HyTerra welcomes senior US Department of Energy advisor to its team

• HYT adds Dan Milstein to its strategic advisory team
• Milstein worked with US DoE for 16 years, most recently as a senior adviser
• He pioneered and oversaw DoE’s international engagement with geologic hydrogen

Special Report: With interest and investment in geological hydrogen on the rise, HyTerra has tapped highly experienced US Department of Energy veteran Dan Milstein as a strategic adviser.

Milstein served in various roles within the US Department of Energy for 16 years, pioneering the agency’s international engagement with geological hydrogen in his role as a senior adviser for the DoE’s Office of International Market Development.

HyTerra (ASX:HYT) is keen to leverage his deep understanding of US regulatory frameworks – ones he helped develop – as the company continues to progress its hydrogen and helium Nemaha project in Kansas.

Milstein said he was tremendously excited to be joining the HyTerra team and looked forward to developing partnerships to explore for hydrogen.

“HyTerra is at the forefront of proving that it is possible to produce hydrogen from underground sources at a low cost and without polluting the environment,” he said.

“This is a gamechanger. Producing an affordable, clean alternative source of hydrogen would be good for humanity, good for the Earth, and very good business for HyTerra and international partners.”

Leveraging deep sector knowledge

HyTerra was the first company to list on the ASX with the goal of producing geological, or white hydrogen, from within reservoirs in the earth.

HYT executive director Benjamin Mee said the company is building a strong team to efficiently screen and review new opportunities within the US and internationally.

“In parallel to progressing Project Nemaha in Kansas (with its sizable acreage position secured already), the key now is to use this competitive IP, operating capability, and subsurface understanding to add more core projects over time,” he said.

“We are methodically screening a portfolio of opportunities that make sense from both a supply and demand centre, like the Mid-West USA.

“We will execute in a deliberate and rapid manner.”

Watch: HyTerra flags more helium and hydrogen in Kansas

Project Nemaha

HYT wholly owns the Nemaha project, home to the emerging Nemaha Ridge geologic hydrogen and helium play fairway.

The company recently drilled three wells back-to-back at the project, on time, within budget and with no health and safety incidents.

The Sue Duroche 2 well has produced gas concentrations of up to 92% hydrogen and 5% helium, while Sue Duroche 3 reported 96% hydrogen and 5% helium and McCoy 1 some 6 miles to the southeast produced 83% hydrogen and 5% helium.

Helium is considered a critical raw material due to its essential role in advanced technology applications across medical, semiconductor and space exploration sectors.

The helium industry is currently experiencing a supply shortage. Spot prices have risen from US$380/MCF in 2024 to $450/MCF in Q1 2025.

Demand for hydrogen as a renewable energy suitable for replacing various hydrocarbon applications is also on the rise as global economies continues to decarbonise and transition into cleaner forms of energy.

Global demand for hydrogen gas reached 97 million tonnes in 2023 and is projected to reach somewhere between 125 and 585 million tonnes per year by 2050.

This article was developed in collaboration with HyTerra, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.