Siemens Financial Services has entered into a partnership with GeoPura, a hydrogen specialist focused on providing clean energy solutions. GeoPura's innovative approach involves using renewable energy sources like solar PV or wind to produce hydrogen, which is then converted to electrical power at customer locations through hydrogen power units (HPUs). This process results in clean energy generation with only pure water as a by-product, eliminating harmful emissions such as CO2, NOx, and SOx. GeoPura's clientele includes notable organizations like the Ministry of Defence, Balfour Beatty, the BBC, and National Grid, all aiming to reduce their carbon footprint. The company secured support under the first hydrogen allocation round (HAR1) in 2023 and is looking to participate in HAR2. In terms of financing, GeoPura planned to refinance its existing assets, and Siemens Financial Services was chosen due to its understanding of the industry and its capacity to provide scalable financing. The partnership was crucial for GeoPura's growth trajectory, with SFS emphasizing the importance of private financing in driving sustainable transformation. The positive sentiment towards hydrogen and clean energy solutions is evident in the statements from both parties. Derek Bulmer, GeoPura's CFO, highlighted the alignment between SFS's financing capabilities and GeoPura's innovative business model, emphasizing the need for infrastructure changes and significant capital investments in sustainable initiatives. Ollie Finkill, Head of Specialist Finance at SFS UK, acknowledged the challenges in financing businesses like GeoPura, especially in a high-growth sector with uncertainties. However, the partnership was driven by GeoPura's strong business plan, successful fundraising track record, and the value of the assets being financed. Overall, the collaboration between Siemens Financial Services and GeoPura showcases the importance of private financing in supporting companies at the forefront of sustainable energy solutions and underlines the commitment to driving positive environmental impact.