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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries