GeoPura, a global leader in zero emission power, announced the successful completion of its inaugural debt funding round, securing £22 MM to fund renewable fuel infrastructure and support the clean energy transition. This groundbreaking achievement marks the first major asset-backed debt funding announcement by a green H₂ company in the UK.

This announcement builds on momentum from a £56-MM investment round in February 2024 and a £36-MM Series A funding round in February 2023, welcoming investment from Siemens Energy, General Motors Ventures, Barclays Sustainable Impact Capital, Swen Capital Partners, and the UK Infrastructure Bank. This brings total capital raised to £114 MM over the last 2 years.

Debt funding has been secured from a panel of bank and non-bank financial institutions including BNP Paribas Leasing Solutions, Close Brothers Asset Finance, HSBC UK and Siemens Financial Services. The proceeds will be used to recapitalize and fund GeoPura’s growing fleet of H₂ power units (HPUs) and key supporting infrastructure such as tube trailers.

The debt funding consists of fixed rate asset loans and hire purchase agreements. All funding partners have indicated strong interest in increasing their debt funding capacity as GeoPura scales.

Derek Bulmer, CFO of GeoPura, said, “Securing this debt funding is a pivotal milestone in our journey to build a global fleet of over 3,600 HPUs, which will require over £2.5 B in capital over the next decade. This funding will not only accelerate our expansion but also drive significant reductions in carbon emissions and improve local air quality while contributing directly to the UK’s net zero targets. Partnering with world-class debt funders like BNP Paribas Leasing Solutions, Close Brothers, HSBC UK and Siemens Financial Services is critical to delivering this vision and achieving these goals. This milestone supports our commitment to a cleaner, healthier future and underpins the vital role of sustainable finance in advancing global environmental goals.”