GeoPura, a company specializing in green hydrogen generation and fuel cell technology, has secured a £27 million green loan facility to expand its hydrogen-powered energy services in the UK and establish a new hub in Denmark. The financing was structured by Barclays and the Export and Investment Fund of Denmark (EIFO), with Barclays providing the funds and EIFO offering a £16.5 million guarantee. This package marks EIFO’s first international Power-to-X guarantee as it broadens its involvement in UK clean energy projects.
The funding will support HyMarnham Power, a joint venture between GeoPura and JG Pears aimed at producing low-carbon hydrogen on a large scale. The project is progressing under the UK Government’s Hydrogen Allocation Round 1 (HAR1) scheme, which is designed to help bring new hydrogen technologies to market. Once operational later this year, HyMarnham Power will be the first HAR1-backed hydrogen facility to reach commercial operation. Located at a former coal-fired power station in the East Midlands, the site is being converted into a clean hydrogen hub that will supply low-carbon hydrogen for GeoPura’s zero-emission power units and other uses.
GeoPura is also launching GeoPura (Europe) Limited in Denmark as part of its European expansion strategy. The Danish hub will focus on securing electrolyser capacity and enhancing delivery capabilities across Europe.
Andrew Cunningham, CEO and Founder of GeoPura, stated: “We’re very pleased to have EIFO and Barclays as financing partners for this milestone transaction. In fact, without this kind of proactive cooperation that enables the funding of debt finance it’s difficult to see how clean energy transition at scale happens. Their support enables us to further accelerate the green transition, helping industries decarbonise and provide the clean, life-enhancing environment we want to continue to enjoy.”
EIFO sees significant potential for expanding its activities beyond offshore wind into green hydrogen and onshore wind in the UK market.
Peter Boeskov, Chief Commercial Officer at EIFO, said: “This transaction shows that green hydrogen becomes reality when the right frameworks are in place. The UK has been our single largest market for years thanks to our involvement in offshore wind, and we now see a clear opportunity to expand our role into green hydrogen. And into onshore wind, in fact, following the UK Government’s onshore wind strategy. GeoPura’s solutions are a strong example of how UK-Danish cooperation can accelerate the green transition, while creating high-value jobs and industrial growth in both countries.”
GeoPura provides Hydrogen Power Units (HPUs) that serve as zero-emission alternatives to diesel generators for sectors such as construction, data centers, film production, TV production, and major events—especially where grid electricity is unavailable or insufficient. Its clients include Balfour Beatty, National Grid, and the BBC.
Recently introduced was HPU2—a next-generation power unit intended for higher-capacity needs across more applications—which supports rapid scaling alongside projects like HyMarnham Power.
Barclays’ total £27 million financing package highlights ongoing collaboration between British and Danish organizations working toward large-scale clean energy goals.
Daniel Hanna, Group Head of Sustainable and Transition Finance at Barclays said: “We are pleased to support GeoPura’s pioneering green hydrogen solutions together with EIFO. The UK’s ambition on hydrogen is clear, and with HyMarnham becoming the first project under HAR1, we see this as an important step forward for the energy transition. Collaborating with EIFO allows us to bring even more scale and confidence to the sector.”
HyMarnham Power is expected to be fully operational by November 2025.