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