Ballard Power Systems Acquires GeoPura to Build Integrated Hydrogen Energy-as-a-Service Platform
June 25, 2026
Ballard Power Systems has signed a definitive agreement to acquire UK-based hydrogen power solutions provider GeoPura Limited for an upfront consideration of £275.0 million, funded with cash and issued Ballard shares, plus up to £27.5 million contingent on post-closing milestones. The deal is intended to transform Ballard into a vertically integrated “Energy-as-a-Service” provider by combining Ballard fuel cell technology with GeoPura’s hydrogen production, distribution/logistics and Hydrogen Power Unit (HPU) business.
- Buyers
- Ballard Power Systems Inc.
- Targets
- GeoPura Limited, HyMarnham Power (50% interest via GeoPura)
- Industry
- Energy
- Location
- United Kingdom
- Transaction Type
- Buyout
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