GeoPura has secured a £27 million ($34 million) green loan facility to scale its hydrogen-powered energy services in the United Kingdom and expand operations into Europe through a new Danish hub. The financing, jointly structured by Barclays and Denmark’s Export and Investment Fund (EIFO), includes a £16.5 million ($21 million) EIFO guarantee — marking the institution’s first international Power-to-X commitment.

The funds will advance HyMarnham Power, GeoPura’s joint venture with JG Pears, which will produce low-carbon hydrogen at scale. The project is being developed under the UK Government’s Hydrogen Allocation Round 1 (HAR1) scheme, designed to support early commercial hydrogen initiatives and attract investment into domestic production capacity.

Located at a former coal-fired power station in the East Midlands, HyMarnham Power will be the first HAR1-supported hydrogen facility to achieve commercial operation. The transformation of the site from fossil-fuel-based generation to a clean hydrogen hub highlights the UK’s transition strategy to replace diesel and natural gas with renewable hydrogen across industrial and energy sectors.

As part of the financing arrangement, GeoPura will establish GeoPura (Europe) Limited in Denmark, which will serve as a strategic base for electrolyser procurement, logistics, and technology delivery. The move positions the company to meet rising European demand for green hydrogen and expand its Power-to-X footprint across the continent.

The Danish expansion builds on GeoPura’s mission to replace diesel generators with hydrogen fuel cell power units (HPUs). The company’s zero-emission HPUs are already deployed by leading UK organisations including Balfour Beatty, National Grid, and the BBC, providing temporary and off-grid power for construction, events, and broadcast operations.

GeoPura has also introduced its next-generation HPU2, designed for higher-capacity and longer-duration power applications. Combined with the HyMarnham project, this technology strengthens the UK’s hydrogen infrastructure and supply chain resilience.

For EIFO, the transaction expands its involvement in the global green transition, moving beyond Denmark’s leadership in offshore wind. The UK is already EIFO’s largest international market, and the fund now aims to replicate its wind-sector success in hydrogen and Power-to-X development.

Source:

https://esgnews.com/amp/barclays-geopura-and-eifo-back-34m-uk-danish-hydrogen-project/