Baseload Capital raises €53M Series B funding, led by ENGF and Ingka, to commercialize geothermal projects.

Swedish company Baseload Capital has raised €53 million ($59.5 million) in Series B funding, primarily from ENGF and Ingka Investments. The funds will support the commercialization of geothermal projects, aiming to unlock geothermal energy's vast potential as a clean, reliable resource. The company operates in both established and emerging markets, leveraging oil and gas expertise to boost global geothermal development and aid in the green energy transition.

September 10, 2024
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