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
