UK green hydrogen generation, storage and fuel cell technology company GeoPura has secured a £27m green loan to expand its hydrogen-powered energy services in the UK and establish a new Danish hub for electrolyser support.
The financing package has been jointly structured by Barclays and the Export- and Investment Fund (EIFO) of Denmark and financed by Barclays. It includes a £16.5m guarantee by 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 will be used for HyMarnham Power, GeoPura’s joint venture with JG Pears, which will produce low-carbon hydrogen at scale.
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