UK Infrastructure Bank backs UK’s green hydrogen expansion with £30 million GeoPura investment

UK Infrastructure Bank backs UK’s green hydrogen expansion with £30 million GeoPura investment

Country

United Kingdom

State / City

Nottingham; Matlock; Sheffield; Newcastle upon Tyne

Posted date

2024-02-22
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The UK Infrastructure Bank has committed £30million to support the expansion of UK-based green hydrogen pioneer, GeoPura, to accelerate the UK’s adoption of green hydrogen. The transaction will facilitate the expansion of GeoPura’s production capacity, help to grow the specialist workforce in the UK and increase the deployment of its power generation technology. The Bank’s commitment is part of Geopura’s latest £56 million financing round, led by a follow-on investment from Barclays Sustainable Impact Capital and supported by GeoPura’s existing investors: GM Ventures, SWEN Capital Partners, and Siemens Energy Ventures.

Instrument

Allocation of Funds

Purpose

Energy efficiency
Environmental protection
Job promotion
Sectoral development

Agency

UK Infrastructure Bank

Sector

Energy Equipment & Services

Data+Law uuid

GBR_03783_Program

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