GeoPura, a Wysall, UK-based green-energy firm, raised £56M in funding.
The spherical noticed participation from The UK Infrastructure Financial institution, Barclays Sustainable Influence Capital and present traders GM Ventures, SWEN Capital Companions, and Siemens Power Ventures.
The corporate intends to make use of the funds to develop manufacturing capability, develop the specialist workforce within the UK, and enhance the deployment of its energy era know-how.
Led by CEO Andrew Cunningham, GeoPura supplies an influence era know-how answer that makes use of renewable vitality, usually photo voltaic PV or wind, to create hydrogen and hydrogen based mostly zero emission fuels. This gas is then transported to areas the place an area generator converts it to electrical energy. From begin to end the method is clear and carbon free – the one by-product is pure water.
The financing will immediately enhance the manufacture and provide of GeoPura’s Hydrogen Energy Items (HPUs) in Newcastle, which substitute conventional diesel mills and emit zero dangerous emissions. The HPUs have already been provided to a variety of high-profile prospects together with the Ministry of Defence, Balfour Beatty, Nationwide Grid and the BBC.
FinSMEs
03/03/2024
