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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
