GeoPura, the UK's leading green hydrogen generation, storage, and fuel cell technology company, has secured a GBP 27 million green loan facility to expand its hydrogen-powered energy services in the UK and establish a new Danish hub for electrolyzer support. The financing package has been jointly structured by Barclays and the Export and Investment Fund of Denmark, and is financed by Barclays, including a GBP 16.5 million guarantee from 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.

HyMarnham Power Project Development

GeoPura's 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 being transformed into a clean hydrogen hub that supplies low-carbon hydrogen for GeoPura's zero-emission power units, among other applications.

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. HyMarnham Power is scheduled to be fully operational by the end of November 2025.

European Expansion Strategy

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 electrolyzer 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 a 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.”

International Partnership Framework

The UK is EIFO's largest international market. With a strong track record in offshore wind, EIFO has laid the 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.” Barclays' total GBP 27 million financing package, including EIFO's GBP 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 for 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.”

Technology Applications and Market Position

GeoPura is replacing diesel generators, a major source of emissions, 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 is insufficient, including construction, data centers, film and TV production, and major international events.

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. By combining UK ambition, Danish expertise, and international financial strength, GeoPura, EIFO, and Barclays are demonstrating how cross-border partnerships can accelerate the transition away from fossil fuels.

HyMarnham Power not only delivers one of the first large-scale hydrogen projects, but it also sets a blueprint for how clean energy infrastructure can be financed, deployed, and scaled. The project will stimulate investment in supply chains, create skilled jobs in both the UK and Denmark, and provide a long-term platform for industrial growth as Europe moves towards its net-zero goals.

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