UK green hydrogen firm GeoPura receives $46.3 million investment

In the UK, local green hydrogen firm GeoPura has received investment for a total of $46.3 million from global industry firms, with the round led by GM Ventures, the investment arm of General Motors, and co-led by Barclays Sustainable Impact Capital. SWEN CP and Siemens Energy Ventures also participated in the round of financing. The investors will also act as strategic partners for GeoPura as it scales its hydrogen power generation technology. GeoPura currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC among other customers, replacing traditional diesel generators with its Hydrogen Power Unit (HPU) technology. With hubs in Nottingham and Newcastle upon Tyne in the UK, the new 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. Andrew Cunningham, CEO of GeoPura, said: “Green hydrogen is too often seen as a technology that will happen in the future, but GeoPura and our partners are delivering a commercially viable technology, today. The world can’t afford to wait a decade for green fuels to scale – we must act now.

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