Key Takeaways
- Koloma has been awarded exclusive natural hydrogen exploration rights for western Zambales Province under Service Contract 92, its third award from the Philippine government.
- Koloma's three combined service contracts in the Philippines now cover more than 1,600 square miles (4,100 square kilometers).
- Koloma previously received two service contracts in Central Luzon last October as part of the world's first competitive bid round for natural hydrogen exploration, and exploration is already underway at both sites.
- Philippines Secretary of Energy Sharon S. Garin said a commercial-scale discovery could strengthen the country's energy security at no cost to taxpayers while providing a zero-emission fuel source.
- Koloma also holds active natural hydrogen exploration partnerships across four continents outside the Philippines.
Koloma Adds a Third Philippine Exploration Area
Koloma, a natural hydrogen exploration company, announced that the Government of the Philippines has awarded it exclusive rights to explore for natural hydrogen in western Zambales Province under Service Contract 92. The award follows two service contracts Koloma received last October covering Central Luzon, granted as part of the first competitive bid round for natural hydrogen exploration held anywhere in the world. Koloma has already begun exploration activity at both of those sites.
Combined, Koloma's three Philippine service contracts now span more than 1,600 square miles, giving the company one of the largest natural hydrogen exploration footprints in the country.
Government and Company React to the Award
“We are honored to deepen our partnership with the Government of the Philippines to pursue what could be a transformative opportunity for the country, in terms of energy security and economic growth,” said Pete Johnson, CEO of Koloma. “We are grateful for the government's vision and leadership in advancing natural hydrogen exploration.”
“The award of additional exploration rights to Koloma builds on the company's ongoing activities in Central Luzon and marks a significant expansion of the indigenous energy exploration program,” said Sharon S. Garin, Philippines Secretary of Energy. “If discovered in commercially viable quantities, natural hydrogen could strengthen the country's energy security at no cost to taxpayers, while providing a zero-emission fuel source for our power grid, industries, and agricultural sectors.”
A Growing Global Exploration Footprint
The Philippines sits on some of the best-documented natural hydrogen data in the world, according to Koloma, making it one of the most promising settings for exploration. Beyond the Philippines, Koloma has active exploration partnerships and operations across four continents, backed by clean energy funds and major corporations.
