EIFO backs hydrogen breakthrough in the UK

EIFO’s guarantee gives GeoPura Ltd. the financial backing to expand its hydrogen-powered energy services in the UK. GeoPura will also establish a Danish hub for electrolyzer support, tapping into a supply chain involving more than 50 Danish sub-suppliers.

The green loan facility will be used for HyMarnham, GeoPura’s joint venture with JG Pears, which will produce green hydrogen at scale for GeoPura’s zero-emission power units. The project moves forward under the UK Government’s Hydrogen Allocation Round 1 (HAR1) support scheme, helping to show how policy frameworks can bring new technologies to scale.

Building on a UK track record

The UK is already EIFO’s largest international market. Decades of involvement in offshore wind have laid the foundation, and hydrogen, Power-to-X, and onshore wind are now the natural next step.

“This transaction shows that green hydrogen becomes reality where the right frameworks are in place. 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. And into onshore wind, in fact, following the UK Government’s onshore wind strategy. 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,” said Peter Boeskov, CCO, Large Corporates, EIFO.

GeoPura’s growing role

GeoPura is replacing diesel generators – a major source of harmful emissions – with clean hydrogen alternatives. Its power units already provide zero-emission energy for construction sites, data centers, film productions and international events such as the BMW PGA Tour. GeoPura is positioned to scale quickly in the UK market, with HyMarnham ensuring a dedicated hydrogen supply and the establishment of a Danish hub supporting delivery capacity.

“We’re very pleased to have EIFO and Barclays as financing partners for this milestone transaction. In fact, 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. Their support enables us to further accelerate the green transition, helping industries decarbonise and provide the clean, life-enhancing environment we want to continue to enjoy,” said Andrew Cunningham, CEO and Founder of GeoPura.

EIFO’s first international Power-to-X guarantee

For EIFO, the GeoPura deal marks a step into new territory. The fund has guaranteed loans for some of the world’s largest offshore wind farms, but this is EIFO’s first international pure-play Power-to-X project. EIFO already has experience supporting Power-to-X projects in Denmark and is now bringing that expertise directly into the UK market.

The collaboration is one valued by both EIFO and Barclays and is seen as a springboard for further partnerships. Partnering with one of the UK’s leading financial institutions lowers risk and brings more confidence to future hydrogen investments. EIFO’s guarantee of GBP 16.5 million is part of Barclays’ total GBP 27 million financing package.

“We are pleased to support GeoPura’s pioneering green hydrogen solutions together with EIFO. The UK’s ambition on hydrogen is clear, and with HyMarnham becoming the first project under HAR1, we see this as an important step forward for the energy transition. Collaborating with EIFO allows us to bring even more scale and confidence to the sector,” said Daniel Hanna, Group Head of Sustainable and Transition Finance, Barclays.

A new phase in UK-Danish cooperation

Denmark and the UK already share a long history in offshore wind. With hydrogen now entering the commercial phase, the partnership is evolving into new ground. The establishment of GeoPura’s Danish hub, supported by EIFO’s guarantee, is a clear example of how this cooperation delivers benefits on both sides of the North Sea.

“By being present in the UK market with projects like this, we are making it clear that EIFO, together with Danish companies, is a long-term partner in the UK’s green transition. The combination of UK ambition and Danish expertise creates a powerful platform for scaling clean energy solutions like hydrogen,” added Peter Boeskov.

HyMarnham is located on the site of a former coal-fired power station in the East Midlands of the UK and is expected to be fully operational by end-November.