GeoPura gains £36m investment

GeoPura has secured £36m investment from GM Ventures, Barclays Sustainable Impact Capital, SWEN CP through its fund SWEN Impact Fund for Transition 2 and Siemens Energy Ventures for the manufacturing and deployment of Hydrogen Power Units throughout the UK.

GeoPura’s green hydrogen business is replacing diesel-fuelled generators with Hydrogen Power Unit (HPU) technology, and has provided units to Balfour Beatty, HS2, National Grid and the BBC among other sustainability-driven customers.

The HPUs are used for temporary, supplementary, off-grid and backup power. GeoPura plans to grow the use of hydrogen into other hard-to-decarbonise areas of our energy system, such as EV charging and supplementary grid power, as economies continue to electrify.

In response to customer demand, the company aims to bring a number of new products to market, addressing smaller and larger power requirements. The company will work closely with its new strategic partners to advance the technology needed to enable the mass electrification that underpins decarbonisation.

With hubs in Nottingham and Newcastle upon Tyne in the UK, the £36m investment will enable GeoPura to mass manufacture HPUs alongside partner Siemens Energy, increase the production of green hydrogen to fuel the units and drive green skills in the North East and throughout the UK, while supporting the global deployment of the technology.

    Share Story:

Recent Stories