• £27 million ($34 million) green loan backs HyMarnham Power, the first UK hydrogen facility under the Hydrogen Allocation Round 1 (HAR1) to reach commercial operation.
• EIFO issues its first international Power-to-X guarantee, expanding Denmark’s clean energy footprint into the UK.
• GeoPura launches European hub in Denmark to secure electrolyser capacity and build delivery capability across the continent.
Financing the UK’s first HAR1-backed hydrogen facility
GeoPura has secured a £27 million ($34 million) green loan facility to scale its hydrogen-powered energy services in the UK and expand into Europe through a new Danish hub. The financing, jointly structured by Barclays and Denmark’s Export and Investment Fund (EIFO), includes a £16.5 million ($21 million) EIFO guarantee — the institution’s first international Power-to-X commitment.
The funds will advance HyMarnham Power, GeoPura’s joint venture with JG Pears, which will produce low-carbon hydrogen at scale. The project is progressing under the UK Government’s Hydrogen Allocation Round 1 (HAR1), designed to support early commercial hydrogen projects and stimulate investment in domestic production capacity.
Located at a former coal-fired power station in the East Midlands, HyMarnham Power will be the first HAR1-supported hydrogen facility to reach commercial operation. The site’s transformation from fossil-based power generation to a clean hydrogen hub underscores the UK’s push to replace diesel and natural gas with renewable hydrogen across key industries.
GeoPura expands into Europe
As part of the financing deal, GeoPura is launching GeoPura (Europe) Limited in Denmark. The new arm will serve as a strategic base for electrolyser procurement, logistics, and technology delivery — positioning the company to meet rising European demand for green hydrogen.
“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,” said Andrew Cunningham, CEO and founder of GeoPura. “EIFO and Barclays’ support allows us to accelerate industrial decarbonisation and provide the clean, life-enhancing environment we want to continue to enjoy.”
The Danish expansion builds on GeoPura’s broader mission to displace diesel generators with hydrogen fuel cell power units (HPUs). The company’s zero-emission HPUs are already in use by major UK firms including Balfour Beatty, National Grid, and the BBC, providing temporary and remote-site power across sectors from construction to media production.
GeoPura recently introduced its next-generation HPU2, designed for higher-capacity and longer-duration power applications. Together with the HyMarnham project, the new technology strengthens the UK’s hydrogen infrastructure and supply chain resilience.
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Denmark’s clean energy finance extends abroad
For EIFO, the transaction broadens its role in financing the global green transition beyond Denmark’s stronghold in offshore wind. The UK is already EIFO’s largest international market, and the fund now aims to replicate its wind-sector success in hydrogen and Power-to-X development.
“This transaction shows that green hydrogen becomes reality when the right frameworks are in place,” said Peter Boeskov, Chief Commercial Officer at EIFO. “The UK has been our single largest market for years, and we now see a clear opportunity to expand into hydrogen and onshore wind. GeoPura’s solutions demonstrate how UK-Danish cooperation can accelerate decarbonisation while creating high-value jobs and industrial growth in both countries.”
The EIFO guarantee de-risks private capital participation and supports cross-border investment alignment between the UK’s energy transition goals and Denmark’s industrial export strategy.
Financing a model for cross-border energy transition
Barclays, which financed the overall £27 million package, framed the transaction as a model for scaling hydrogen through collaborative, de-risked financing.
“The UK’s ambition on hydrogen is clear, and with HyMarnham becoming the first project under HAR1, this is an important step forward for the energy transition,” said Daniel Hanna, Group Head of Sustainable and Transition Finance at Barclays. “Partnering with EIFO allows us to bring additional scale and confidence to the sector.”
The HyMarnham facility is scheduled to be fully operational by November 2025, producing hydrogen for GeoPura’s power units and other industrial uses. Beyond its immediate production capacity, the project establishes a financing and deployment blueprint for similar cross-border clean energy infrastructure between European markets.
As both nations seek to meet net-zero targets — the UK by 2050 and Denmark by 2045 — projects like HyMarnham represent a convergence of industrial innovation, public policy, and export-backed finance. GeoPura’s Danish expansion and Barclays–EIFO partnership illustrate how coordinated investment frameworks can move green hydrogen from pilot scale to commercial reality across Europe’s evolving energy landscape.
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