ESG Today writes that GeoPura is a 2019-founded startup specialized in hydrogen power technologies, which can be deployed at temporary sites, as well as for long-term backup power solutions and off grid power. Using renewable energy to produce green hydrogen, the company then transports the manufactured fuel to the sites that require it, powering them via the HPUs, made in collaboration with Siemens Energy.

By 2033, GeoPura wants to deploy over 3.600 HPUs around the world, cutting the carbon footprint that would have been generated had they not been available by millions of tons.

Derek Bulmer, CFO of GeoPura, said that "securing this debt funding is a pivotal milestone in our journey to build a global fleet of over 3,600 HPUs, which will require over £2.5 billion in capital over the next decade. This funding will not only accelerate our expansion but also drive significant reductions in carbon emissions and improve local air quality while contributing directly to the UK’s net zero targets."

The hydrogen power system has already been used by various organizers at festivals, sports events, as well as for construction sites, to name a few applications. Back in February of this year, the company raised 56 million GBP in funding.