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Waita No. 2 is important not only because we commissioned a geothermal power plant. It is important because it demonstrates that geothermal development in Japan can be done in a way that creates trust locally, aligns incentives, and becomes repeatable. That changes the conversation from one isolated project to long-term market potential.
Alexander Helling, CEO of Baseload Capital
Japan does not lack geothermal resources. What has often been missing is a development model that communities feel part of. Waita No. 2 shows that geothermal can be developed together with local communities, not around them.
Kazuyuki Akaishi, Representative Director of Furusato Netsuden
Fossil fuels are part of how we got here - but they are not part of the future we’re building. The goal of the book is to make that shift understandable for a younger audience, so that it becomes easier to act on.
Kristina Hagström-Ilievska, CMO at Baseload Capital and author of the book
This book is about helping children understand the system they are inheriting. If we want better decisions in the future, we need better understanding today. That starts with being honest about where we come from - and clear about where we’re going.
Alexander Helling, CEO of Baseload Capital
With this second book, we wanted to approach the energy conversation in a balanced way. Understanding how we got here is just as important as thinking about where we go next, and that means acknowledging the historical importance of fossil fuel. At the same time, renewable energy, including geothermal with its always-on availability, will be increasingly important in the years ahead. Through storytelling, we can introduce these ideas to new audiences in a way that feels hopeful and is easy to relate to.
Kristina Hagström-Ilievska, CMO at Baseload Capital and author of the book
The book is written to spark conversations about energy and climate change. While the primary target group is children, the aim is also to ignite dialogues in the wider energy sector as well as with policy makers and investors who strive for positive impact.
Alexander Helling, CEO of Baseload Capital
We are grateful for the Hongye Tribe’s support. We remain committed to the collaboration and look forward to building Hualien’s first geothermal power plant which delivers shared benefits and integrates cultural preservation, environmental stewardship, community revitalization, and clean energy development.
Van Hoang, Chairman and CEO of Baseload Power Taiwan
The consultation reflects the majority voice of our people. We appreciate Baseload’s respectful efforts and open communication, and we trust their continued commitment to shared benefits and sustainable development, while our community remains vigilant in protecting our rights.
Lu Shao-Ching, Tribal leader
Furusato Netsuden has successfully proven that community-based geothermal development works. Through this first investment, we’re proud and humbled to partner with them in scaling this approach, combining local engagement with sustainable energy development. Together, we aim to help Japan reach its 1.5 GW geothermal goal and strengthen national energy resilience.
Alexander Helling, CEO, Baseload Capital
Since 2020, we’ve built a foundation of trust with Baseload Capital, and seen that they are a committed, long-term partner in Japan’s energy transition. Their role as a strategic investor provides financial stability for our current and future projects. They also bring valuable global resources, including technology, business insights and an international network of investors and energy partners.
Kazuyuki Akaishi, Representative Director, Furusato Netsuden
Geothermal is one of the largest untapped opportunities in the global clean energy transition - providing reliable, carbon-free heat and power that can strengthen energy security and serve communities worldwide," said Carmichael Roberts, Breakthrough Energy Ventures. "Baseload Capital is demonstrating how to unlock this potential by working hand in hand with trusted local partners like Furusato Netsuden. This partnership is a model for how communities across the globe can harness geothermal power.
Carmichael Roberts, Breakthrough Energy Ventures
Furusato Netsuden has successfully proven that community-based geothermal development works. Through this first investment, we’re proud and humbled to partner with them in scaling this approach, combining local engagement with sustainable energy development. Together, we aim to help Japan reach its 1.5 GW geothermal goal and strengthen national energy resilience.
Alexander Helling, CEO, Baseload Capital
Since 2020, we’ve built a foundation of trust with Baseload Capital, and seen that they are a committed, long-term partner in Japan’s energy transition. Their role as a strategic investor provides financial stability for our current and future projects. They also bring valuable global resources, including technology, business insights and an international network of investors and energy partners.
Kazuyuki Akaishi, Representative Director, Furusato Netsuden
Geothermal is one of the largest untapped opportunities in the global clean energy transition—providing reliable, carbon-free heat and power that can strengthen energy security and serve communities worldwide," said Carmichael Roberts, Breakthrough Energy Ventures. "Baseload Capital is demonstrating how to unlock this potential by working hand in hand with trusted local partners like Furusato Netsuden. This partnership is a model for how communities across the globe can harness geothermal power.
Carmichael Roberts, Breakthrough Energy Ventures
Jesper has been integral to the development of Baseload Capital thus far and we are thrilled that he will continue to contribute to our mission of scaling geothermal energy worldwide by leading Baseload Power US.
Alexander Helling, Baseload Capital CEO
It has been a privilege to watch Jesper grow into a leader through his tenure at Baseload Capital. We are confident in his continued success in developing our U.S. and global business.
Pernilla Wihlborg, Baseload Capital COO
I am thrilled to continue my career with Baseload and to move into this new role at Baseload Power U.S. Our strategy of developing geothermal projects through partnerships and collaboration is a great fit for the constantly evolving geothermal ecosystem in the U.S. I am looking forward to working with colleagues here and abroad to push projects forward and advance the geothermal industry.
Jesper Jolma, Baseload Power U.S. President
We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of–and demand for–24/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth.
Alexander Helling, CEO of Baseload Capital
Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally. We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide.
Michael Terrell, Sr. Director of Clean Energy and Carbon Reduction at Google
We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of–and demand for–24/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth.
Alexander Helling, CEO of Baseload Capital
Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally. We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide.
Michael Terrell, Sr. Director of Clean Energy and Carbon Reduction at Google
We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of–and demand for–24/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth.
Alexander Helling, CEO of Baseload Capital
Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally. We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide.
Michael Terrell, Sr. Director of Clean Energy and Carbon Reduction at Google
This is a great chance to showcase Wanrung town’s beautiful valley landscapes and local specialties like bird's nest fern and arrow bamboo shoots. We sincerely appreciate the support of Baseload Power Taiwan and all our partners for helping us drive sustainable development and economic recovery.
Guang-Ming Liang, Township mayor
Last year’s earthquake and typhoon dealt a major blow to Wanrung town’s tourism and agriculture sectors. Baseload Power Taiwan was actively involved in post-disaster reconstruction and remains dedicated to supporting local revitalization. We are honored to participate in this charity run, which aligns with our commitment to leveraging geothermal energy to build a sustainable future together with the community.
Van Huang, Chairman and CEO of Baseload Power Taiwan
We must reshape the narrative using storytelling and visuals to make geothermal appealing and simplify the message. The Declaration of Communication presents the facts from half a decade of work. The report explains why we need one united voice and offers clear, actionable steps. We want to create a hub at geothermaldoc.com, where people working with geothermal and communication can access information and get inspired. We’re calling on ambassadors worldwide to join this energy revolution!
Kristina Hagström-Ilievska CMO, Baseload Capital
The book offers a fun way to introduce kids to the different sources of renewable energy and how they work together to support our modern society. It fills an important gap in children's literature and educational material presenting the vital role of energy in our daily lives. I also hope it inspires a sense of awareness about the value of renewable resources and the quality of life they bring us now and in the future.
Marta Rós Karlsdóttir, Managing Director of Baseload Power Iceland
At Baseload Capital, we welcome this pivotal moment for geothermal energy in Europe and will continue doing our part to scale up this clean, reliable source that delivers 24/7, no matter the weather or time of day.
Alexander Helling, Baseload Capital CEO
The conclusions highlight the role of geothermal energy to ensure a smooth transition to a carbon-free Europe, strengthen our competitiveness, and secure our energy sovereignty.
Csaba Lantos, Hungarian Minister for Energy.
Geothermal energy can be used for affordable and secure heating and cooling, and it can provide a stable supply of electricity. Therefore, it can decarbonise the energy consumption of buildings and make industries more competitive and sustainable.
EU Council
We are pleased to welcome Laura to the Baseload Capital team. Her knowledge of the industry and policy expertise will be invaluable as we expand our geothermal footprint and leverage the vast potential of this renewable resource in the United States.
Alex Helling, CEO of Baseload Capital
I am thrilled to join Baseload Capital. This is an ambitious company full of incredibly experienced and talented individuals working across three continents to move the needle on geothermal. I'm excited for the opportunity to be a part of Baseload and its pioneering approach to project development, emphasizing partnerships, and thinking outside the box.
Laura Singer, Regional Marketing Director, U.S.
Public perception is key to the future of geothermal, and that’s why the Declaration of Communication is so important. As an industry, we need a unified message to make geothermal as recognizable as solar and wind. GeoTV is dedicated to amplifying that message, showing the world how geothermal can transform our energy future.
Gabriella Skog, Creative Director at Baseload Capital
Geothermal energy holds incredible potential, but to unlock it, we need to push the boundaries of technology and public awareness. Projects like super-hot geothermal systems and innovative business models are positive steps towards making geothermal competitive on a global scale.
Carlo Cariaga, Editor-in-Chief of ThinkGeoEnergy
We are thrilled to welcome Kristín Vala to the Baseload Capital team. Her diverse expertise in the renewable energy and international business sectors and deep understanding of relevant technologies will be invaluable as we continue to develop innovative solutions for a sustainable future.
Alexander Helling, CEO of Baseload Capital
I am excited to join the ambitious team at Baseload Capital and work towards changing the energy mix worldwide. By fostering partnerships and challenging traditions, we will scale up the entire industry. Geothermal energy is my passion, and I am thrilled to reconnect with my inner scientist in a sector where my heart truly belongs. The Earth has power – let’s switch it on!
Kristín Vala Matthíasdóttir, CTO at Baseload Capital
We join this coalition of innovators at a crucial time for Europe. With a new political cycle beginning, European Commission President Ursula von der Leyen has vowed to make Europe the home of cleantech and announced the launch of a Clean Industrial Deal.
Alexander Helling, CEO of Baseload Capital
We are thrilled to see Baseload Capital joining the Cleantech Scale-up Coalition. Cleantech for Europe Summit proved the cleantech industry stands ready to power Europe’s competitiveness, but we urgently need a comprehensive industrial, competition, and trade policy to match our global peers. The Scale-up Coalition plays a vital role to equip policymakers with experiences from the field and inform Europe’s strategy.
Jules Besnainou, Executive Director. Cleantech for Europe
As Taiwan’s first international geothermal developer, we are committed to delivering 24/7 clean energy and advancing the geothermal industry. By leveraging public-private collaboration, we aim to unlock Taiwan’s geothermal potential, contribute to its energy independence, and support the 2050 Net-Zero goal.
Magnus Brandberg, Co-Founder and Chairman of Baseload Capital
The trust these renowned partners place in us is a testament both to what we at Baseload can achieve and to the fact that the geothermal industry is ready to scale up globally.
Alexander Helling, CEO of Baseload Capital
We are delighted to be working with Baseload Capital and the other investors on this important energy infrastructure platform. We strongly believe in the sector as it offers stable and carbon-free baseload electric capacity to the grid. Baseload has demonstrated its capabilities to develop a portfolio of geothermal projects, and we are thrilled to support the company through its next phase in commercializing its pipeline. As a business we are committed to help support the green transition and this partnership helps us deliver on our promise.
Oskar Backman, Managing Director of ENGF
As a dispatchable source of power that can be harnessed from anywhere on the planet, geothermal has the potential to transform the energy landscape by providing a constant stream of electricity. Baseload Capital is helping to accelerate the deployment of geothermal projects worldwide and showing the world how geothermal can meet the planet’s heat and power needs.
Carmichael Roberts, Breakthrough Energy Ventures
Geothermal is a crucial piece of the world’s energy mix, and we are excited to collaborate with Baseload Capital to scale up this critical technology. Baker Hughes is committed to supporting lower carbon solutions through strategic collaborations with innovative companies like Baseload Capital.   
Ajit Menon, vice president of geothermal energy, Oilfield Services and Equipment at Baker Hughes
The geothermal industry doesn't have a technology problem; it has a policy problem. Communicating our issue sets and pain points directly to members of Congress and their staff is crucial.
Jason Sorter, Community Engagement and Policy Director at Geothermal Rising
The positive response to GeoTV has been overwhelming, and we are grateful to Ormat Technologies for their ongoing support as sponsors of this show. Together, we are shaping a sustainable future powered by geothermal energy.
Kristina Hagström-Ilievska, CMO at Baseload Capital
I am delighted to welcome Aurore Belfrage to the Baseload Capital Board of Directors. Aurore has long demonstrated her commitment to advancing the adoption of clean, reliable and sustainable energy solutions, and she brings tremendous vision, creativity and energy to the role.
Alexander Helling, CEO of Baseload Capital
Aurore's extensive experience across geographies as well as industries will strengthen Baseload Capital in its mission to accelerate the deployment of geothermal energy globally. With Aurore, the Board gains valuable perspectives that will facilitate decision-making, enhance governance and compliance, and sharpen our strategic capability.
Magnus Brandberg, Baseload Capital Board Chair
Geothermal energy is a reliable, baseload, clean energy source, and I’m excited to join the board of Baseload Capital as this key sector is taking off globally. Geothermal is on the trajectory of powering the green transition and our AI boom. I couldn’t think of a better team than Baseload Capital to identify and operate scalable geothermal plants.
Aurore Belfrage, co-founder of green-tech think tank SusTechable, advisor to the Swedish government and investor in artificial intelligence and technology initiatives
Sweden's early decarbonization efforts led to stronger economic growth. Sustainability gives business competitive advantage and is a long-term win-win for all parties involved. It’s important for all parts of society to work together.
Johanna Lindquist, Minister Counsellor / Deputy Head of Mission from the Swedish Embassy
We aim to encourage students to learn from real business cases by creating viable business and marketing strategies. We thank Baseload Power Japan for their collaboration and engagement with the students.
Jesper Edman, Associate Professor at Waseda University
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