Hydrogen genset firm GeoPura expands with £36m from GM & friends | GeoPura, hydrogen, green, genset, on-site, expansion, GM, Motors
Summary
Hydrogen-fuelled power makers GeoPura have secured \xa336 million in growth funds from heavyweight investors including Barclays Sustainable Impact Capital and the venture capital arm of car giant General Motors.Launched in 2019, GeoPura seeks to strip carbon from sectors most reliant on diesel to make on-site power, such as construction, infrastructure and outdoor events.Its mobile, green hydrogen-fuelled generators have made on-site electricity for the National Grid, contractors Balfour Beatty and the BBC, among others. They provided temporary EV charging at the Goodwood Festival of Speed.Developed in partnership with \xfcber-engineers Siemens Energy, GeoPuras HPU device is built around industrial hydrogen cells. In contrast, and with water as its only emission, GeoPura says its hydrogen power unit is far quieter than a diesel burner.At home in Nottingham and from a second plant in Newcastle, the \xa336m investment will enable the engineers to step up HPU output alongside partner Siemens Energy. More than six million tonnes of emitted CO will be avoided over their working life, the firm calculates.CEO Andrew Cunningham observed: Green hydrogen is too often seen as a technology that will happen in the future. GeoPura and our partners are delivering a commercially viable technology today.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.Cunningham concluded: The world cant afford to wait a decade for green fuels to scale we must act now.