GeoPura, a Wysall, UK-based green hydrogen company, raised £36M in funding.
The round was led by GM Ventures, and Barclays Sustainable Impact Capital with participation from SWEN CP and Siemens Energy Ventures.
The company intends to use the funds to mass manufacture Hydrogen Power Units 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.
Led by CEO Andrew Cunningham, GeoPura supplies clean energy to users that require power at temporary sites, long-term backup, off-grid power, and energy supply to augment existing grids. The company generates hydrogen and transports the fuel to customers for use in its HPUs – customers rent the units and pay for the fuel used.
GeoPura currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC among other sustainability-driven customers, replacing traditional diesel generators with its Hydrogen Power Unit (HPU) technology.
Customers comprise a mix of short and long duration bookings across construction, TV & film, and festivals & events, including BBC and HS2.
FinSMEs
24/02/2023