BNP PARIBAS LEASING SOLUTIONS POWERS GEOPURA’S LOW CARBON ENERGY GOALS

Our commitment to sustainable, innovative asset financing is exemplified by our recent collaboration with GeoPura who recently closed a  £22 million debt funding round where we committed to funding £650K alongside a group of prestigious financial institutions.

GeoPura’s goal is to expand the production and deployment of hydrogen power units (HPUs). HPUs use fuel cell technology to supply low carbon, large-scale power when and where it’s needed, with water being the only by-product. 

KEY HIGHLIGHTS

• First major asset-backed debt funding announcement for a green hydrogen [DP1] business in the UK: GeoPura’s pure hydrogen is produced by renewable energy sources such as wind or solar power.
• Long-Term Funding Support from Leading Financial Partners: The funds are provided by an array of respected bank and non-bank financial institutions, including BNP Paribas Leasing Solutions.  
• Accelerating Expansion Plans: The capital will help facilitate the manufacture and deployment of over 3,600 hydrogen power units (HPUs) by 2033

Derek Bulmer, CFO of GeoPura, said:

“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.” 

At the core of our sustainability strategy is the belief that each organisation’s journey towards environmental responsibility is unique. By leveraging our expertise in asset finance and working closely with our partners, we provide the financial support needed to scale pioneering technologies, such as GeoPura’s HPUs, which offer zero-emission electricity using green hydrogen. This helps industries replace polluting diesel generators, significantly reducing carbon emissions and improving air quality. The only byproduct of these units is clean, drinkable water, making them a perfect fit for the future of sustainable energy. 

Our role as a financial partner in this significant funding round, and aligns with our broader goal of driving the green agenda. This funding is crucial to GeoPura’s expansion plans, enabling the production of over 3,600 HPUs by 2033. These units will be deployed across the globe, making a tangible impact in reducing the carbon footprint of off-grid and grid augmentation power systems. 

Eric Gandemer, CEO, BNP Paribas Leasing Solutions UK:

“At BNP Paribas Leasing Solutions, we are committed to driving the transition to a low-carbon economy. 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”. 

Richard Heckel, Head of Green Technology Sales Channel UK, BNP Paribas Leasing Solutions, stated:  

“Our role in the Green Technology sector positions us at the forefront of advancing the low carbon transition. Through our partnership with GeoPura, we are actively working toward a more sustainable future. Leasing is a critical tool in making these innovations accessible to businesses of all sizes, breaking down financial barriers and enabling widespread adoption. In addition to supporting hydrogen power units, we provide financing for a wide range of renewable technologies, including wind turbines, EV chargers, solar panels and heat pumps. Our collaboration with GeoPura highlights our dedication to accelerating the growth of cutting-edge solutions that shape the future of clean energy.” 

This collaboration reinforces our dedication to sustainable finance. Our focus on circular economy practices, innovative leasing models, and asset lifecycle management supports businesses like GeoPura as they develop cutting-edge green technologies. We are here to help drive that progress with tailored financing solutions. We offer a range of flexible options for businesses looking to invest in key green technologies. Our goal is to empower companies to implement these technologies without the burden of significant upfront costs, facilitating long-term growth while reducing environmental impact. To learn more about how our financial solutions can support your sustainability goals, we encourage you to reach out and explore the opportunities available across the green energy sector.