Climeon invests in Baseload Capital Sweden
Climeon invests SEK 19.9 million in the finance company Baseload Capital Sweden AB, thereby acquiring a 19.9 per cent of the company. Baseload Capital Sweden’s business concept is to finance sustainable baseload energy, including heat power of the type that Climeon markets.
"Climeon’s goal is to become a world-leading product company within energy technology. By offering attractive financing solutions to our customers through Baseload Capital Sweden, we shorten the way to that goal,” says Climeon’s CEO Thomas Öström.
Together with the other owners; Blue, Gullspång Invest and LMK, Climeon initiated Baseload Capital. Baseload Capital Sweden intends to further increase its financing capacity by issuing several types of securities, such as bonds and preference shares.
So far, Baseload Capital Sweden, launched in January 2018, has undertaken to provide financing for two of Climeon’s customers, Icelandic Varmaorka and German GEK. Both these companies will use the funding for heat power plants. Baseload Capital Sweden aims to offer both short- and long-term funding of sustainable baseload energy.
Climeon has previously announced that it will invest up to SEK 20 million in Baseload Capital Sweden.
For additional information, please contact:
Thomas Öström, CEO, Climeon
+46 708 94 96 05
Christoffer Andersson, COO, Climeon
+46 762 00 72 99
Climeon is a Swedish cleantech equipment vendor and world leader in converting low temperature heat into clean electricity. The company was founded in 2011 and is headquartered in Stockholm with customers in many parts of the world. Climeon was founded to deliver an economically viable business case when it comes to converting low temperature heat into electricity. Climeon was built with the ambition to deliver a good business case for utilizing waste heat with a positive environmental impact.
Climeon is listed on Swedish Nasdaq First North Premier. FNCA Sweden AB is appointed Certified Adviser.