Baseload Capital, a Stockholm, Sweden-based company scaling geothermal energy worldwide, raised €53M in Series B funding.
The round was led by ENGF, with participation from Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest.
The company intends to use the funds to commercialize its current portfolio of projects.
Led by CEO Alexander Helling, Baseload Capital is a geothermal energy company addressing underutilized resources and building a global collaborative portfolio of projects to scale the entire industry. Baseload Capital and its Baseload Power subsidiaries operate in mature geothermal markets like Iceland, the US, and Japan, as well as in emerging markets like Taiwan.
FinSMEs
04/09/2024