UKIB invests in GeoPura hydrogen

The UK Infrastructure Bank has committed £30m to support the expansion of UK-based green hydrogen pioneer, GeoPura.

The financing will directly increase the manufacture and supply of GeoPura’s Hydrogen Power Units (HPUs) which replace traditional diesel generators, and will expand its production of green hydrogen as part of the HyMarnham Power Green Hydrogen project in the East Midlands.

The Bank’s commitment is part of Geopura’s latest £56m financing round, led by a follow-on investment from Barclays Sustainable Impact Capital and supported by GeoPura’s existing investors: GM Ventures, SWEN Capital Partners, and Siemens Energy Ventures.

With hubs in Nottingham, Matlock, Sheffield and Newcastle upon Tyne in the UK, GeoPura is mass manufacturing HPUs in collaboration with partner Siemens Energy and plans to deploy a fleet of over 3,600 HPUs by 2033.



Share Story:

Recent Stories