GeoPura Secures £22 Million for Zero-Emission Power Expansion
GeoPura, a forward-thinking company based in Newcastle upon Tyne, UK, has recently secured an impressive GBP 22 million in debt funding aimed at facilitating the expansion of its innovative zero-emission power solutions. The funding round saw participation from prominent investors, including Siemens Energy, General Motors Ventures, Barclays Sustainable Impact Capital, Swen Capital Partners, and the UK Infrastructure Bank. This financial backing is critical for GeoPura as they lay the groundwork for the production and deployment of over 3,600 hydrogen power units (HPUs) by the year 2033, marking a significant step towards a cleaner energy future.
The company's primary goal revolves around transitioning to a green hydrogen economy through their cutting-edge HPU technology.
By harnessing green hydrogen, GeoPura aims to provide a sustainable, zero-emission electricity alternative that effectively replaces traditional diesel generators. This innovative technology is particularly beneficial for customers situated in off-grid locations or those that require support in grid augmentation scenarios. Initial focus sectors include construction, film and television, infrastructure, and outdoor events, as well as offering solutions for commercial electric vehicle (EV) charging where local electricity networks may struggle to meet demand on their own.
GeoPura's efforts are supported by the establishment of hubs in various locations across the UK, including Sheffield, Matlock, Nottingham, and Newcastle upon Tyne. By collaborating with Siemens Energy, the company is poised to mass-manufacture HPUs, thereby increasing the availability of these generators to satisfy growing customer demand for cleaner energy solutions. Additionally, to bolster its operational capacity, GeoPura has expanded its workforce by over 50% in 2023, introducing initiatives like hydrogen apprenticeships. The company is also investing in green hydrogen production facilities, such as HyMarnham Power in the East Midlands, a project that has received funding from the UK Government's HAR1 allocation round—one of just 11 projects to be selected for this pivotal funding to drive the green energy agenda forward.
They've invested in GeoPura
Get to know these Greentech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Siemens Energy | investment(s) investment(s) | more info | |||
2 |  General Motors Ventures | 1 investment(s) investment(s) | more info | |||
3 |  Barclays Sustainable Impact Capital | 2 investment(s) investment(s) | more info | |||
4 |  Swen Capital Partners | 1 investment(s) investment(s) | more info | |||
5 |  UK Infrastructure Bank | 1 investment(s) investment(s) | more info |
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