GeoPura has said its HyMarnham Power green hydrogen project will begin operations by the end of November, after it secured a £27 million green loan facility to expand its hydrogen-powered energy services in the UK and establish a new Danish hub for electrolyser support.
The company plans to install 8MW of electrolysers and a 43MW new solar PV array at a former coal-fired power station in the East Midlands, in a project advancing under the UK Government’s Hydrogen Allocation Round 1 (HAR1) support scheme. GeoPura will use the hydrogen in fuel cells to generate power and replace diesel generators. Its Hydrogen Power Units (HPUs) are used where customers rely on diesel where the electricity grid either does not exist or isn’t sufficient, including construction, data centres, film and TV production, and major international events. The project is a joint venture with JG Pears.
The financing package has been jointly structured by Barclays and the Export- and Investment Fund of Denmark and financed by Barclays. It includes a £16.5 million guarantee by EIFO.
Peter Boeskov, Chief Commercial Officer, EIFO, said: “The UK has been our single largest market for years thanks to our involvement in offshore wind, and we now see a clear opportunity to expand our role into green hydrogen.”