Upcoming Webinar

Subsurface Hydrogen | Sizing the Opportunity With Natural Hydrogen Ventures

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Monday, October 6, 2025
10:00 AM | Central Time

Webinar details

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The Enverus Innovation Underground series, hosted by Enverus Intelligence® Research Analyst Graham Bain, features in-depth discussions with industry leaders pioneering the adoption of cleaner energy solutions, including CCUS, hydrogen, geothermal, direct lithium extraction and more.

In this episode, we welcome Morten Stahl, founding partner at Natural Hydrogen Ventures. Natural Hydrogen Ventures is one of the first venture firms dedicated exclusively to natural (subsurface) hydrogen, investing across geology, enabling software, transport and emerging production technologies.

Together, we explore key questions:

  • What is natural (subsurface) hydrogen, and how is it formed?
  • What drove Morten to launch one of the earliest funds in this space?
  • What signs of commercially viable accumulations are emerging?
  • How do transport limitations impact development—and what solutions look most promising?
  • What role could stimulated subsurface hydrogen play in the future of the sector?
  • How does Natural Hydrogen Ventures evaluate startups and spot red flags?
  • What does success for subsurface hydrogen look like by 2030?

 

The session runs just 30 minutes, followed by a live Q&A where you can ask your questions directly. If you can’t attend live, register anyway and we’ll send you the full recording to watch on your own time. Don’t miss the chance to hear insights from one of the earliest investors in natural hydrogen.

 

About Enverus Intelligence® | Research

Enverus Intelligence® | Research, Inc. is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. See additional disclosures here.

Speakers

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Graham Bain

Principal Analyst, Enverus Intelligence® Research

Graham joined Enverus in 2020 through the acquisition of RS Energy Group. Leading the Subsurface Innovation Team under Energy Transition Research, he strives to create intelligent connections between the subsurface, emerging energy and carbon innovation technologies, leveraging a deep understanding of geosciences and the energy transition gained over his 9-year career. At Enverus, Graham has served as senior geology associate on the Permian Asset team and as product manager for Geoscience Analytics, where he led a team of geologists. His prior roles include analyst for the Alberta Energy Regulator, focusing on the Athabasca oil sands, and Geologist in Training for a small Calgary-based exploration company, exploring oil potential in Nisku Formation carbonate reefs.

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Morten Stahl

Founding Partner, Natural Hydrogen Ventures

Morten is an entrepreneur, seasoned climate tech investor, and the founder of Natural Hydrogen Ventures (NHV) - the world’s first investment fund dedicated to the emerging natural hydrogen industry. The fund invests globally in both exploration and related technologies and recently completed its fourth investment in the sector. He is a recognized expert in the field, with a comprehensive understanding of the natural hydrogen industry. His focus areas include commercialization, market access, certification, technology, project financing, and - of course - investment. Building on years of experience tracking private natural hydrogen companies, Morten and his team recently launched the NatH2Index—the world’s first index tracking the 10 most relevant publicly traded natural hydrogen companies. The index is hosted at NatH2investing.com, an industry media platform Morten co-founded to raise awareness of the sector and its investment opportunities. Investing like a good ancestor - Morten’s goal of achieving “profitable impact” is driven by his desire to “be a good ancestor,” investing to ensure that his kids will be financially secure on a livable planet."

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