Debt funding will be crucial to the hydrogen industry’s success, Andrew Cunningham, CEO of UK-based GeoPura, has told H2 View.
The CEO’s comments come after the firm raised an “incredibly important” £56m ($71.9m) from the likes of the UK Infrastructure Bank (UKIB), Barclays and more, but he admitted, it was a “drop in the ocean” compared to what’s necessary for building the industry.
Cunningham said the Hydrogen Power Unit (HPU) manufacturer was having to direct funding towards hydrogen production and transportation to support its commercial deployments, due to a lack of wider progress across the market.
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