Geopura has closed its Series A financing
General Motors and Barclays back Geopura
The UK hydrogen power firm has secured £36mn in its Series A financing round
UK-based hydrogen power firm Geopura has secured £36mn ($43.5mn) in a Series A financing round led by US automaker General Motors’ investment arm GM Ventures and co-led by London-headquartered bank Barclays. Other strategic investors include private equity firm Swen Capital Partners and Germany’s Siemens Ventures. Geopura manufactures and supplies hydrogen power units to replace traditional diesel generators for temporary, supplementary, offgrid and backup power. Its units have been trialled by UK companies infrastructure group Balfour Beatty, transmission system operator National Grid, national broadcaster the BBC and during construction of the HS2 rail network. “The need for green hydrogen
Also in this section
27 February 2025
Commission doubles down on plan to boost growth through investment in transition, as European oil and gas majors refocus on fossil fuels
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
