautes Etudes Commerciales in Paris, and New York University
Chris started his career at Shell. He was the founder of Serica Energy PLC and has been involved with the successful start-up and financing of several other energy companies. Chris brings a wealth of successful entrepreneurial business experience gathered over 35 years. BSc., PhD., SID.
Over a 20-year career Carmen has gained extensive knowledge of investments, EU policy and industry in Europe. She is part of the leading team defining the Roadmap for the implementation of Hydrogen Valleys in Europe. A former corporate banker at BNY Mellon, Carmen has worked as Senior Advisor at the Foreign, Commonwealth & Development Office and led FDI as Director of Investments at the Government of Aragon. MBA., PG., BA (Hons) and BSc.
Luis has been working for more than 40 years in the oil and gas industry with Repsol and other companies, managing onshore and offshore exploration, development and gas underground storage projects, production operations, business development and planning, mainly in Spain and North Africa. He has most recently been managing the Viura Project, for the exploration, development and production of a high-pressure natural gas field in the region of La Rioja. He holds titles of Sr. Mining Engineer (Madrid School of Mines) and MBA (IESE-Harvard).
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