Baseload Capital scales geothermal growth in Japan
With the completion of the Waita No. 2 Geothermal Power Plant in Kumamoto Prefecture, Baseload Capital and Furusato Netsuden are positioning Japan as a breakthrough market for geothermal growth.
June 4, 2026
For Baseload Capital and Furusato Netsuden, the completion of Waita No. 2 marks more than an operational milestone. It signals what the companies believe could become a turning point for geothermal development in Japan.
The project demonstrates how community-aligned development models could help unlock scalable growth in one of the world’s largest untapped geothermal markets.
The 4.995 MW plant began commercial operations in March 2026 and was developed together with stakeholders in the Waita district of Oguni Town, Kumamoto Prefecture.
Read the full press release on Cision
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