Swedish Baseload Capital raises investment of USD 24 million to boost geothermal
Swedish climate investment fund, Baseload Capital, has raised USD 24 million in new financing, corresponding to 250 million Swedish kronor. Behind the convertible loan are both existing and new investors, among them Bill Gates-founded Breakthrough Energy Ventures. “The Earth's heat can deliver renewable energy 24 hours a day, 365 days a year. So, it is no wonder more and more large investors see the potential in what we do. We are happy that our partners are supporting us as we continue our fast-paced growth,” says Baseload Capital's CEO Alexander Helling. This round of