In a bold stride toward the UK’s clean energy future, GeoPura and JG Pears have clinched $14.14 million in green financing from Barclays to develop the HyMarnham Power project — a first-of-its-kind hydrogen facility set to transform a former coal site into a hub of renewable innovation. This landmark deal, bolstered by international collaboration and sustainable financing, marks a critical milestone in the UK’s journey to decarbonization.
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The HyMarnham Power project represents a remarkable story of transition — from fossil fuel to future fuel. Situated on the grounds of a former coal-fired power station in the East Midlands, the site is being reinvented as a beacon of green progress. The $14.14 million green loan facility, structured by Barclays alongside the Export and Investment Fund of Denmark (EIFO), showcases how strategic financial instruments can drive the renewable revolution. Notably, EIFO has provided a $22 million guarantee — its first-ever international Power-to-X guarantee — highlighting global confidence in the UK’s hydrogen ambitions.
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The proceeds from this financing will be pivotal in bringing the HyMarnham hydrogen facility to life. As a joint venture between GeoPura and JG Pears, the plant will not only pioneer large-scale green hydrogen production but will also enable the creation of a new Danish hub dedicated to securing electrolyzer capacity. This dual investment approach strengthens both the UK and Denmark’s renewable supply chains — ensuring the scalability and resilience of future hydrogen infrastructure across Europe.
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Expected to achieve commercial operation by November 2025, the HyMarnham facility will be the first project supported under the UK Government’s Hydrogen Allocation Round 1 (HAR1) scheme to come online. Once operational, it will supply low-carbon hydrogen to GeoPura’s zero-emission Hydrogen Power Units (HPUs), powering industries, transport, and temporary energy needs without carbon emissions. The project’s success could set a benchmark for future HAR-backed developments, proving that sustainable energy can deliver both environmental and economic dividends.

GeoPura and JG Pears’ HyMarnham Power project is more than just an energy facility — it’s a statement of what’s possible when green finance meets innovation. As the world races toward net zero, this partnership signals the dawn of a hydrogen-powered era in the UK.

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