GeoPura, Barclays and EIFO launch financing for landmark UK-Danish hydrogen project

The UK’s leading 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.

With the funding, GeoPura also aim to 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.

Image ©GeoPura

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 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.”

The UK is EIFO’s largest international market. With a strong track record in offshore wind, 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 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 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.

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.”

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, 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.

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

For more information, visit www.geopura.com.