- Baseload Capital, a Swedish company specialized in funding the deployment of heat power worldwide, closed a $25m funding round
- Chevron Technology Ventures acted as a new strategic investor
- The company also intends to use the funds to accelerate deployment in its key markets
- Baseload Capital also acts as a catalyst for green baseload electricity by funding renewable energy projects throughout the world
- The company currently has subsidiaries in Iceland, Japan and Taiwan, which work with local communities and power companies to permit, build and commission heat power plants
- Chevron Technical Center and the company have already signed a letter of intent to investigate a potential pilot project in California
