Baseload Capital completes its €53M series B round to scale up geothermal energy
With a vision to unlock the world’s largest untapped energy resource, Baseload Capital secures major funding and aims for a half-gigaton reduction in emissions. Baseload Capital, the Swedish company scaling up geothermal energy worldwide, today announced the closing of its €53M Series B round of financing. The Series B round was led by an investment from infrastructure fund ENGF. The main investor behind ENGF is Ingka Investments – the investment arm of Ingka Group, the largest IKEA retailer. Other shareholders participating in this round include energy technology