£36m backing enables green hydrogen pioneer to scale zero emission fossil fuel alternative

Giants of industry, manufacturing and finance back UK green hydrogen pioneer with £36m investment as GeoPura says hydrogen solution is commercially viable now.

£36m investment boost for hydrogen-fuelled diesel generator replacements

Established to decarbonise global economies using zero-emission fuels, GeoPura has grown rapidly since delivering its first Hydrogen Power Unit (HPU) in collaboration with Siemens Energy in 2019. The company’s HPU technology is a multi-purpose replacement for diesel power worldwide with GeoPura generating hydrogen and transporting the fuel to customers who simply rent the units and pay for the fuel used.

Replacing diesel. Reducing emissions

The company is initially targeting sectors with the highest diesel use today, such as construction, infrastructure, outdoor events, and back-up power. It is also providing a solution to power commercial EV charging, where the local electricity network isn’t capable. The only by-product is pure water and heat.  

GeoPura currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC among others, replacing traditional diesel generators with its HPUs which are used for temporary, supplementary, off grid and backup power.

Proven tech

An HS2 construction site in London has held successful trials for two zero-emissions hydrogen fuel cell-based electricity generators – cutting carbon and improving air quality for workers and the local community. Full case study here.

The National Highway’s A63 Castle Street improvement scheme in Hull energised Balfour Beatty’s first ever green hydrogen power unit (HPU), which has replaced the 100 kVA diesel generator powering site welfare and office accommodation. The GeoPura HPU will save 59,000 litres of diesel, and 164 tonnes of operational carbon emissions. Full case study here.

In a TV first, GeoPura powered each of the 12 live Springwatch broadcasts in 2022 with 100% clean energy. Full case study here.

Plans to scale

The £36m investment will enable the accelerated manufacturing and deployment throughout the UK with the world-renowned investors also acting as strategic partners for GeoPura as it scales its green hydrogen business with plans to grow the use of hydrogen into other hard-to-decarbonise areas. 

GeoPura plans to deploy a fleet of over 3,600 HPUs by 2033, providing clean, low-cost reliable power, and displacing more than six million tonnes of CO2 emissions through their operation over their life.

In response to customer demand, the company aims to bring a number of new products to market, addressing smaller and larger power requirements. The company will work closely with its new strategic partners to advance the technology needed to enable the mass electrification that underpins decarbonisation.

Must act today

Andrew Cunningham, CEO of GeoPura, said: “Green hydrogen is too often seen as a technology that will happen in the future, but GeoPura and our partners are delivering a commercially viable technology, today. The world can’t afford to wait a decade for green fuels to scale – we must act now.

“This investment allows us to build on our installed base of HPUs and hydrogen production infrastructure to stimulate the green hydrogen economy, and then expand the use of clean fuels into other hard-to-decarbonise areas of our energy system.

“We have secured the right mix of investors, forming strategic partnerships that not only provide the funds to enable us to scale rapidly, but also the skills and resources to accelerate the transition to zero emission fuels. With the support of our investors, we can help turn the market on its head and build a green hydrogen economy this decade, not next.”

Better energy solutions

“The need for green hydrogen energy solutions is expanding as a wide range of customers move toward replacing diesel-powered sources,” said Wade Sheffer, managing director, GM Ventures. “Our investment in GeoPura demonstrates our focus on scaling breakthrough innovations that can advance sustainability, while supporting GM’s progress toward an all-electric, zero-emissions future. GeoPura’s HPUs and GM’s HYDROTEC fuel cell expertise have the potential to provide better energy solutions across industries.”

James Ferrier, director, Principal Investments, Barclays Sustainable Impact Capital said:Building low-carbon capacity and capability in our energy supply is key for a timely transition to net-zero. Whilst most of the focus in the UK is rightly on ‘greening’ our energy grid, industries which are reliant on fossil-fuel powered generators – such as construction, film production and events – should not be forgotten.” 

Green hydrogen is widely recognised as essential to achieve global climate goals, potentially supplying 25% of energy demand by 2050, with a $10tn addressable market, according to Goldman Sachs. 

The UK government has set its own target to hit 10GW of low carbon hydrogen capacity this decade. However, there remain limited commercial technologies able to capitalise on this demand.

GeoPura set out to prove green hydrogen as a commercially viable solution, today, to replace existing fossil fuels.