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KPMG has revealed it advised UK clean energy company GeoPura in raising £36m in an investment round including GM Ventures, Barclays Sustainable Impact Capital, SWEN Capital Partners and Siemens Energy Ventures.
Gavin Quantock, head of Energy M&A at KPMG UK, was selected to lead the transaction. KPMG acted as lead M&A advisor to GeoPura, and the team that advised on the deal included: Kishlay Sinha, Ugo Iromantu, Emily Bowman and Ed Stirrup.
It comes as GeoPura plans to deploy a fleet of over 3,600 HPUs by 2033, providing clean, low-cost reliable power, and displacing more than six million tonnes of CO2 emissions through their operation over their life.
Quantock said: “We are incredibly proud to have worked alongside the GeoPura team to deliver this outstanding result. The hydrogen sector is gathering real momentum now and it is great to be leading the way advising on transactions like this. There is a lot more to come.”
Andrew Cunningham, CEO of GeoPura, said: “Green hydrogen is too often seen as a technology that will happen in the future, but GeoPura and our partners are delivering a commercially viable technology, today. The world can’t afford to wait a decade for green fuels to scale – we must act now.
“This investment allows us to build on our installed base of HPUs and hydrogen production infrastructure to stimulate the green hydrogen economy, and then expand the use of clean fuels into other hard-to-decarbonise areas of our energy system.”
He added: “We have secured the right mix of investors, forming strategic partnerships that not only provide the funds to enable us to scale rapidly, but also the skills and resources to accelerate the transition to zero emission fuels. With the support of our investors we can help turn the market on its head and build a green hydrogen economy this decade, not next.”
