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GeoPura closes £56 million investment round with backing from UK Infrastructure Bank to accelerate UK’s green hydrogen expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GeoPura, General Motors, Siemens

GeoPura has completed a £56 million investment round that will help accelerate the UK’s adoption of green hydrogen by expanding production capacity, growing the specialist workforce in the UK, and increasing the deployment of our power generation technology.

The UK Infrastructure Bank committed £30million to the round, led by a follow-on investment from Barclays Sustainable Impact Capital and supported by our existing investors: GM Ventures, SWEN Capital Partners, and Siemens Energy Ventures.

The financing will directly increase the manufacture and supply of GeoPura’s Hydrogen Power Units (HPUs) in Newcastle, which replace traditional diesel generators and emit zero harmful emissions. The HPUs have already been successfully supplied to a wide range of high-profile customers including the Ministry of Defence, Balfour Beatty, National Grid and the BBC.

Read more at GeoPura News