GeoPura and Siemens Financial Services deal to boost green hydrogen

• 1 year, 2 months ago (2025-03-20)
• David Flin

Europe 1168 Hydrogen 75 Renewables 823 Solar 348 Wind 293

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Siemens Financial Services has signed a financing deal with the UK firm GeoPura to support the hydrogen specialist in its next phase of growth.

GeoPura provides hydrogen-fuelled energy enabling its customers to decarbonise their consumption of temporary, back-up, off-grid, and grid augmentation energy. The company has a growing pipeline of business. GeoPura uses renewable energy, normally solar PV or wind, to create hydrogen, which is transported to customer locations, where a hydrogen power unit (HPU) converts it to electricity. Customers rent the units and pay for the fuel used.

GeoPura is already working with the Ministry of Defence, Balfour Beatty, the BBC, and National Grid, among others, to help reduce their carbon footprint.

Siemens Financial Services will help GeoPura in refinancing existing HPUs, trailer-mounted Multiple Element Gas Containers (MEGCs or tube trailers) and Multiple Cylinder Packs (MCPs).