BNP Paribas Leasing Solutions powers GeoPura’s low-carbon energy goals

In a landmark move for sustainable finance, BNP Paribas Leasing Solutions UK has announced its participation in GeoPura’s transformative £22 million debt funding round. The funding, which includes £650,000 from BNP Paribas Leasing Solutions, underscores the company’s commitment to fostering low-carbon energy solutions and advancing the global transition to sustainability.

GeoPura, a UK-based green hydrogen pioneer, plans to use the capital to accelerate the production and deployment of over 3,600 hydrogen power units (HPUs) by 2033. These HPUs, powered by renewable energy sources like wind and solar, utilise advanced fuel cell technology to deliver large-scale, zero-emission electricity. Remarkably, the only by-product of this energy generation is water, making it an environmentally friendly alternative to traditional diesel generators.

This funding round marks the UK’s first major asset-backed debt financing for a green hydrogen business, a milestone that could redefine the landscape of renewable energy.

“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. Partnering with world-class debt funders like BNP Paribas Leasing Solutions, is critical to delivering this vision and achieving these goals. This milestone supports our commitment to a cleaner, healthier future and underpins the vital role of sustainable finance in advancing global environmental goals.” 

BNP Paribas Leasing Solutions’ support for GeoPura reflects its broader strategy of advancing the low-carbon economy through innovative asset financing. The partnership highlights the role of sustainable finance in scaling green technologies that align with global environmental goals.

“By supporting innovative solutions like GeoPura’s Hydrogen Generators, we are not just financing assets but also investing in a sustainable future. By providing tailored financial solutions, we enable businesses to adopt these technologies and lead the way in the global energy transition”. 

“Leasing is a critical tool in making these innovations accessible to businesses of all sizes, breaking down financial barriers and enabling widespread adoption. Our collaboration with GeoPura highlights our dedication to accelerating the growth of cutting-edge solutions that shape the future of clean energy.” 

The hydrogen power units funded by this initiative offer a practical solution to industries seeking to replace polluting diesel generators. By providing zero-emission electricity for off-grid and grid-augmentation needs, these units can significantly reduce carbon footprints while improving local air quality. GeoPura’s ambitious expansion plans envision these HPUs playing a vital role in global decarbonisation efforts.