UK-based clean energy company GeoPura has secured a £27 million green loan facility to support the expansion of its hydrogen-powered energy services, including the development of a low-carbon hydrogen production site in the UK and a new European hub in Denmark.
The financing deal was structured by Barclays and Denmark’s Export and Investment Fund (EIFO). Barclays will provide the loan, which includes a £16.5 million guarantee from EIFO—marking EIFO’s first international Power-to-X guarantee.
The funding will primarily support HyMarnham Power, a joint venture between GeoPura and rendering company JG Pears. Located at a former coal-fired power station in the East Midlands, the site is set to become the first hydrogen facility backed by the UK Government’s Hydrogen Allocation Round 1 (HAR1) scheme to reach commercial operation. HyMarnham is scheduled to be fully operational by the end of November 2025.
GeoPura said the new facility will supply low-carbon hydrogen for its zero-emission power units and other industrial applications.
In addition to its UK development, GeoPura will expand its presence in Europe through the launch of GeoPura (Europe) Limited in Denmark. The company said the Danish hub will play a key role in supporting European operations by securing electrolyser capacity and building delivery capability across the continent.
Andrew Cunningham, chief executive and founder of GeoPura, said the financing is essential to scaling clean energy infrastructure.
“We’re very pleased to have EIFO and Barclays as financing partners for this milestone transaction,” he said. “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.”
EIFO’s involvement in the deal extends its investment footprint in the UK beyond offshore wind and into the hydrogen and onshore wind sectors.
“This transaction shows that green hydrogen becomes reality when the right frameworks are in place,” said Peter Boeskov, EIFO’s chief commercial officer. “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.”
Daniel Hanna, group head of sustainable and transition finance at Barclays, said the project aligns with the UK’s national hydrogen strategy.
“With HyMarnham becoming the first project under HAR1, we see this as an important step forward for the energy transition,” he said.
The financing underscores growing public and private sector interest in hydrogen as a low-emissions energy source and highlights the increasing role of cross-border collaboration in accelerating decarbonisation initiatives.
