GeoPura, a UK green hydrogen company, has received a £36 million ($44 million) investment from global industry leaders, led by GM Ventures, General Motors’ investment arm, and co-led by Barclays Sustainable Impact Capital, with participation from SWEN CP and Siemens Energy Ventures, to scale its green hydrogen business, which is replacing diesel-fueled generators and enabling zero-emissions energy across the board to create a more sustainable world. The world-renowned investors will also serve as GeoPura’s strategic partners as it scales its hydrogen power generation technology.
GeoPura, founded in 2019, provides clean energy to users who require power at temporary sites, long-term backup, off-grid power, and energy supply to supplement existing grids. In addition, the company offers Hydrogen Power Units (HPU), which were created in collaboration with Siemens Energy and are based on industrial hydrogen fuel cells. The company’s hydrogen power customers include Balfour Beatty, HS2, National Grid, and the BBC.
Hydrogen is considered a critical building block in transitioning to a cleaner energy future, particularly in sectors with difficult-to-reduce emissions, where renewable energy solutions such as wind or solar are less practical.
The company is starting with the industries that use the most diesel today, such as construction, infrastructure, outdoor events, and backup power. It also provides a solution for commercial EV charging where the local electricity network is insufficient. Pure water and heat are the only byproducts.
The £36 million ($44 million) investment will allow 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.
GeoPura intends to deploy a fleet of over 3,600 HPUs by 2033, providing clean, low-cost, reliable power and displacing more than six million tonnes of CO2 emissions over their lifetime.
The company intends to launch several new products addressing small and large power requirements in response to customer demand. In addition, the company will collaborate closely with its new strategic partners to advance the technology required for mass electrification, which is the foundation of decarbonization.