HyTerra Ltd (ASX:HYT) selected for Chimaera Fund US Air Force initiative

HyTerra Ltd has advised that it has been selected as a participant in the Chimaera Fund US Air Force initiative led by Renaissance Philanthropy, following its recent Request for Information process.

The initiative is being undertaken in collaboration with the United States Air Force and is focused on evaluating whether geologic hydrogen could strengthen energy resilience at critical Air Force bases.

Highlights

• Selected as a participant in the Chimaera Fund US Air Force initiative led by Renaissance Philanthropy
• Initiative undertaken in collaboration with the United States Air Force
• Focused on evaluating whether geologic hydrogen could strengthen energy resilience at critical Air Force bases
• Request for Information process attracted nearly 30 responses from across the geologic hydrogen ecosystem
• HyTerra, Helix Exploration PLC and Prometheus Hydrogen selected to serve as primary performers for a small scale demonstration

The attached Renaissance Philanthropy press release states that the Chimaera Fund has selected 2 commercial geologic hydrogen exploration companies and 1 hydrogen storage company to serve as primary performers for a small scale demonstration.

It states that the results of this demonstration will inform the Department of the Air Force’s techno economic assessment of geologic hydrogen potential near Air Force Bases, including but not limited to Malmstrom AFB in Montana and McConnell AFB in Kansas.

The press release states that selections were informed by a Request for Information that attracted nearly 30 responses from across the geologic hydrogen ecosystem, including exploration companies, national laboratories, university research groups, sensing and detection firms, and engineering consultancies.

HyTerra is listed among the selected participants together with Helix Exploration PLC and Prometheus Hydrogen.

The press release states that HyTerra brings the only active well test planned during the project timeline, providing controlled flow, pressure and gas composition data under field conditions.

It also states that this well test will provide real world data to help start answering the Air Force’s priority technical questions around future production capacity, costs and infrastructure requirements.

HyTerra Chief Executive Officer Riley Kemp said,

“Selection for this program recognises HyTerra’s position as a leader in advancing geologic hydrogen towards commercial reality. Through our planned flow testing activities, we expect to generate real-world data on flow rates, pressure behaviour and gas composition, which are important to understanding scalability, cost and integration with existing infrastructure.”

HyTerra has stated that it will provide further updates as the next phase of the initiative progresses and key parameters for the program and demonstration are established.

The attached press release states that the Chimaera Fund will now focus on the next phase of the project, including designing key aspects for completing the demonstration partnership and exploring opportunities to engage additional Air Force Bases over the Spring and Summer 2026.

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