A hydrogen pioneer is set to boost green skills and scale its business on the back of a £36m investment from global industry leaders.
GeoPura – which has bases in Newcastle and Nottingham – has secured the investment in a round led by GM Ventures and Barclays Sustainable Impact Capital, with participation from SWEN CP and Siemens Energy Ventures. The funds will allow GeoPura to ramp up its green hydrogen business, which is using its hydrogen power generation technology to replace diesel-fuelled generators with its Hydrogen Power Units (HPU), helping the UK on its zero-emissions journey.
The investors will also act as strategic partners for GeoPura, which currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC. HPUs are used for temporary, supplementary, off-grid and backup power and GeoPura plans to expand the use of hydrogen into other areas such as EV charging and supplementary grid power. The investment will allow GeoPura to mass manufacture HPUs alongside its partner Siemens Energy, increase the production of green hydrogen to fuel the units and drive green skills around the UK.
