Geothermal is a reliable form of renewable energy that will play an important role in the energy transition. Simply put, geothermal energy is geothermal from the Earth's inner core that can be harnessed from anywhere on the planet. Unlike solar and wind, geothermal is not reliant on day-night cycles, weather conditions, or seasons. It can generate electricity 24/7 and provide what is called "baseload" power – a key component for a stable power grid. Today, most baseload power is generated by nuclear or fossil fuels (mainly coal). We can't ease our dependence on these fuels until we deploy a renewable baseload of power. That's where we come into the picture.
We believe that Baseload Capital can play a significant role in accelerating the geothermal industry in the coming decades. But we can't do it alone. We need developers, drilling experts, investors, plant operators, turbine manufacturers, governments, and communities to join us in building a brighter, more sustainable future.
Three Icelandic businessmen saw the potential in converting low-temperature geothermal into geothermal energy, and in January 2018, we acquired a stake in their company, Varmaorka.
Japan
During the fall of 2018, Baseload Capital founded its first official subsidiary in Japan to harness geothermal energy.
Taiwan
During the fall of 2019, we founded our second subsidiary, Baseload Power Taiwan.
USA
In February 2018, we signed an agreement with Wendel Energy Operations I in California to structure a debt facility to finance the repowering of their existing geothermal energy plant.
Catch up on our popular seminars, find out about our latest developments, and read our favorite stories affecting the geothermal energy industry today.
In this episode, our host, Claire Lai, Regional Marketing Director for Asia at Baseload Capital, has an exciting conversation with Michael Roach, the Country Manager for Baseload Power US
Baseload Capital is a specialized investment entity that leads partnerships to scale up geothermal power deployment worldwide. Geothermal power comes from the Earth’s inner core and provides a fossil-free, stable, 24/7 available baseload for electricity and heating and cooling. We work with like-minded investors to fund geothermal energy projects and tap into the planet’s largest renewable energy source that lies right beneath our feet.
We establish operating companies in global locations, which comprise the Baseload Power organization. They partner with local communities and power providers to commission, permit and build Baseload Capital-funded geothermal power plants.
Together we dream of a planet in balance with resilient societies that run on renewable energy.
We will be part of this transition by leading partnerships to scale up geothermal project development.
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