- Finance for the HyMarnham Power project which is set to become first hydrogen facility backed by HAR1 to reach commercial operation
GeoPura launches European arm as part of expansion plans, establishing a new hub in Denmark
06 October 2025 – GeoPura, a green hydrogen generation, storage and fuel cell technology company, has secured a £27 million green loan facility to expand its hydrogen-powered energy services in the UK and establish a new Danish hub for electrolyser support. The financing package has been jointly structured by Barclays and the Export and Investment Fund of Denmark and financed by Barclays. It includes a £16.5 million guarantee by EIFO. As part of the package, EIFO has provided its first international Power-to-X guarantee, expanding its UK clean energy footprint.
The green loan facility will be used for HyMarnham Power, GeoPura’s joint venture with JG Pears, which will produce low-carbon hydrogen at scale. The project is advancing under the UK Government’s Hydrogen Allocation Round 1 (HAR1) support scheme, demonstrating how the right policy frameworks can bring new technologies to market.
GeoPura’s new HyMarnham Power project is set to become the first hydrogen facility backed by HAR1 to reach commercial operation later this year. The site, located at a former coal-fired power station in the East Midlands, is transformed into a clean hydrogen hub supplying low-carbon hydrogen for GeoPura’s zero-emission power units, among other applications.
GeoPura’s European expansion
GeoPura is expanding into Europe with the launch of GeoPura (Europe) Limited in Denmark. The establishment of a Danish hub, enabled through EIFO’s guarantee, will play a central role in supporting this expansion by securing electrolyser capacity and building delivery capability across the continent.
Andrew Cunningham, CEO and Founder of GeoPura, said: “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.”
Supporting UK and Danish green ambitions
The UK is EIFO’s largest international market, and EIFO has laid foundations for wider collaboration in hydrogen, Power-to-X and onshore wind.
Peter Boeskov, Chief Commercial Officer, 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’s role in the clean energy transition
GeoPura is replacing diesel generators with hydrogen fuel cell alternatives. Its Hydrogen Power Units (HPUs) provide dependable, zero-emission power for sectors that are traditionally reliant on diesel for applications where the electricity grid either doesn’t exist or isn’t sufficient, including construction, data centres, film and TV production, and major international events. Customers already include Balfour Beatty, National Grid and the BBC.
GeoPura recently launched the HPU2, its next-generation power unit, designed to meet higher-capacity power demands across a wider range of use cases. Together with the HyMarnham Power project, this positions GeoPura to scale rapidly, offering a robust and secure hydrogen supply chain in the UK.
Financing a UK-first
Barclays’ total £27 million financing package, including EIFO’s £16.5 million guarantee, underscores the strength of UK-Danish collaboration in delivering large-scale clean energy projects.
Daniel Hanna, Group Head of Sustainable and Transition Finance, 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 scheduled to be fully operational by the end of November 2025.
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Notes to editors
GeoPura is one of over 20 companies globally to have received investment from Barclays Climate Ventures.
Find out more about GeoPura in this Sustainability insights article.
About Barclays
Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
About GeoPura
GeoPura is a leading innovator in clean energy solutions, committed to accelerating the transition away from fossil fuels. The company develops and operates Hydrogen Power Units (HPUs), which deliver dependable zero-emission electricity for construction, film and TV production, data centres, and major international events. In addition to replacing diesel generators, GeoPura’s technology supplements the electricity grid, helping to reduce emissions, improve air quality, and provide secure power where and when it is needed.
Founded in 2019, GeoPura manufactures its power units at scale in the UK in partnership with Siemens Energy and is expanding across Europe through the launch of GeoPura Europe. In 2025, GeoPura introduced the HPU2, its next-generation power unit, designed to meet higher-capacity demands and simplify deployment. By establishing hydrogen production facilities such as HyMarnham Power and creating a resilient supply chain with European hubs, GeoPura is enabling industries to decarbonise at scale while building a cleaner energy system for the future.
geopura.com
About EIFO, the Export and Investment Fund of Denmark
As Denmark’s national promotional bank and official export credit agency, EIFO works to open doors for global business, drive the green transition, advance innovative technologies, and contribute to Denmark’s security.
With total commitments exceeding EUR 22 billion and activities in more than 100 countries, EIFO provides financial solutions to Danish companies and their global partners.
EIFO is also Denmark’s largest venture investor, investing in both startups and funds. In 2024, EIFO made 78 investments in companies and 16 in funds.
eifo.dk
