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

Also in this section
9 May 2025
Hydrogen quality is an increasingly important area for the sector. Though well-established standards are in place, they typically cover only certain parts of assets and value chain
6 May 2025
European Commission backs hydrogen as best option to decarbonise steel sector, but questions remain over technology choices and funding
2 May 2025
Projects will progress only if they are backed by firm offtake deals, with much of firm’s clean hydrogen portfolio underperforming, Eduardo F. Menezes tells investors
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids